Diminishing Returns in Agriculture

Diminishing Returns in Agriculture

Diminishing Returns in Agriculture

Diminishing Returns in Agriculture

Excerpt

The following essay is not a discussion of theories of diminishing returns, nor does it aim to describe their history and development. Rather, it represents an attempt to discover what light can be shed by the results of certain agricultural experiments on the problem of securing a more precise formulation of the conventional law of diminishing returns as applied to experimental agriculture.

This, however, is only the primary object. It addition to it, an endeavor is made in the present essay to discover the factors responsible for the logically demonstrable rise and fall of returns in agricultural enterprise. A third and final object is to show, by means of the presentation of some statistics of the past history of agricultural productivity and some arguments in refutation of certain views as to its future, the apparent lack of foundation for the belief in a temporal process of diminishing returns in agriculture.

Of these objects, only the first, perhaps, can be held to have been accomplished in any definite way. The second, and particularly the third, have involved the consideration of such complicated phenomena that their pursuit has led to what will no doubt seem to many to be nothing more than the presentation of some particular views on the problems under discussion. They have been here included, however, not only for the sake of completeness, but also because they are widely considered to be indispensable on the one hand for the understanding of present economic phenomena, and on the other for the study of the probable future course of. the productivity of human labor.

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.