Agriculture in an Unstable Economy

In This Review

Agriculture in an Unstable Economy

By Theodore W. Schultz
McGraw-Hill, 1945
299 pp. $2.75
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This book is a landmark in the application of competent economic analysis to the fundamental problems facing American agriculture. Written in a lucid style by one of the foremost experts in the field of agricultural economics, it investigates the significance of excess labor resources on farms; the relationship between industrial and agricultural output; the tendency for the supply of farm products to exceed the demand for them; the instability of farm income; the opportunity for agricultural exports and imports; governmental programs and control; and the solution to the farm problem without resort to price floors or restrictions on output.