GRAZING LAND: Young, Gladwin E., "Let It Go to Grass," January-February 1939. INDUSTRIAL EXPANSION: Marshall, James H., Review: "Jobs for All Through Industrial Expansion," by Mordecai Ezekiel, March-April 1939. LAND: Haggerty, J. J., Review: "Our Promised Land," by Richard L. Neuberger, Sherman, Caroline B., Review: "Behold Our Land," by Russell Lord, March- Sherman, Caroline B., "The Land in Fiction" (Survey of Recent Fiction), May-June 1939. Youngblood, Bonney, Review: "Ground under our Feet," by Richard T. Ely, May-June 1939. LAND MANAGEMENT: Penn, Raymond, and Steele, Harry A., "Land Management in South Dakota," November-December 1939. LAND OWNERSHIP: Evans, Morris, "Nonresident Ownership-Evil or Scapegoat?" July-August 1938. LAND POLICIES: Gray, L. C., "Our Land Policy Today," May-June 1938. Zimmerman, Carle C., "Soil and Men-Blut und Boden," July-August 1939. LAND PROBLEMS: Bradford, William E., Review: "The South: Its Economic-Geographic Development," by A. E. Parkins, November-December 1938. Gaus, John M., Review: "American Regionalism," by Howard C. Odum and Harry Estill Moore, November-December 1938. Lindesmith, Lyle, "An Editor's Dream," November-December 1938. MacMillan, Robert T., "Farm Families in the Dust Bowl," September-October 1938. LAND PROGRAMS: Article, "The Land Program at Work" (An Arkansas Project Emphasizes Some Southern Needs), May-June 1938. Björnson, E. Hjalmar, Review: "A Land Program for Forest County, Wisconsin," by V. Webster Johnson et al., November-December 1939. Bronfin, Hyman, "Title III Purchase Program, 1938," July-August 1938. Clayton, C. F., "The Land Utilization Program Begins Its Second Year," September-October 1938. LAND SETTLEMENT: Charles, Ralph, “Land of Manana," November-December 1938. Gates, Paul W., Review: "History of Prairie Settlement and 'Dominion Lands' Policy," by Arthur S. Morton and Chester Martin, July-August 1939. Gates, Paul W., Review: "Norwegian Settlement in the United States," by Carlton C. Qualey, July-August 1938 LAND USE: Article, "Land Use and Southern Needs," September-October 1938. Kohlmeyer, J. B., "Land Use and Local Government," July-August 1938. LAND USE ADJUSTMENT: Baker, John, “A New Lease for a New South," July-August 1938. Peterson, Lyall E., Review: "Land-Use Adjustment in the Spring Creek AreaCampbell Co., Wyoming," by R. L. Sparlock and S. M. Lingo, NovemberDecember 1939. Willard, Rex E.. "Land-Use Adjustment-The Basis of Rehabilitation as Illustrated by the Spring Creek Area, Wyo.," September-October 1938. LAND-USE PLANNING: Johnson, S. E., "Farm Management Aspects of Land Planning," NovemberDecember 1938. Salter, Leeonard A., Jr., "The City-Country Equation," November-December 1939. Swett, Frank T., "All the Old Mistakes," November-December 1938. Taylor, Carl C., "The Human Aspects of Land-Use Planning," SeptemberOctober 1938. Craig, G. H., "Canada's Land of Little Rain," March-April 1939. LIVESTOCK PRODUCTION: Saunderson, Mont H., "Room on the Range," July-August 1939. LIVING STANDARDS: Article, Living Standards North and Southwest, January-February 1939. LEGISLATION: Williams, M. C., and Price, H. L., "Law of the Land: 1939," July-August 1939. MARKETING: Crow, William C., "Markets for Southern Farmers," May-June 1939. Waugh, Frederick V., "Trade War in the States," March-April 1939. MECHANIZATION: Review: "Forty Acres and Steel Mules," by H. C. Nixon, March-April 1939. Hamilton, C. Horace, “Steel Mules,” March-April 1939. MIGRATION: Article, "Census Indicates Back-to-the-Farm Movement Continues Undiminished," November-December 1938. Heisig, Carl P., "The Migrants-II. New Farms on Newly Irrigated Land," November-December 1939. Lane, Neil, "The Dust Farmer Goes West," May-June 1938. McEntire, W. Davis, "Migrants and Resettlement in the Pacific Coast States," July-August 1938. McEntire, W. Davis, and Whetten, N. L., "The Migrants-I. Recent Migration to the Pacific Coast, September-October 1939. Stuart, A. W., Review: "Factories in the Field," by Carey McWilliams, September-October 1939. Taylor, Carl C., and Taeuber, Conrad, "Wanted: Population Adjustment, Too," March-April 1939. Tolley, H. R., Review: "The Grapes of Wrath," by John Steinbeck, SeptemberOctober 1939. Wheeler, Helen W., Reviews: "Rural Migration in the United States," by C. E. Lively and Conrad Taeuber; "Migratory Cotton Pickers in Arizona," by Malcolm rown and Orrin Cassmore, November-December 1939. ORGANIZATION: Article, "Bureau of Agricultural Economics Reorganizes Regions," SeptemberOctober 1938. Article, "Extension Service Reorganized," March-April 1939. PLANNING: Article, "Courses in Planning Surveyed," March-April 1939. Article, "Federal Funds for State Planning?" November-December 1938. Bonner, J. Franklin, "Patterns for City and Farm in One County," JanuaryFebruary 1939. Kelso, M. M., "The Ubiquitous City," March-April 1939. Loomis, C. P., "Plans and the Man," September-October 1939. Wells, O. V., "Come Out of the Ivory Tower, Doctor!" March-April 1939. Article, "Land Planning from the Air," March-April 1939. POLITICAL ECONOMY: Walker, Herman, Jr., Review: "An Inquiry Into the Principles of the Good Society," by Walter Lippmann, January-February 1939. POLITICAL SCIENCE: Rush, Donald R., Review: "The Plough and the Sword," by Carl T. Schmidt, May-June 1938. Wells, Oris V., Reviews: "The New Deal in Action, 1933-1938," by Arthur Meier Schlesinger; "America in Midpassage," by Charles A. and Mary R. Beard, November-December 1939. REHABILITATION: Hudgens, R. W., "As the Rope Supports the Hanged," July-August 1939. RELOCATION: Lund, Wendell, “Bought Out by the Government," May-June 1939. Sorden, L. G., "Applying a Plan for Land and People," November-December 1938. Wehrwein, G. S., "Resettlement of Nonconforming Users," September-October 1938. RURAL SOCIOLOGY: Wing, DeWitt C., Review: “Seven Lean Years," by T. J. Woofter, Jr., and Ellen Winston, July-August 1939. RURAL YOUTH: Article, "Surplus of Rural Youth," January-February 1939. SOUTH: Review: "A Southerner Discovers the South," by Jonathan Daniels, March- Johnson, Bert, Review: "After Freedom: A Cultural Study in the Deep South," by Hortense Powdermaker, September-October 1939. TAXATION: Schwartz, Hugo C., "Governmental Tax Immunity-I. The Tax Problem," January-February 1939. Schwartz, Hugo C., "Governmental Tax Immunity-II. What To Do," MayJune 1939. TENANCY: Article, "What the Tenant Farmer Thinks," May-June 1938. Harris, Marshall, Review: "Readjustments of Agricultural Tenure in Ireland," by Elizabeth R. Hooker, January-February 1939. Schickele, Rainer, "An Experiment in Democratic Policy-Making," NovemberDecember 1938. WATER CULTURE: Article, "Plants Without Soil," January-February 1939. WATER PLANNING: Burleigh, Harry P., "Water Planning for Agriculture," July-August 1939. Kenney, F. R., "Water for the West," September-October 1938. Wells, Homer M., "Land and Water in the High Plains," January-February 1939. ZONING: Review: "The Law of Zoning and Planning,” by C. A. and A. H. Rathkopf, July-August 1938. Johnson, V. Webster, Review: "The Master Plan," by Edward M. Bassett, September-October 1938. Walker, Herman, Jr., Review: "Constitutionality of Rural Zoning," by Ralph Wertheimer, July-August 1938. HAT CAN the United States afford to spend for agricultural The development of the implications of this question-entirely apart from periodic debates on appropriations might help advance the progress of recent years in conservational policies and programs. Theoretical aspects of the question, including the conflict of interest, private and public, between the present and the future, long have engaged the attention of economists. From the private standpoint, it has been pointed out that the amount that the farmer or any other operator can afford to spend to conserve his resources-farm land, forest, or any other-is limited by the present value of anticipated returns from the expenditure. If he spends borrowed capital, or his own capital for which he has alternative opportunity of investment, the rate of interest would govern considerations of the present value of future returns. It is sometimes assumed that public expenditures for conservation are subject to the same general principle as those by the individual farmer, that is, the principle of time preference translated into some rate-ofinterest concept. The "present value" of future returns, "computed" No. 2 |