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It's a wonder that the human race has not yet starved itself to death on the theory that the financial return on other endeavors was much better than that in food production.

Hey, Grandma Moses started late!
by LEP on Tue Jun 19th, 2007 at 10:34:33 AM EST
It's not theory but a practical consequence of improvements in the productivity of agricultural labour. Or a consequence of agriculture itself.

Can the last politician to go out the revolving door please turn the lights off?
by Migeru (migeru at eurotrib dot com) on Tue Jun 19th, 2007 at 11:04:47 AM EST
[ Parent ]
Excellent question.

As a matter of fact, returns on food become higher than on financial assets in times of famines, thus ensuring investment in food production (or hoarding via pillaging). of course, there is the small matter that these investments take time to be brought to market...

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Tue Jun 19th, 2007 at 05:22:07 PM EST
[ Parent ]
And are very likely to be unsecured property in times of trouble :).
by Laurent GUERBY on Tue Jun 19th, 2007 at 06:21:19 PM EST
[ Parent ]


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