ABSTRACT
This conclusion presents some closing thoughts on the concepts covered in the preceding chapters of this book. The book focuses on the partial equilibrium relationship between the value of the marginal productivity of labor on farms of different size and the wage rate for farm labor. It shows that at least labor intensity was not consistently negatively correlated with capital intensity: The overall relationship may have varied from locality to locality, depending in part on the relative importance of different types of capital services, but seems to people to have been slightly positive on the average. The book argues that the inferior quality of hired labor would lead larger (hiring) farms to keep labor intensity below the levels which estimated marginal productivity per laborer would seem to warrant. It explores some clear correlation between measures of the risk of agricultural calamity and the geographical incidence of the sharecropping system.
