By C. Nakajima
Another very important attribute of this booklet lies within the presentation of newly constructed theories of land lease. the writer has attempted to combine the idea of leasehold tenancy (i.e. fastened lease tenancy) and that of percentage tenancy with subjective equilibrium idea of the farm loved ones.
In his foreword, John W. Longworth of the foreign organization of Agricultural Economists says ``From time-to-time a tutorial treatise appears to be like that is actually varied. this can be one such publication. It offers a self-contained normative concept of the farm family that is even more than simply a sublime improvement of Hicksian and Marshallian principles. Professor Nakajima introduces new recommendations and develops an easy version of the farm family. He then extends this version in a number of how you can research the subjective equilibrium of farm families below a variety of monetary situations. The exposition is obvious and common sense with each one step within the argument defined intimately utilizing either rigorous mathematical notation and straightforward to stick with diagrams... With this ebook Nakajima is making his Life's paintings on hand to non-Japanese Agricultural Economists. The foreign career of Agricultural Economics should be richer for it.''
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Subjective Equilibrium Theory of the Farm Household (Developments in Agricultural Economics) by C. Nakajima