Rural Wealth and Welfare: Economic Principles Illustrated and Applied in Farm Life

"Rural Wealth and Welfare: Economic Principles Illustrated and Applied in Farm Life" by Geo. T. Fairchild is a study of economics aimed at farmers and rural communities in the late 1800s. It dives into crucial economic ideas, making them understandable for people living in the countryside, who were usually ignored by other books about economics. The author stresses the importance of wealth and well-being while taking a close look at how farming and good economic practices relate to each other. The book kicks off with a message for students of agriculture and a preface explaining that its goal is to explain economic ideas in a way that makes sense for rural readers, who may have been left out of mainstream economic thought. The author highlights the need to grasp wealth in connection to the good of the community, bringing up important topics like health, knowledge, morals, and farming's role in creating wealth. Understanding these economic ideas becomes a must for farmers and their families, especially with a growing global market. The book starts by saying that studying wealth should be about gathering, sharing, and using it, specifically within the context of rural living.