Increasing World Food Supplies Through Greater Crop Production
By the intelligent and widespread use of fertilizers along with other improvements in farming methods, food production in the underdeveloped countries could be expanded for a long time to come at a faster rate than that at which populations are likely to rise. No new discoveries are required, but governments must be prepared to spend much money and effort on development work, particularly in the provision of adequate advisory services.
Field Experiment Programmes
It frequently happens that an agricultural treatment of great potential benefit to a nation is not generally adopted because steps were not taken to obtain the information needed to make sound recommendations to farmers. Only field experiments on a large scale can provide this. Experience with fertilizers shows that few countries lack the resources for this work, and the total cost is negligible in comparison with the national gains.
The Use of Qualitative Information in Macro-Economic Policy Analysis
The majority of macro-economic policy models takes for granted that conflicts among objectives can be assessed by means of a tradeoff analysis. Such tradeoffs imply that sacrifices and benefits of various impacts of decisions can be measured on a cardinal scale, so that a conventional macro-economic utility or welfare analysis can be applied.