The Efficiency of Credit
Bibliographic Data
| ID | 9765982 |
|---|---|
| Authors | O M W Sprague (Harvard University, corresponding author) |
| Year | 1922 |
| Volume | 99 |
| Issue | 1 |
| Pages | 218-221 |
| Publication date | 1922-01-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Annals of the American Academy of Political and Social Science (JOURNAL) |
| Journal identifiers | ISSN: 0002-7162 • E-ISSN: 1552-3349 |
| Publisher | SAGE Publications (PUBLISHER • US) |
| DOI | 10.1177/000271622209900131 |
| OpenAlex | W1972654977 |
| Language | EN |
credit in the other to every part of the territory to be served. And then, to secure good results, judgment must needs be exercised in both cases. Unintelligent and lavish use of the water will be harmful to the crops and may exhaust the most abundant sources of supply. Similarly with credit, unrestrained use has an unfavorable effect upon industrial output, stimulates a rank growth of speculation and is the principal cause of extreme fluctuations in the general level of prices. Irrigation experience also teaches that extensions and improvements in one direction may be wasteful and even positively hazardous unless they are accompanied by balancing developments in other directions. This essen
| Highly cited | No |
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