Essentials of economic theory, as applied to modern problems of industry and public policy . ents the com-parative densityof population isof course slowlychanging positionas migration goeson from the oldercenters of popula-tion to more newly occupied regions. If the presentdistribution of population be represented by the linenumbered 1, the distribution a hundred years hencemay be represented by the dotted line numbered 2,and that which will exist after five hundred yearsshall have passed may be represented by the dottedline numbered 3. Even within the economic centerthe comparative density of
Essentials of economic theory, as applied to modern problems of industry and public policy . ents the com-parative densityof population isof course slowlychanging positionas migration goeson from the oldercenters of popula-tion to more newly occupied regions. If the presentdistribution of population be represented by the linenumbered 1, the distribution a hundred years hencemay be represented by the dotted line numbered 2,and that which will exist after five hundred yearsshall have passed may be represented by the dottedline numbered 3. Even within the economic centerthe comparative density of population in differentdivisions is therefore not to be treated as strictly * The law of the distribution of occupations over the arearepresented by the diagram would, if it were more fully de-veloped, present an amplification of the law of InternationalTrade stated in Mills Political Economy, according to whichcountries naturally produce, not only the things for the mak-ing of which they have the greatest absolute advantage, butthose for which they have the greatest relative THE LIMITS OF AN ECONOMIC SOCIETY 227 permanent, and it is not to be treated as in any sensepermanent when we are forecasting effects that willbe realized several centuries hence. For a probleminvolving a score or two of years the general conditionswe have described may be treated as, in the main,abiding/ ^ The reason for confining attention to the central zone ispartly, as we have stated, because here only do we get a quickresponse to an economic influence. Overproduction of anyarticle quickly lowers the value of it throughout the area,and a mass of unemployed laborers affects wages throughoutthe area more speedily than it does in the great environingzone. This, however, is only one reason for this limitation of thescope of our immediate study. A serious fact is that, if weinclude the entire world, we cannot establish, in the way wehave proposed, the natural standards toward which values,wage
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