Economics

These, then, are the evils that crush estates far more than sheer lack of knowledge. For the outgoing expenses of the estate are not a penny less; but the work done is insufficient to show a profit on the expenditure; after that there’s no need to wonder if the expected surplus is converted into a loss.

On the other hand, to a careful man, who works strenuously at agriculture, no business gives quicker returns than farming. My father taught me that and proved it by his own practice. For he never allowed me to buy a piece of land that was well farmed; but pressed me to buy any that was uncultivated and unplanted owing to the owner’s neglect or incapacity.

Well farmed land, he would say, costs a large sum and can’t be improved; and he held that where there is no room for improvement there is not much pleasure to be got from the land: landed estate and livestock must be continually coming on to give the fullest measure of satisfaction. Now nothing improves more than a farm that is being transformed from a wilderness into fruitful fields.

I assure you, Socrates, that we have often added a hundredfold to the value of a farm. There is so much money in this idea, Socrates, and it is so easy to learn, that no sooner have you heard of it from me than you know as much as I do, and can go home and teach it to someone else, if you like.

Moreover, my father did not get his knowledge of it at secondhand, nor did he discover it by much thought; but he would say that, thanks to his love of husbandry and hard work, he had coveted a farm of this sort in order that he might have something to do, and combine profit with pleasure.

For I assure you, Socrates, no Athenian, I believe, had such a strong natural love of agriculture as my father.Now on hearing this I asked, Did your father keep all the farms that he cultivated, Ischomachus, or did he sell when he could get a good price?He sold, of course, answered Ischomachus, but, you see, owing to his industrious habits, he would promptly buy another that was out of cultivation.

You mean, Ischomachus, that your father really loved agriculture as intensely as merchants love corn. So deep is their love of corn that on receiving reports that it is abundant anywhere, merchants will voyage in quest of it: they will cross the Aegean, the Euxine, the Sicilian sea;

and when they have got as much as possible, they carry it over the sea, and they actually stow it in the very ship in which they sail themselves. And when they want money, they don’t throw the corn away anywhere at haphazard, but they carry it to the place where they hear that corn is most valued and the people prize it most highly, and deliver it to them there. Yes, your father’s love of agriculture seems to be something like that.

You’re joking, Socrates, rejoined Ischomachus; but I hold that a man has a no less genuine love of building who sells his houses as soon as they are finished and proceeds to build others. Of course; and I declare, Ischomachus, on my oath that I believe you, that all men naturally love whatever they think will bring them profit.