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CHAPTER 2
ECONOMIC TOOLS AND ECONOMIC SYSTEMS
INTRODUCTION
This chapter emphasizes key ideas in economic analysis, such as opportunity cost, the production
possibilities frontier, absolute and comparative advantage, the division of labor and the gains from
specialization, and how economic systems answer the three economic questions of what, how, and
for whom. All these ideas address the economic problem of how to allocate scarce resources among
unlimited wants. The use of graphs was introduced in the Appendix to Chapter 1. In this chapter,
graphs are integrated into the discussion.
CHAPTER OUTLINE
B. Opportunity Cost Is Subjective (Slide 5): Only the individual making the choice can
identify the most attractive alternative. Calculating opportunity cost requires time,
information, and the assumption that people rationally choose the most valued alternative.
C. Sunk Cost and Choice (Slide 6)
Sunk cost: A cost that has already been incurred and cannot be recovered.
Economic decision makers should ignore sunk costs and consider only those costs that
are affected by the choice.
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© 2013 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as
permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use.
Chapter 2 Economic Tools and Economic Systems 17
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as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for class-
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these objects prove the existence of man, and that we now count by the
thousand articles made by him during the geological period preceding
our own.
Without being nearly so abundant, the remains of man himself have
been discovered in every part of the quaternary formation. Although
several European states have contributed towards this mass of
discoveries, by far the greater number occurred in France and Belgium.
I cannot here enter into details, some of which will be more
advantageously discussed in another part of the book. I will only mention
the cave of Cro-Magnon, which was discovered by the railway engineers
in 1860, not far from the station of Les Eyzies, and which has given us
the type of one of the best characterized fossil races. Nor can I pass over
in silence the successful and laborious researches made by M. Martin
from 1867 to 1873 in the quarries near Paris, the results of which enabled
M. Hamy to fix the succession of types in our immediate neighbourhood.
Lastly, I would allude to the investigations of M. Dupont in the valley of
the Lesse. Commenced in 1864, and continued during seven years with
an unequalled activity, they have presented to the Museum at Brussels
about 80,000 worked flints, 40,000 bones of animals, now all named, the
crania of Furfooz, and twenty-one jaws, including the now celebrated
jaw of Naulette.
It is not only in Europe that the existence of fossil man has been
proved. Even in 1844 Lund had announced that he had found in certain
caverns in Brazil human bones associated with remains of extinct
animals. He afterwards withdrew his statement, doubtless owing to the
distrust with which every announcement of this kind was received. But
his observations, which, unfortunately, were never published in detail,
were probably correct. In 1867 M. W. Blake announced to the Congress
of Paris that in the auriferous deposits of California, and especially near
the village of Sonora, weapons, instruments, and even stone ornaments
were frequently found associated with the bones of the mammoth and the
mastodon. Dr. Snell, who lives in this locality, possesses a large and rich
collection of them. Dr. Wilson published some facts of the same nature in
1865.
V. It became necessary, in order to prevent our being lost amidst these
riches of every description, to distribute them in a methodical manner,
and arrange them in order of time. The universal preponderance of
weapons, tools, sculpture, drawings, etc., has led archæologists to
propose different classifications essentially founded upon the difference
of the types presented by these articles, and upon the material from
which they were made. The classification which M. de Mortillet has
applied to the Museum of St. Germain is of this kind. But such
classifications, though very convenient for the arrangement of a public
collection, have the inconvenience of being rather artificial. The
naturalist and the anthropologist ought to give the preference to
palæontological or geological data.
Lartet preferred the former. He connected the division of quaternary
times with the predominance and extinction of the great mammalia. The
cave-bear, which was the first to disappear, he employed to mark the
most ancient period; the mammoth and the tichorhine rhinoceros, which
survived it, characterised the second; the reindeer and the aurochs have
served to mark the third and fourth.
This classification has the inconvenience of being purely local, since
the disappearance of quaternary species did not take place everywhere at
the same time, and was not general. In reality the age of the reindeer still
continues in Lapland, and that of the aurochs is prolonged, a little
artificially it is true, in the forests of Lithuania. But Lartet’s method
connects human groups with animal types; it characterises the epochs by
an event palæontologically important; it preserves the relation between
the succession of periods and biological events; it offers, therefore,
serious advantages if taken for what it is. This was very clearly
understood by the eminent author of the theory; he has only applied it to
France.
Since M. Lartet made his splendid investigations, fresh facts have
come to light, and, as it often happens, distinctions, which at first were
apparently most pronounced, have now been partly effaced. Therefore
M. Dupont has proposed to reduce to two the four ages of Lartet, which
is perhaps excessive even for Belgium. M. Hamy, again, has admitted
three ages as corresponding to the mean and new river levels of M.
Belgrand. This division of quaternary times has the advantage of being
connected with geological phenomena; it at least partly loses the too
exclusively local character, and it ought for this reason to be preferred.
Let us, nevertheless, consider the subject for a moment from Lartet’s
point of view, which permits of an interesting comparison. We have seen
in Denmark the succession of three vegetable species; the beech, the oak,
and the pine bring us to the commencement of the present modern epoch.
In France the successive disappearance of four animal species, the cave-
bear, mammoth, reindeer, and aurochs, which at first were
contemporaneous on our soil, characterises so many epochs which
embrace the whole quaternary period. Man has been contemporaneous
with them all; he made use of their flesh for food, and has left
representations of them in sculpture and drawings.
VI. Can we go further and find traces of man even in tertiary times?
Falconer, the celebrated English palæontologist, prematurely lost to
science, did not hesitate to reply in the affirmative. But he only expected
to find tertiary man in India, and M. Desnoyers has discovered him in
France.
It was in 1863, in the gravel-pit of Saint-Prest, near Chartres, that M.
Desnoyers himself found a tibia of rhinoceros bearing marks of incision
and grooves similar to those which had been so often noticed in the
bones of bears and reindeer eaten by quaternary man. A careful
comparison and numerous facts of the same nature, shown in different
collections, authorised him to announce that man might be traced beyond
the glacial epoch, and had lived in pliocene times.
But M. Desnoyers only brought forward proofs of a single kind, and
such as are not appreciated at their full value until we are used to them.
Thus his work was at first received with a certain amount of distrust. He
was asked to produce, if not pliocene man himself, at least some objects
of his industry, and, in particular, the weapons which would enable him
to attack, and the knives with which he could cut up the elephant and
rhinoceros, or the great deer, whose bones all bear the marks of more or
less deep incision which he attributes to man. M. l’Abbé Bourgeois soon
replied to these demands, and in the presence of the worked flints which
he placed before competent judges, all doubt disappeared.
Unfortunately, the gravel of Saint-Prest is considered by a sufficient
number of geologists to belong rather to quaternary deposits, which are
more recent than undoubted tertiary formations. It ought probably to be
placed in the period of transition which separates two distinct epochs.
Perhaps it is contemporaneous with the deposit of the Victoria cave in
Yorkshire, from which Tiddeman extracted a human fibula, and which
this naturalist regarded as having been formed a little before the great
glacial cold. In short, the discoveries of MM. Desnoyers and Tiddeman
take back the existence of man to the confines of the tertiary period.
The discoveries in Italy take us still further. On different occasions,
and since 1863, some Italian savants thought that they had discovered in
undoubted pliocene deposits traces of human industry, and even human
bones. These results were, however, for different reasons successively
doubted and rejected by the most competent judges.
But M. Capellini has just discovered, in 1876, clearer proofs of man’s
existence in pliocene times in the clay deposits of Monte Aperto, near
Sienne, and in two other places. The eminent professor of Bologna has
found in these localities, the age of which is not contested, bones of the
balœnotus bearing numerous deep incisions, which it seems to me could
only have been produced by the action of a cutting instrument. In some
cases the bone has been broken off upon one of the faces of incision,
whilst the other is smooth and sharply defined. Judging from woodcuts
and casts, it is impossible to avoid admitting that the cuts have been
made upon fresh bones. These incisions differ entirely from those found
upon the bones of halitherium found in the miocene falunian strata of
Pouancé. I have always thought it impossible to attribute the latter to
man, as decidedly as I think those which we are now discussing ought to
be attributed to his agency. The existence of pliocene man in Tuscany is,
then, in my opinion, an acquired scientific fact. Nevertheless, I should
admit that this conclusion is not yet unanimously accepted, and that it is
disputed by M. Magitot, among others, who relies upon his own
experience.
VII. The researches of M. l’Abbé Bourgeois take us still further back.
This practised and persevering observer has discovered in the department
of Loir-et-Cher, in the Commune of Thénay, flints, the shape of which he
thinks can only be attributed to man. Now geologists are unanimous in
considering these deposits as miocene, belonging to the mean tertiary
age.
But the flints of Thénay, generally of small size, are almost all very
roughly shaped, and many palæontologists and archæologists have
considered the fractures to be due to nothing more than accidental blows.
In 1872, at the Congress of Brussels, the question was submitted to a
commission of the most competent men of Germany, England, France,
Belgium, and Italy, and the judges disagreed. Some accepted and some
rejected all the flints exhibited by M. l’Abbé Bourgeois. Some
considered that a small number only could be attributed to human
industry. Others, again, thought it right to reserve their judgment and to
wait for fresh facts.
I joined the ranks of the latter. But since then fresh specimens
discovered by M. l’Abbé Bourgeois have removed my last doubts. A
small knife or scraper, among others, which shows a fine regular finish,
can, in my opinion, only have been shaped by man. Nevertheless, I do
not blame those of my colleagues who deny or still doubt. In such a
matter there is no very great urgency, and doubtless the existence of
miocene man will be proved, as that of glacial and pliocene man has
been—by facts.
VIII. Thus, man was most certainly in existence during the quaternary
epoch and during the transition age to which the gravels of Saint-Prest
and the deposits of the Victoria cave belong. He has, in all probability,
seen miocene times, and consequently the entire pliocene epoch. Are
there any reasons for believing that his traces will be found further back
still? Is the date of his appearance necessarily connected with any epoch?
For an answer to these questions I only see a single order of facts to
which we can apply.
We know that, as far as his body is concerned, man is a mammal, and
nothing more. The conditions of existence which are sufficient for these
animals ought to have been sufficient for him also; where they lived, he
could live. He may then have been contemporaneous with the earliest
mammalia, and go back as far as the secondary period.
Palæontologists of high merit shrink from this proposition. They do
not admit even the possibility of the existence of man in miocene times.
All the mammalian fauna of this period have, they say, disappeared; how
should man alone have resisted against causes which were sufficiently
powerful to cause a complete renewal of all the beings with which he
was most nearly connected?
I recognise the force of the objection; but I also take into account
human intelligence, which they seem to forget. It is evidently owing to
this intelligence that the man of Saint-Prest, of the Victoria cave, and of
Monte Aperto has been able to survive two great geological epochs. He
protected himself against cold by fire, and so survived till the return of a
more genial temperature. Is it not possible, therefore, to imagine that
man of an earlier period should have found in his industry the necessary
resources for struggling against the conditions which the transition from
the later secondary times to the earlier tertiary must have imposed upon
him.
In fact, the most careful judges acknowledge that man has seen the
accomplishments of one of the great changes on the surface of the globe.
He has lived in one of the geological epochs to which he was but lately
thought to be a complete stranger; he has been contemporary with
species of mammalia which have not even seen the commencement of
the present epoch. There is then nothing impossible in the idea that he
should have survived other species of the same class, or have witnessed
other geological revolutions, or have appeared upon the globe with the
first representatives of the type to which he belongs by his organisation.
But this is a question to be proved by facts. Before we can even
suppose it to be so, we must wait for information from observation.
BOOK IV.
ORIGINAL LOCALISATION OF THE HUMAN SPECIES.
CHAPTER XIV.