All Commentary
Thursday, October 1, 1959

The Surplus Wheat or–Comparative Advantage


Economist at Fayetteville, Arkansas

It was a chilly afternoon At story-telling time.

Old Kaspar shivered in his chair

and gulped his rum-and-lime,

While Peterkin and Wilhelmine

Warmed up the colorvision screen.

They saw a wide and rolling plain

 

Without a house or tree;

And filling all that vast expanse

As far as eye could see

Were countless groups of giant cans

Arranged in circles, squares, or fans.

And swarms of heavy trailer-trucks

 

In every dusty lane

Were standing by the giant cans

Unloading golden grain;

While waiting trucks with heavy loads

Were parked on all adjacent roads.

“Now tell us what it’s all about!”

 

The little children cried.

“It’s Surplus Wheat,” Old Kaspar said

In tones of honest pride;

“We’re filling every desert plain

With shiny cans of costly grain.”

“But what’s the sense in growing more

 

Than we can eat or sell?”

“In times of Economic War,

I’ve heard the Planners tell,

The countries that survive the test

Are those that outproduce the rest.

“Some other countries may excel

 

In population growth,

Or lead the race for bigger bombs,

Or faster cars, or both;

But there’s not one we cannot beat

At filling cans with surplus wheat.”


  • H. P. B. JENKINS, 1902-1963. Following active service in the European Theater during World War II, Dr. Harry Jenkins taught Economics in the College of Business Ad­ministration at the University of Arkansas. Many will best remember him as author of the "Old Kasper" communiques, carried continuously in THE FREEMAN since February 1959.


    Dr. Jenkins was stricken and died while walking home from graduation ceremonies on the campus, January 26, 1963.