On Neutralization of the Effect of Physical Differences in Mining through the use of a System of Prices

Proposals basing mineral prices on the worst mining concitions combined with the levying of differential rents for mineral lands are opposed as inconsistent with socialist economics. Instead it is proposed that the physical factor in mining be neutralized by a system of flexible multi-stage prices in which the cost of differences in physical operating conditions among producers would be absorbed by the industry, and all producers would be placed under equal economic conditions.