Lessons On Political Economy: Designed As a Basis for Instruction in That Science in Schools And Colleges

Cover Lessons On Political Economy: Designed As a Basis for Instruction in That Science in Schools And Colleges
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What is the most natural unit of measure in determining the value of articles ? What do other kinds of labor require ?
What must be required in such kinds of labor ? What of edu- cated labor?
5. Under what influence will the value of articles vary?
What determines the supply and demand ? What constitutes the demand for articles and labor ? What, then, if the supply is disproportionate to the demand? Why should the price rise when the demand is excessive ? Why fall when the sup- ply is excessive
... ?
6. Wliy can no article long remain at a relatively higher price than others in proportion to its cost ? What is the effect of greater profits in any kind of business ? Give the illustra- tion. When alone can the price of an article long remain above the cost of production ?
7. What are always operating? What is the effect of sa- gacity on profits ? Wliat does it anticipate ? What does it discover ? What advantage does it give ? Give the illustra- tions. What is said of great and rare capacities ?


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