Outlines And Questions On the Principles of Economics

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(3) Materials.
PRINCIPLES OF ECONOMirs.
35 Qide's Division.
1. Productive — that which really serves to produce new wealth.
2. Lucrative — that which merel}' yields an income to its owner.
Capital involves two fundamental concepts.
1. Productiveness. 2. Prospectiveness.
Increase of Capital Depends on 1 . The amount which can be saved.
2. The disposition to save.
Law of increase of Capital illustrated (LaughJin).
1. The amount of surplus wealth over necessaries.
1. In unhealthy climates and occu
...pations.
2. "Where there is little s z. ±ue streno;iu , , I - ° law or order.
3. Because of no proper estimate of future good in comparison with present sacri- fices.
-t. Because of want of interest in others.
Labor and Capital Belated to Cost of Production.
(a). Duration of sacrifice.
Increase of Capital depends 2. The strength of the desire to save which is less 1. Ivabor.

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