The Elements of Political Economy

Cover The Elements of Political Economy
The Elements of Political Economy
Laughlin, J[ames] Laurence, 1850- [from Old Catalog]
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7. Since the metallic money of the world is far less than the value of goods in existence, how is it that any man having goods can get money, and so create a demand ?
Compare the case of a general commanding a hundred thousand men, on approaching a pass in the mountains through which only four men can walk abreast, and who is alarmed because all his men can not go through the defile at the same moment. The hundred thousand men, however, all get through the narrow pass. Are all goods offered for
... money at once ?
8. Why is it that, in good fruit years, apples are cheaper than in other years ?
9. If hearses were to fall in price, would there be an in- creased demand for them ? Would it be the same if woolen goods and flannels were to fall in price ? When but a few of a thing are desired, does a fall in price affect the de- mand as much as when the article is in common use ?
10. What is the difference between a buyer and a pro- ducer ? Can a producer be a buyer if he has not sold his commodity for money ?


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