Write Your Own Political Economy Exercises for Colleges High Schools And Inde

W G Langworthy William George Langworthy Taylor

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e. G. , can the bondholder get more than the capital will earn when put into the form of a locomotive or railroad track (barring, of course, cases of loss from miscalculation in industrial technique or from disaster) ?
(g) Can loaners of money on farm mortgages in the long run get more than the farmers produce? If less, how much less? Can they gain more, in the long run, than purchasers of stock or railway bonds?
(h) Can the same capital be as easily loaned to a farmer as to a railroad?
(i) Can... there be one rate of interest (apart from risk) on farm loans and another on railroad loans?
(j) State the principles regulating the rate and justice of interest.
REFERENCES Marshall: bk. Ill, ch. V; bk. VI, ch. I, sec. 9, ch. VI.
Mill: pp. 217, 221.
Hadley: sees. 299-313.
Boehm-Bawerk: bk. VI, ch. VI; bk. VII, ch. I.
Jevons: ch. VII.
Walker: part IV, ch. III.
Davenport: sees. 109-119; Elements, ch. VIII.
74 EXERCISES IN ECONOMICS TOPIC XVIII WHEN DOES A CORN SPECULATOR GAIN AT THE EXPENSE OF OTHER PEOPLE?

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