show the bearing of the principle involved on the doctrine of “general
- Prove that the increase of capital and the extension of industry can not lead to a general over-production of commodities.
- What is the error of those who believe in the danger of over-production?
- Distinguish “excess of supply” from a “commercial crisis.”
- Give the substance of Mill's examination of the theories of excess of supply.
- “When production is fully equal to consumption, every discovery in the arts, or in mechanics, is a calamity, because it only adds to [pg 650] the enjoyment of consumers the opportunity of obtaining commodities at a cheaper rate, while it deprives the producers of even life itself.” Discuss this opinion of Sismondi.
- Explain the difference in the theories of Dr. Chalmers and Mr. Mill on over-production, and the excess of supply.
Peculiar Cases of Value.
- It costs as much to produce straw as to produce grain; how, then, do you explain the comparatively low value of straw?
- Suppose a considerable rise in the price of wool to be foreseen, how should farmers expect the prices of mutton to be affected, and why?
- Explain the operation of the laws of value by which the relative prices of wool and mutton are regulated.
International Trade and Values.
- What is the meaning of