Chapter 43. Survey of the Theory of Value

1. Mention any cases you can think of where merely changing the place of things added to their value; or changing their form; or where the mere lapse of time added to the value of the thing.

2. What effect on wages and interest does the bringing in of foreign capital have?

3. If, through greater efficiency of labor, wealth increases, which share benefits?

4. What would be the effect on wages, interest, and land rent of a sudden addition of rich land to the country?

5. What would be the effect on interest, land rent, and wages of a great increase of national saving?

6. What concern have the poor in the abundance of capital? The rich in the abundance of labor?

7. Walker says that the laborer gets what is left after the other shares are deducted according to their law; wages are the residual claimant. Are the other shares independent of wages?

8. Can wage-earners be shut out from all advantages in the land of the country?

9. Are high wages and high interest seen to go together? Give such examples as you think of.

10. Do improvements in agriculture increase or decrease the rent of land?