Chapter 7. Wealth and its Indirect Uses
1. Give reasons for attributing exchange value to the waves of the ocean; to a waterfall, a water-wheel, a loom, a piece of cloth, a dress made of the cloth.
2. Show the connection between these things.
3. How can the use of a flock of sheep be of value to one who must return them all to the owner?
4. Why should the use of a machine that never can be a direct cause of gratification, have a value that men will pay for?
5. Give examples of wealth never becoming a direct cause of gratification, yet whose possession is greatly valued.
Note.—The conception in this chapter was ably presented by Böhm-Bawerk in Capital and Interest, Bk. III, ch. v, pp. 219-227. He does not, however, make use of it in a theory of rent.