QUESTIONS ON THE TEXT
1. Is it correct to speak of a "capitalistic system"?
2. What is the chief economic function of government?
3. Name the four methods of getting a living. Which will be encouraged by a good government?
4. To what extent is the attitude of a good government toward industry a negative one?
5. What is the relation of government to the institution of private property?
6. What is the importance of laws requiring the enforcement of contracts?
7. Why is there competition?
8. How does competition tend to harmonize the interests of the individual with those of the community?
9. Why are diamonds high in price? Why is bread low in price?
10. What is the relation of capitalism to economic freedom?
11. What can be said as to the benefits of capitalism?
12. What are the chief defects of capitalism?
13. Outline the existing distribution of wealth.
14. On what two grounds does Professor Taussig account for this situation?
15. What facts should be borne in mind in attacking the problem of industrial reform?