7. Are there different economic terms for hewn and unhewn blocks of stone? What makes the difference?
Note.—A meritorious though fragmentary essay to rethink the old conception of natural resources and to express them in new terms, is Natural Economy, by A. H. Gibson, 1901, reviewed by the writer in Journal of Political Economy, March, 1902.
Chapter 19. Saving and Production as Affected by the Rate of Interest
1. The savings of the people of the United States are nearly a billion dollars a year. What and where are they?
2. What are the main social conditions necessary to saving?
3. What influence has commercial morality on saving?
4. Do savings-banks and insurance companies stimulate saving, or do they exist because of a disposition to save?
5. What influence has the formation of joint-stock companies on saving?
6. Will you save more or less if the rate of interest falls?
7. Distinguish between hoarding and saving.