Capital.
11. Explain fully what you understand by capital, and what function it discharges in production. Consider whether or not the following ought to be included in capital: (1) the original and acquired powers of the laborer, (2) the original properties of the soil, (3) improvements on land, (4) credit, (5) unsold stock in the hands of a merchant, (6) articles purchased but still in the consumer's hands.
12. Does a national loan add to the capital of a country?
13. Inquire how far, or in what cases, or in what sense, it may be said that a common dwelling-house, an hotel, a school-house, a police-station, a theatre, and a fortification, constitute part of the capital of the country.
14. Discuss carefully the question whether money lying in a bank (or corn lying in a granary) is always capital, or whether its economic nature depends upon the intentions of the owner.
15. Are railway-shares, stocks of wine, wheat, munitions of war, and land, to be considered capital, or not?
16. Explain fully whether you consider that United States bonds are capital or not.
17. Is an investment in government funds capital, or not? Give your reasons.
18. In what manner does a large expenditure for military purposes affect the operations of capital and labor?
19. Distinguish between wealth and capital. Show that there is no assignable limit to the employment of capital in bettering the condition of the members of a community.