Principles of Political Economy / Abridged with Critical, Bibliographical, and Explanatory Notes, and a Sketch of the History of Political Economy

by John Stuart Mill

136. Give J. S. Mill's analysis of the “cost of production,” and also Professor Cairnes's, with the arguments for and against each.

137. Analyze cost of production. What is its connection with cost of labor?

138. Give an analysis of cost of production of any commodity.

139. Show carefully the distinction between wages, cost of labor, and cost of production.

140. Define clearly value, price, real wages, and cost of production.

141. Define real wages, money wages, cost of labor.

Money.

142. Point out the difference between the scientific and popular conceptions implied in the terms wealth and money.

143. Show the fallacy of confounding capital with money. Can there be a glut of capital?

144. What is money? To what sort of necessity does it owe its existence? What articles have been used for money? Enumerate the qualities which render a commodity fit to serve as money.