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.
8. A woman cut the wool from a sheep's back, spun and wove it by old
hand-methods, and within twenty-four hours wore the dress made of it. Is
more or less time needed in production with the best machinery and
processes?
9. Ricardo said that on account of the cheapness of food in America
there was less temptation to employ machines than in England, where food
was high. What is the fact about this temptation in America?
NOTE.--The older abstinence theory of interest is given by
F. A. Walker, _Political Economy_, Secs. 87-93. A
noteworthy advance was the able article, by T. N. Carver,
in _Quarterly Journal of Economics_, Vol. VIII, p. 40
(1893), "The Place of Abstinence in the Theory of
Interest." A number of writers have written (fallaciously,
in our judgment) on the "fallacy of saving," arguing that
the capital-market easily becomes glutted; the contrary
view is well presented by Cassel, _The Nature and Necessity
of Interest_ (1903), pp. 96-157, in chapters on what he
calls "The Demand for Waiting," and "The Supply of
Waiting."