CHAPTER 30. COST OF PRODUCTION

1. What is the cost of a good you have made entirely with your own

labor?

2. What is the difference to the employer between rent, interest, and

wages as items of cost?

3. Is there anything in common between "cost, the onerous exertion

necessary to get goods," and cost as the money expenses of production?

4. Why does a merchant engage in one business rather than in another?

5. When prices fall, what determines which factories shall close, and

which workmen shall be discharged?

6. Does the value of a product conform to the capital that has been put

into it.

NOTE.--For a fuller treatment of the more recent view of

the subject, see Smart, pp. 64-83; Wieser, _Natural Value_,

pp. 171-214; Böhm-Bawerk, _Positive Theory of Capital_, pp.

179-189, 223-234. The defects of such revisions as that

attempted by Alfred Marshall are pointed out in _Quarterly

Journal of Economics_, Vol. XV, pp. 432-452, article "The

Passing of the Old Rent Concept."

The Principles of Economics, with Applications to Practical Problems · 第 30 / 57 章