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The Pamphlet Collection of Sir Robert Stout: Volume 50

University of New Zealand. — Political Science. — Paper b. Political Economy

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University of New Zealand.

Political Science.

Paper b. Political Economy.

1.Is Political Economy a science or an art, and what is its method? Answer with reference to the treatment adopted by Adam Smith, Ricardo, and Cliffe Leslie respectively.
2.What are the chief differences between money and other forms of wealth? How far do these differences account for or excuse the doctrines of the Mercantilists?
3.Mill analyses profit into insurance, interest, and wages of management. Discuss the completeness and convenience of this analysis. Which of these various elements is tending towards a minimum, and to what causes is this tendency due?
4.Explain carefully the conditions of English Agriculture at the time when Ricardo formulated his theory of Rent. Restate that theory so as to apply to house property.
5.Discuss fully the advantages and disadvantages of raising money for national emergencies by taxation within the year, or by loans for long or short periods.page 2
6.Investigate the economic reasons which helped to determine the colonial policy of different nations, ancient and modern.
7.Examine the immediate and ultimate effects of the introduction of machinery in the textile trades on the rates of wages, the intensity of labour, and continuity of employment.
8.Discuss the probability of an appreciation of gold. Supposing it occurred, how would it tend to affect the opportunities of employment and the real wages of the working classes?
9.Show carefully in what ways the raising of the Bank Rate tends to affect the exchanges between England and other countries, and the amount of the reserve in the Bank of England.
10.Distinguish Socialism and Communism, and discuss how far any recent legislation in England can be properly described as socialistic or as communistic.