6. What is the importance of laws requiring the enforcement of
contracts?

7. Why is there competition?

8. How does competition tend to harmonize the interests of the
individual with those of the community?

9. Why are diamonds high in price? Why is bread low in price?

10. What is the relation of capitalism to economic freedom?

11. What can be said as to the benefits of capitalism?

12. What are the chief defects of capitalism?

13. Outline the existing distribution of wealth.

14. On what two grounds does Professor Taussig account for this
situation?

15. What facts should be borne in mind in attacking the problem of
industrial reform?


REQUIRED READINGS

1. Williamson, _Readings in American Democracy_, chapter x.