1. Why is it so important to clearly define "wealth"?           | Text |

2. In political economy it is critically important to distinguish between           | Text |

a. production and distribution.
b. the economy of individuals and that of the community.
c. bourgeoisie and proletariat.
d. agrarian and industrial modes of production.

3. How does the acceptance of an error lead to baffling complexity in a philosophical system?           | Text |

4. How did the existence of slavery complicate and hinder the development of a consistent definition of wealth?           | Text |

5. How can society's wealth be increased?           | Text |

6. What was the essential error in the Physiocrats' analysis of political economy?           | Text |

7. According to George, how was the French Physiocrats' position on free trade more advanced than that of Adam Smith?           | Text |

8. According to George, why was Adam Smith's work was more influential than that of Francois Quesnay?           | Text |

9. What does George cite as the most important reason why 19th century political economy failed to develop a coherent theory?           | Text |

10. Why did the popularity of Progress and Poverty cause a "breakdown" of scholastic political economy?           | Text |

11. Give some examples of: a) things with high use value but little exchange value.           | Text |

b) things with high exchange value but little use value.

12. With which kind of value is political economy concerned?           | Text |

13. What is the real source and natural measure of all value?

14. What is the only mechanism for determining value?           | Text |

15. How can value be created, where there was none before?            | Text |