Lesson 5: Wealth, Capital and Privilege
Please read Part II, Chapters 11 - 16

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1. Why was it necessary to fix the meaning of the term "value" before the definition of "wealth" could be properly understood?   (Part II, Chapter 11) 

2. What is the essential character of wealth?   (Part II, Chapter 12) 

3. What is the relationship of wealth and service?   (Part II, Chapter 12) 

4. a) What is the meaning of capital in political economy?   (Part II, Chapter 13) 

    b) What are some different senses in which the word "capital" is used in ordinary speech?   (Part II, Chapter 13) 

5. Are things whose value arises from obligation part of capital? Why is this important to the study of political economy?   (Part II, Chapter 13) 

6. What are George's definitions of "rich" and "poor"?   (Part II, Chapter 15) 

7. Why are values arising from obligation generally more enduring than those arising from production?   (Part II, Chapter 16) 

8. To what privilege has the quality of value attached more constantly than to any other valuable thing?   (Part II, Chapter 16) 

9. Why is it that the value of articles of wealth tends to decrease, while the value of privileges tends to increase with social advance?   (Part II, Chapter 16)