|1.||The function of the capitalist as such needs to be distinguished carefully from that of the director of industry, who in that capacity is a producer.|
|2.||The inheritance of capital perpetuates class distinctions and gives rise to a group of capitalists who have no directive functions.|
|3.||Leisure is necessary for the development and continuation of civilization and culture. Before the time of machine production leisure was possible only to a few. Now it could become possible for all.|
|4.||Servants and retainers of the rich are socially unproductive workers, and a burden on society.|
|5.||Luxury involves social loss, and the diversion of labor from occupations which are socially productive.|
|1.||Explain the attitude of the Socialist toward the "Captain of Industry."|
|2.||Why distinguish between the inheritance of capital and the inheritance of such personal property as jewelry and paintings?|
|3.||If a leisure class was socially advantageous in the Middle Ages, why is it not so now?|
|4.||Discuss the social effect of frequent changes in fashion.|
|5.||Make a list of occupations which would be regarded by Socialists as socially unproductive.|
|6.||What is the fallacy in the expression, "Spending money makes trade good"?|
|7.||How may great wealth bring about degeneracy?|
Ely R. T., and Wicker G. R., Elementary Principles of Economics, Ch. IV.
George Henry, The Menace of Privilege.
Veblen Thorstein, The Theory of the Leisure Class.