REFERENCES 243 



16. Give in detail the experience of Brazil in valorizing coffee, and show what 



principles of price making are here involved. 



17. Define price, and distinguish from value. Define utility; marginal utility. 



18. Show relation of price to cost of production; to utility; to demand; to 



supply; to marginal utility. 



19. Compare price fixing by governmental agencies and by collective bargain- 



ing. Which is preferable? 



20. What are the arguments advanced by Swift and Company against the 



cost-of-production theory in fixing prices for cattle? 



21. Show some of the difficulties met in price control during the war by 



Germany. 



QUESTIONS SUGGESTED BY THE TEXT 



1. Give an account of a case of collective bargaining in agriculture in your 



State. 



2. What is the legal status of collective bargaining? Give an account of some 



court proceedings wherein the legality of collective bargaining in agri- 

 culture has been called in question. 



3. To what extent is it true that manufacturers fix the price at which their 



goods are sold? 



4. What is the truth of this complaint recently published in a farm paper: 



"The farmer is the only person on earth having no voice in fixing the 

 price of his own products"? 



5. To what extent do laborers name their own wages? 



REFERENCES 



1. POPE, J. E.: "Can the Farmer Realize Higher Prices for His Crops 

 by Holding Them?" Quarterly Journal of Economics, Vol. 30, pp. 805-831. 



2. Yearbook of Agriculture, "Causes Affecting Farm Values," 1905, pp. 

 511-533; also, "Agricultural Production and Prices," 1897, pp. 577-607, 

 Washington, 1905 and 1897. 



3. "Industrial Commission Report," Vol. 10, p. CCLXXXVII; also Vol. 

 19, pp. 134-146, Washington, 1898-1902. 



4. "Monthly Crop Report," United States Department of Agriculture, 

 Washington, February, 1917, p. 16. Figures showing relation of supply and 

 demand in price changes. 



5. "Digest of Report of British Board of Trade on Cost of Living in the 

 Principal Industrial Towns of the United States" : "Comparative Summary of 

 Reports of the British Board of Trade on Cost of Living in the Principal 

 Industrial Towns of England and Wales, Germany, France, Belgium, and the 

 United States," 63 Cong. 1 Sess. Sen. Doc. 38. 



6. "Report of Cost of Living Commission," Wellington, New Zealand, 

 1912. 



7. WARREN, G. F.: "Some Purposes of Price Fixing and Its Results," 

 American Economic Review, March, 1919, pp. 237-245. 



8. TAYLOR, H. C. : "Price Fixing and the Cost of Farm Products," Bulletin 

 292, Agricultural Experiment Station, University of Wisconsin, May, 1918. 

 A practical and comprehensive treatment of the whole subject. 



9. "Are Prices too High?" Editorial in Wallace's Farmer, May 25, 1917, 

 p. 836. 



10. BRADFORD, EDWARD A.: "The Question of Price Regulation." The 

 Annalist, June 11, 1917, p. 787. 



11. McBRiDE, JAMES N.: "New School of Agricultural Thought." The 

 Annalist, June 25, 1917. p. 848. An argument for price fixing^on agricultural 

 products by the farmer. 



