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Conway asks a series of questions about the spirit: "Why does it require a corporeal eye so wonderfully formed and organized, that I can see by it? Why does it need a corporeal light, to see corporeal objects? Why is it requisite, that the image of the object should be sent to it, through the eye, that it may see it?" Conway uses this to support which of the following claims:
Economically Efficient
A state where resources are allocated in a way that maximizes the net benefit to society.
Market System
A financial system where investment, production, and distribution decisions are dictated by price signals resulting from the interplay of supply and demand forces.
Fundamental Question
Fundamental Question refers to the basic questions any economic system must answer, which include what to produce, how to produce, and for whom to produce.
Guiding Function
The role of prices in directing the allocation of resources and goods in an economy, ensuring resources are used where they are most valued.
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