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abolished absolute acquisition ACQUISITIVE SOCIETY Adam Smith administration appear body capitalist carried century cerned classes coal condition conduct consumer demand desire dividends doctrine dustry economic activity effective efficiency employers energy England erty exercise existing fact func function functionless property gain ground-rents human income individual indus industrial warfare institutions interest involves labor Lancashire Lord Hugh Cecil means ment merely miners mines modern monopoly profits moral motives nomic normally obligations offered organization of industry output owner paid payment peasant pecuniary perform political portunities position possess present principle private ownership private property produce profes profession professional profits prop property in capital property in land property-owners proposed proprietary rights public ownership rentiers responsibility result riches royalties salaries secure servants shareholders sinecurist social purpose society standard subordination sumer thing tion tive to-day trade unions tween wealth workmen
Page 102 - American system is not static, in the sense that it is not an end but a means to an end— in the sense that it is an organism intended to grow and expand to meet varying conditions and times in a large country— in the sense that every...
Page 121 - ... of management, are not merely troublesome in detail but vicious in principle, because they divert it from the performance of function to the acquisition of gain. If at the same time private ownership is shaken, as recently it has been, by action on the part of particular groups of workers, so much the better. There are more ways of killing a cat than drowning it in cream, and it is all the more likely to choose the cream if they are explained to it.
Page 93 - Its essence is that it assumes certain responsibilities for the competence of its members or the quality of its wares, and that it deliberately prohibits certain kinds of conduct on the ground that, though they may be profitable to the individual, they are calculated to bring into disrepute the organization to which he belongs.
Page 60 - Whatever the future may contain, the past has shown no more excellent social order than that in which the mass of the people were the masters of the holdings which they ploughed and the tools with which they worked, and could boast ... 'It is a quietness to a man's mind to live upon his own and to know his heir certain.
Page 3 - An appeal to principles is the condition of any considerable reconstruction of society, because social institutions are the visible expression of the scale of moral values which rules the minds of individuals, and it is impossible to alter institutions without altering that moral valuation.
Page 31 - It assures men that there are no ends other than their ends, no law other than their desires, no limit other than that 'which they think advisable. Thus it makes the individual the center of his own universe, and dissolves moral principles into a choice of expediences. And it immensely simplifies the problems of social life in complex communities. For it relieves them of the necessity of discriminating between different types of economic activity and different sources of wealth, between enterprise...
Page 180 - It is obvious, indeed, that no change of system or machinery can avert those causes of social malaise which consist in the egotism, greed, or quarrelsomeness of human nature. What it can do is to create an environment in which those are not the qualities which are encouraged. It cannot secure that men live up to their principles. What it can do is to establish their social order upon principles to which, if they please, they can live up and not live down. It cannot control their actions. It can offer...
Page 92 - It is a body of men who carry on their work in accordance with rules designed to enforce certain standards both for the better protection of its members and for the better service of the public.
Page 39 - one simple question may be addressed : — " Produce what ? " Food, clothing, house-room, art, knowledge? By all means! But if the nation is scantily furnished with these things had it not better stop producing a good many others which fill shop windows in Regent Street? If it desires to re-equip its industries with machinery and its railways with wagons, had it not better refrain from holding exhibitions designed to encourage rich men to re-equip themselves with motor-cars?