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 but on a system of rations, the amount available being divided equally among the population. No doubt, though this is not said, something like a price will have to be put upon these luxuries, so that a man may be free to choose how he will take his share: one man will prefer good wine, another the finest Havana cigars, another pictures or beautiful furniture. Presumably, every man will be allowed to take such luxuries as are his due in whatever form he prefers, the relative prices being fixed so as to equalize the demand. In such a world as this, the economic stimulus to production will have wholly disappeared, and if work is to continue it must be from other motives.

Is such a system possible? First, is it technically possible to provide the necessaries of life in such large quantities as would be needed if every man and woman could take as much of them from the public stores as he or she might desire?

The idea of purchase and payment is so familiar that the proposal to do away with it must be thought at first fantastic. Yet I do not believe it is nearly so fantastic as it seems. Even if we could all have bread for nothing, we should not want more than a quite limited amount. As things are, the cost of bread to the rich is so small a proportion of their income as to afford practically no check upon their consumption; yet the amount of bread that they consume could easily be supplied to the whole population by improved