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 scruple, he is able serenely to overreach and injure his fellows when the chance offers.

It has already been noticed that modern economic institutions fall into two roughly distinct categories,―the pecuniary and the industrial. The like is true of employments. Under the former head are employments that have to do with ownership or acquisition; under latter head, those that have to do with workmanship or production. As was found in speaking of the growth of institutions, so with regard to employments. The economic interests of the leisure class lie in the pecuniary employments; those of the working classes lie in both classes of employments, but chiefly in the industrial. Entrance to the leisure class lies through the pecuniary employments.

These two classes of employments differ materially in respect of the aptitudes required for each; and the training which they give similarly follows two divergent lines. The discipline of the pecuniary employments acts to conserve and to cultivate certain of the predatory aptitudes and the predatory animus. It does this both by educating those individuals and classes who are occupied with these employments and by selectively repressing and eliminating those individuals and lines of descent that are unfit in this respect. So far as men's habits of thought are shaped by the competitive process of acquisition and tenure; so far as their economic functions are comprised within the range of ownership of wealth as conceived in terms of exchange value, and its management and financiering through a permutation of values; so far their experience in