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 object of Utopian economics will be to give a man every inducement to spend his surplus money in intensifying the quality of his surroundings, either by economic adventures and experiments, which may yield either losses or large profits, or in increasing the beauty, the pleasure, the abundance and promise of life.

Besides strictly personal possessions and shares in business adventures, Utopia will no doubt permit associations of its citizens to have a property in various sorts of contracts and concessions, in leases of agricultural and other land, for example; in houses they may have built, factories and machinery they may have made, and the like. And if a citizen prefer to adventure into business single-handed, he will have all the freedoms of enterprise enjoyed by a company; in business affairs he will be a company of one, and his single share will be dealt with at his death like any other shares So much for the second kind of property. And these two kinds of property will probably exhaust the sorts of property a Utopian may possess.

The trend of modern thought is entirely against private property in land or natural objects or products, and in Utopia these things will be the inalienable property of the World State. Subject to the rights of free locomotion, land will be leased out to companies or individuals, but—in view of the unknown necessities of the future—never for a longer period than, let us say, fifty years.

The property of a parent in his children, and of a husband in his wife, seems to be undergoing a steadily