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Rh economist of the historical school, and so on. He knows all the rest if he has seen the label.

Far be it from me now to deride science in this field of study. My point is that we cannot wait for science to work out its results, because we must live to-day and to-morrow, and the day when public opinion will he founded on correct notions of the order of society, reduced to commonplace, and ingrained into the common mind, is at an indefinite distance; and that therefore, in the meantime, the thing to do is to abstain from empirical undertakings and to let the problems solve themselves under liberty, no matter if the process be attended by industrial war.

The industrial war is, in great measure, the entirely inevitable means by which redistributions of capital and labor are brought about. We boast very often about the modern achievements, without noticing the incidental effects which are not all pleasant. The world-wide organization is necessarily automatic and impersonal; that makes it mechanical and unfeeling in action. One of us is pursuing in peace and honesty the occupation to which he has become accustomed; he asks nothing better than to live his life out in modest and contented circumstances, but on the lines to which he has become accustomed. Formerly he could do it. It has become one of the commonest experiences for such a man, no matter what his occupation or social position may be, to find that he must change his occupation, or his investments, or his methods; forfeit his acquired skill, change his abode, acquire new habits, and seek other means of livelihood. He will be very apt to find that the first warning of this comes in the shape of a reduction in the price of his product, or in his dividends, or his salary, or his professional income, or his wages. He resents the change