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Updated: July 5, 2025
Great financiers contributed generously to a School of Economics that had been founded with moneys left to the Fabian Society by earlier enthusiasts for socialist propaganda and education. It remained for Mr.
The ground problem in economics is not to destroy property, but to restore the social conception of property to its right place under conditions suitable to modern needs. This is not to be done by crude measures of redistribution, such as those of which we hear in ancient history.
But here one spot is like another spot; this level ground is just the same level ground there was a mile back; this corn stands like that corn; there is an oppressive sense of bread-and-butter about; one somehow finds one's self thinking of ventilation and economics.
Agriculture and commerce are so intimately bound up with the constitution and the external history of states, that the former must frequently be noticed in the course of describing the latter. We shall here endeavour to supplement the detached notices which we have already given, by exhibiting a summary view of Italian and particularly of Roman economics. Agriculture
Modern History, Politics, Sociology, Economics, Ethics, even Metaphysics we may class all these under the broad heading of Politics, for one and all they deal with the life and destiny of the individual as a member of human society and a part of the Universe.
Turn away now from national economics and industry to international politics. Does not its real politik make the philosophical naturalism of Spencer and Haeckel seem like child's play?
=Patriotism in daily life.= When the influences of hygiene and of home economics, taught as life processes and not merely as prerequisites for graduation, by teachers who regard them as forms of patriotism, when these influences have percolated to every nook and cranny of our national life, to the homes, the streets and alleys, the farms, the shops, the factories, and the mines, such conditions as these will disappear, and we as a nation shall then have a clearer warrant for our profession of patriotic interest in and devotion to the welfare of our country as a whole.
Therefore by adding wealth taking, for example, from a thousand labourers to give to one king you are supersaturating a sensibility already glutted by taking away from others a great amount of real happiness. With this argument, which has of late years become conspicuous in economics, he connects another of primary importance.
Are measures of the kind under discussion to be regarded as measures of philanthropy or measures of justice, as the expression of collective benevolence or as the recognition of a general right? The full discussion of the question involves complex and in some respects novel conceptions of economics and of social ethics to which I can hardly do justice within the limits of this chapter.
In the history of art, as in the history of politics and in the history of economics, our modern epoch is marked off from all preceding epochs by one great event, the French Revolution. Fragonard, who survived that Revolution to lose himself in a new and strange world, is the last at the old masters; David, some sixteen years his junior, is the first of the moderns.
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