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Updated: June 22, 2025
He recognised, however, that for practical purposes each age must concern itself with its own environment; and his logical starting-point is an analysis of wealth-production as it exists to-day.
I only want to give you an idea of the trap into which Mr. Douglas van Tuiver had been drawn. He stood there, rigidly aloof while the speaker went on to explain the basic facts of wealth-production in modern society.
"Manifestly," said the doctor, "the incentives to wealth-production under a system confessedly resulting in perpetual famine must be ineffectual, and we really need consider them no further; but your economists praised so highly the ambition to get rich as an economic motive and objected so strongly to economic equality because it would shut it off, that a word may be well as to the real value of the lust of wealth as an economic motive.
The distinctive feature of wealth-production in the modern world, on the contrary, is the multiplication of goods relatively to the number of the producers of them, and the consequent cheapening of each article individually. The skill of the craftsman gives an exceptional value to the particular articles on which his own hands are engaged.
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