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The Theory Of Business Enterprise

Dnieu It be in ihe latest enremes of coDserratiain, sach u ii thown In Ihe reoent aucceas of dynastic politics in Gemiui]', Tory policy in England, and jirodatory political IdsblB in America.

closely bound by authentic conventlona, than the position effectively occupied by the iconoclastic wing a hundred years ago.

Throughout the modem cultural complex there is a, somewhat variable, scattering shifting of ground to a more matter-of-fact basis. The direction of spiritual growth or change ia much the same throughout the general body of the population ; but the rate of change, the rate at which matter-of-fact ideals are superseding ideals of conventional authenticity, is not the same for all classes. Hence the class discrepancy here spoken of. The coefficient of change is so much larger in the vulgar, industrial classes as progressively to widen the cultural interval between them and the conservatives in the respect which ia here in question. And the resulting discrepancy of institutional aims and ideals may have none the less serious consequences for being due to a differential rate of movement rather than to a divergent cultural trend.

In this differential rate of movement the departure from the ancient landmarks has now gone 80 far (or is reaching such a point) among the socialistic vulgar as to place their thinking substantially on a plane of material matter of fact, particularly as regards economic institutions. Whereas in the conservative classes the change IB not yet large enough to take them off the plans

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