terms of quantitative precision, and inculcates a: lUsgyl^i^ habit of apprehending and explaining facts in, ^/ i^tftA, tenna of material cause and effect. It involves a' i#<7-^ valuation of facts, things, relations, and even T^jT" ] personal capacity, in terms of force. Its metaphysics is materialism and its point of view is that of causal sequence.' Such a habit of mind conduces to industrial efficiency, and the wide prevalence of such a habit is indispensable to a high degree of industrial efficiency under modem conditions. This habit of mind prevails most widely and with least faltering in those communities that have achieved great things in the machine industry, being both a cause and an effect of the machine process.
Other norms of standardization, more or less alien to this one, and other grounds for the valuation of facts, have prevailed elsewhere, as well aa in the earlier phases of the Western cultxire. Much of this older standardization still stands over, in varying degrees of vigor or decay, in that current scheme of knowledge and conduct that now characterizes the Western culture. Many of these ancient norms of thought which have come down from the discipline of remote and relatively primitive phases of the cultural past are still strong in the affections of men, although most of them have lost greatly in their power of constraint.
■SMCtLlX.
H 68 THE THEORY OF BUSINESS ENTERPRISE H
H They no longer bind men's convictions as they ^M