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nydus/The Theory of Business EnterprisePublic
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Table of Contents

Business Principles

^t once did. They are losing their axiomatic H

^B character. They are no longer self-evident or H

V self-legitimating to modern common sense, as they H

once were to the common sense of an earlier time. These ancient norma differ from the modem norms given by the machine in that they rest on conventional, ultimately sentimental gromids ; they are of a putative nature. Such are, e.g., the principles of (primitive) blood relationship, clan solidarity, paternal descent, Levitical cleanness, divine guidance, allegiance, nationality. In their time and under the circumstances which favored their growth these were, all and several, powerful factors in controlling human conduct and shaping the course of events. In their time each of these institutional norms served as a definitive ground of authentication for such facta as fell under its particular scope, and the scope of each was very wide in the day of its best vigor. As time has brought change of circumstances, the facts of life have gradually escaped from the constraint of these ancient principles; so that the dominion which they now hold over the life of civilized men is relatively slight and shifty.

It is among these transmitted institutional habits of thought that the ownership of property belongs. It rests on the like general basis of use and wont. The binding relation of property to it*

BUSINESS PRINCIPLES 69

owner is of a conventional, putative character, I But while these other conventional norms cited above are in their decline, this younger one of the inherited institutions stands forth without apology and shows no apprehension of being crowded into the background of sentimental reminiscence.

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