ondition.
6. The _raison d'etre_ of Progressive Collectivism.
7. Collectivism follows the line of Monopoly.
8. Cases of "Arrested Development:" the Sweating Trades.
9. Retardation of rate of Progress in Collective Industries.
10. Will Official Machine-work absorb an Increasing
Proportion of Energy?
11. Improved Quality of Consumption the Condition of Social
Progress.
12. The Highest Division of Labour between Machinery and Art.
13. Qualitative Consumption defeats the Law of Decreasing
Returns.
14. Freedom of Art from Limitations of Matter.
15. Machinery and Art in production of Intellectual Wealth.
16. Reformed Consumption abolishes Anti-Social Competition.
17. Life itself must become Qualitative.
18. Organic Relations between Production and Consumption.
19. Summary of Progress towards a Coherent Industrial
Organism.

INDEX 385

THE EVOLUTION OF MODERN CAPITALISM.

THE EVOLUTION OF MODERN CAPITALISM.

CHAPTER I.

INTRODUCTION.

Sec. 1. _Industrial Science, its Standpoint and Methods of Advance._
Sec. 2. _Capital as Factor in Modern Industrial Changes._
Sec. 3. _Place of Machinery in Evolution of Capitalism._
Sec. 4. _The Monetary Aspect of Industry._
Sec. 5. _The Literary Presentment of Organic Movement._

Sec. 1. Science is ever becoming more and more historical in the sense
that it becomes more studiously anxious to show that the laws or
principles with whose exposition it is concerned not merely are
rightly derived from observation of phenomena but cover the whole
range of these phenomena in the explanation they afford. So likewise
History is ever becoming more scientific in the sense that facts or
phenomena are so ordered in their setting as to give prominence to the
ideas or principles which appear to relate them and of which they are
the outward expression. Thus the old sharp line, of distinction has
slipped away, and we see there is no ultimate barrier between a study
of facts and a study of the laws or principles which dominate these
facts. In this way the severance of History and Science becomes less
logically justifiable. Yet it is still convenient that we should say
of one branch of study that it is historical in the sense that it is
directly and consciously engaged in the collection and clear
expression of facts or phenomena as they stand o