avery, 57

Smith, Adam, _Wealth of Nations_, 25, 26, 36

Social Democratic Federation, its campaign and its catechism, 45

Social policy of the future, 278, 280, 282, 284, 286, 288, 290, 292, 294

Socialism, Christian. _See_ Christian socialism

---- historical beginning of, 1, _et seq._;
two ideas of, 1;
and capitalism, 3;
a theory, 5;
regarded as a practical force, 8;
basic doctrine of so-called scientific, 18;
a fallacy, 49, 167;
proximate difficulties of, 69, 70, 72, 74, 76, 78, 80, 82, 84, 86, 88;
its ultimate difficulty, 89, 90, 92, 94, 96, 98, 100, 102, 104, 106,
108, 110, 112, 114, 116, 118, 120, 122, 124, 126, 128;
"the Great Man theory," 91

Socialistic attack on interest, and the nature of its error, 227, 228,
230, 232, 234, 236, 238, 240, 242, 244, 246, 248, 250, 252

Socialistic temperament, debilitates the faculties, 169

---- theory of society, a, 56, 58

Socialists, on heroism, 118, 122;
their two main doctrines, moral and economic, 165;
their false and true theories of production, 166;
their fallacy, 167

---- evolutionary, 102

Society, two contrasted groups of, 15

Sociology, scientific, 111

---- speculative, 109

Spencer, Herbert, 106;
causal importance of the great man, 89-101;
on modern production, 97, 98;
_Study of Sociology_, 99;
on the invention of the _Times_ printing-press, 100;
_Social Statics_, _ibid._;
criticised by Author's _Aristocracy and Evolution_, 101

State officials, 69

Steel and oil, 153, 158, 159, 160, 162

Supply and demand, 143

Utopia, Bellamy's description of a socialistic, 92

Value, surplus, 13

Wage-capital, 36, 37, 39, 41, 57, 58, 264;
an implement of direction, 70;
its waste brings about its own remedy, 71

Wagedom, socialists and, 59, 60

Wage-fund, division of total, 201

Wage-system, alternatives to, 57, 60;
an escape from, 59

Watt, 221

Wealth, socialists' conception of, 145;
a form of power, 146;
superfluous, 155;
produced by two functionally different classes, 176

---- of modern nations, "common manual labour" impotent to produce the,
48, 50, 54

Wealth-producer, the greed of the, 125

Wealth-producing power, labour's, 11, 21, 42

Webb, Sidney, 43, 58-60, 89, 90, 119, 191, 194, 197;
his argument, 107, 108

Wilshire, Gayford, his leaflet, 47, 143, 257

Printed by Hazell, Watson & Viney, Ld., London and Aylesbury.

***END OF THE PROJECT GU