e bargaining. It can only be
overcome by the recognition on both sides that industry is in essence
not a matter of contract and bargaining at all, but of mutual
interdependence and community service: and by the growth of a new ideal
of status, a new sense of professional pride and corporate duty and
self-respect among all who are engaged in the same function. No one can
say how long it may take to bring about such a fundamental change of
attitude, especially among those who have most to lose, in the material
sense, by an alteration in the existing distribution of economic power.
But the war has cleared away so much of prejudice and set so much of our
life in a new light that the dim ideals of to-day may well be the
realities of to-morrow. This at least we can say: that no country in the
world is in a better position than we are to redeem modern industry from
the reproach of materialism and to set it firmly upon a spiritual basis,
and that the country which shall first have had the wisdom and the
courage to do so will be the pioneer in a vast extension of human
liberty and happiness and will have shown that along this road and no
other lies the industrial progress of mankind.

BOOKS FOR REFERENCE

1. _Economics_:

H. Clay, _Economics for the General Reader_. 1916.

Ruskin, _Unto this last_.

Smart, _Second Thoughts of an Economist_. 1916.

2. _Man and his Tools_:

Marvin, _The Living Past_. 1913.

F. W. Taylor, _The Principles of Scientific Management_. 1911.

Hoxie, _Scientific Management and Labour_. 1916.

3. _Industrial Government_:

Aristotle, _Politics_ (Book I, chapters on Slavery).

Zimmern, _The Greek Commonwealth_ (chapters on Slavery). 1911.

Ashley, _The Economic Organization of England_. 1914.

Unwin, _Industrial Organization in the Sixteenth and Seventeenth
Centuries_.

S. and B. Webb, _The History of Trade Unionism_.

Macgregor, _The Evolution of Industry_ (Home University Library).

Wallas, _The Great Society_. 1914.

G. D. H. Cole, _The World of Labour_. 1915.

_Round Table, June 1916 (Article on the Labour Movement and the
Future of British Industry)._

FOOTNOTES:

[67] Including the well-being of the producers--a point which is too
often overlooked.

[68] On this point see _Poverty and Waste_, by Hartley Withers, 1914,
written before the war, which has driven its lessons home.

[69] _The Living Past_, pp. 20, 21.

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