Excerpt from The Theory of Prosperity
The industrial changes of the past century have not advanced wages nor relieved misery to the degree that economists hoped. Even the most conservative thinker one hundred years ago, could he have foreseen the inventions, economies, and transformations that have taken place since his day, would have predicted a greater advance than has come. It is no wonder that many reformers lay the blame for this lack of progress on economic laws and try to devise schemes by which they may be circumvented. The equality that has not been brought by economic forces is sought in a complete social reorganization by which competition is to be displaced.
That social evils are economic in their origin is a mere assumption. Economic laws are the outcome of forces acting in the present environment. Evidence for or against them must come directly from the relations existing between men and the environment in which they live. All economic forces arise out of existing conditions and exert an influence on the present race of men. An environment once left is no longer a living force.
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