socialist party are those members of the conservative parties who fail to recognize the need of humane legislation, who irritate by their unsympathetic utterances, and who unduly postpone by their powerful opposition the gradual and healthful unfolding of the social spirit, energy, and capacity of the nation.  The greatest problem of social and economic legislation for the next generation is to determine how far, and how, the principle of authority may wisely be substituted for the principle of competition in distribution.

[Footnote 1:  Distribution as a problem of incomes is not to be confused with distribution of physical goods by transportation (as on the railroads) or by commercial agencies transferring goods from producer to consumer (as in cooeperative distribution).  Functional distribution is the prime subject of the theory of value in Vol.  I (e.g., usance, value of labor, time-preference, profits), a study of which is prerequisite to an intelligent study of the problems of personal distribution.]

[Footnote 2:  See Vol.  I, pp. 190, 223; and above, ch. 2, secs. 11-13.]

[Footnote 3:  See Vol.  I, pp. 248-255, 297-298, 406, 408, 415-418, 480-481, 483-484:  also Vol.  II, pp. 22-23, 146-148, 161-162, 178-180, 283, and various passages in the chapters of this Part.]

[Footnote 4:  See above, ch. 2, sec. 7, on limitations upon bequest and inheritance.]

[Footnote 5:  See ch. 18.]

[Footnote 6:  See ch. 12, sec. 14.]

[Footnote 7:  See ch. 2, sec. 10.]

[Footnote 8:  See Vol.  I, pp. 54 and 66; also pp. 504 507 in an organic theory of value.]

[Footnote 9:  See above, sec. 2, note 3.]

[Footnote 10:  Compare, e.g., portions of chs. 9, 15, 20, 21, 27; and 29, see. 17.]

[Footnote 11:  See ch. 2, sees. 11-13.]

[Footnote 12:  See Vol.  I, p. 75.]

[Footnote 13:  See, e.g., Vol.  I, pp. 25, 71, 205, 479, 509, 511, 513.]

[Footnote 14:  See above, ch. 18.]

[Footnote 15:  See Vol.  I, p. 6, on “social” and the social sciences.]

[Footnote 16:  See e.g., ch. 9, secs. 2, 10; ch. 11, secs. 7, 8; ch. 16, secs. 3, 4, 12; chs. 18, 21, 22, 23, 27, 29, and 30.]

[Footnote 17:  See Vol.  I, p. 502, on communism and value theory.]

[Footnote 18:  See Vol.  I, pp. 210, 228, 502 on the labor-theory of value.]

[Footnote 19:  See above, sec. 14.]

INDEX

Accident insurance,
Agricultural credit,
Agricultural, decay, economics, problems of, prices, fall of,
Agricultural, and rural population,
Agriculture and crises,
Agriculture, exhaustion of the soil, medieval, number in, the new,
Aldrich report,
 Senator, plan,
American Federation of Labor,
Appreciation and interest,
Arbitration, voluntary, compulsory,
Assessment insurance,
Assessment of taxes,
Authoritative distribution,