7 || !I III • 013 608 473 2 Hollinger Corp. P H8f.5 Zl Zaas* ERRATA Sec 16. Fourth line to "appropriative," add and productive. Sec. 17. (h) First line to "motor tension, " add and motion. Sec- ond line to motion in add, and motion of. Sec 18. (e) Fifth line to last word the, prefix motion in. Page 9. Third line to "human, "prefix motor tensions in. In fifth line to "ownership" add, motion in. In seventh line; prefix to, "the appropriative" motion in. Sec 25. Second line to "primary units" add, or unit products. Page 11. Fourteenth line for "a moral title" read, an efficient moral title; and in line 19-20 for "destruction" read injurious or de- structive. In line 20 for "imperfect" read inefficient. Other errors not noted. Sec 22. (f) Tenth line to ' 'demands" add, or the ratio of wages and interest to labor and principle in the supply and demand of units joined with the rent in land and the cost of the land in supply and de- mand. To end of (/) add, or the ratio of labor to wages, principle to interest and cost of land to rent is the ratios of the efficient causes in their several wealths or their resistences in supply and demand. To end of {g) add, the ratio of supply to demand, or cost to value is the ratio of the efficient causes in appropriation and production or re- sistencest to quanity wealth, Sec 25. To {a) add: Individual or collective individual transfer of units of wealth to other appropriation equaling any quantity of "medium value units" in "exchange or obligation," out of units otwealth ap- propriated or producedat a greater price for return of units of wealth equaling the same quantity of medium value units, at a less price, returns a value quantity in inverse ratio to the quantity received proportional to the decreased price of "return" to increased price at "transfer" plus or minus the changed cost of the unit medium, and increases the wealth ot the individual or collective individual of "transfer" and decreases the wealth of the individual or collective, individuals of return in the same proportion; and is individual prosperity equal to other individual adver- sity; and individiial adversity falling below primary unit supply without "gift, loan or unlawful appropriation" is death; (equilibrium) becomes resistence, then "non-wealth." Keaction of motor tensions of industry in adversity in unit products is depression to other appropriation and production till "obviation." Coincidence of failing supply of primary units in secondary unit "disaster" with" adversity" in exchange or ob- ligation, increases depression proportional to degree of coincidence and in extreme degrees, results in confusion and calamity to industry and human life. \ \ UlCJ DUO *io c .gvbouboiq i -098 .iidiioin hn ,nl nolle jdftit rrl .nl ;.iiorr igigaboiq linn irreiorfts as ^sm -ob 10 anqruqni T 39'gfiW to OEtSI 9Q gjhin^o brrjjfliQb -9b ban vlqqijti ni OJ 9lqionhq ,89gB ni 6-3Bii£a tnsiaSI <>Y .hn&moh bn. nil ai 9H$BV -9'i io nohonbc'K to i9iaiiB*it Lenbivi Hujxb9in ij to 7:h c -q£ dt'l£9wio Birn iltl£9w io •ci'iiui "i< eniuloi ,eohq c?ti Leaob'ioqovq bovi io aniq ' isfoiisij t(' djISQW ad'i 39SB! •jet aog£9'i9ob bnii '>::rsa 9tlt nl j-iiii^ -ty tdb iBiibr/ibsi 1 t!70iL;;7. r '{Iqqua iifi «9inoDsd (iHL'i'c'iLi Tiimb&i 'io anoisd bfiB iioiteiiqciqqB TtBorhq lo ^Iqqna -X9 ni Ijiib 9Dn;bi'ja;j9 i:.- bes v:JSfjbni ot fj [250 copies printed, as a study provisional to criticism. For distribution only ] | THE PHILOSOPHY OF SOCIAL ECONOMY. Copyright by Stewart Bruce TTerry, June 1884 Hi*. ; Section 1. The following definitions and statement of the laws of social economy assume for the present that the object of wealth is man and relates to him only. Assumes that man is an organism whose struc- ture and functions depend upon and are in direct relation to certain fences of his environment, and that whatever may be the nature of human hie and gratification within themselves, the sustaining of the functions of byXir lawT gl " atlflcation de P end u P on su <* force! and are governed of KfpT;/' ^ EALTH TJ he ° b Jf t 0f wealth then bein S the sustaining ilv L * J^ atlfym ? °' desire > the definition and statement of its law! may be as follows: All matter and force in use or preservation for sus- Tr^LfT^ ^ and f ra % in g desire, and for appropriating, tran , foiming transferring and preserving wealth, are wealth, (a) Weath is oT t a f ^T 1 ^? aud Productive forces, or life sustaining for- ces, in supply and demand. Maximum supply and demand is limited to S„inS p 7 P ^ V \. an ^ P™ ductive forces, or life sustaining forces in equipoisto their objective functions within any environment, (b) Degree and W ^ol^- Pen f S UP ° n t > e variations of efficiency in the appropriate 2d II, if Ctlve / orces ' an d economy in consumption of the life sustaining and giatifymg forces within any supply and demand. * bEc 3 Non-Wealth.— All matter and force not in use nor S3 i, USeS °f i W ™ lth are n on-wealth. Appropriations of exnldfil • ° me Wealth bj the takin ^- (*) A11 forces^of wealth !,S5 g ^ a PP ro pnative or unproductive of or other wealth, and in wealth n functions of life and gratification become non- t;™ ? EC '. 4 ; Appeope ^tion— is the taking of forces, or taking or set- ting apart to use any product of non-wealth, or wealth by any human act or means. Appropriation of non-wealth is prior in time to human pro- duction and appropriation of wealth, and by priority in time is the origin of all wealth. Forces of wealth expended in "the taking" are related to wealth appropriated as cause. Sec. 5. Production.— All matter and force in use in transformino;, transferring and preserving wealth, is production. Appropriation is always joined to production in some human act. -In use" is the test of produc ion in any time and place, (a) Degree of appropriation and pioduction is the varying equasion of the appropriate and productive iorces m use in any time and place, in ratio to the organs of life and gratification m human existence, within any supply and demand. In- crease or decrease of the equasion withii, ultimate limits is proportional to the increased or decreased efficiency or economy in the appropriate and productive forces, {b) Efficiency in appropriation and production is the greater or less ratio of the forces of wealth expended to the quan- tities ol other wealth appropriated and produced and the greater or less coincident or economical relations of the forces combined in their quan- / / 3 h i 013 608 473 2 • THE PHILOSOPHY OF SOCIAL ECONOMY. tities to other appropriative or productive functions, or the functions of human life and gratification in any degree, above the continuation of the appropriative forces of human organs to other appropriation or produc- tion. The various combined coincident relations of forces in quantities of wealth, or forces of non-wealth appropriated directly- with quantities of wealth to their objective functions is quality, (c) The quantity of forces expended (equilibrated) in appropriation, transformation, transfer or preservation of wealth, end equal to their several resistences, or equil- ibrate in equal quantities. The ratios of the several forces expended to the quantities and their coincident or economical relations, or qualities appropriated, or produced, are the measures of the efficiencies of the forces so expended. The appropriative, productive, life sustaining or gratifying forces of any given wealth, expending produce their several functions in the ratio of their several resistences, and increase and de- crease as the resistences increase and decrease within functional limits. In efficiency or economy forces expending in obviation of any resistence increases or economises the forces to the objective functions of the appropriative, productive, or life sustaining or gratifying organs, or natural means, equal to the resistance obviated, minus the obviating forces in all times; or appropriates or produces an increased quantity or quality, or accelerates the life sustaining and gratifying functions, or continues equal activity in functions in the ratio of the resistences with obviation to direct resistence. Sec. 6. Consumption. — All forces of wealth expending (equilibrat- ing) in producing wealth are productive consumption, and are always in ratio with their efficient expenditure. Forces expending unproductive, accompanying the productive, are unproductive consumption, and is the measure of inefficiency. («) All forces of wealth expending in sustain- ing the human functions of appropriation, human production, life and gratification, are human consumption. The ratio of the forces in wealth expended to normal functions sustained, is the ratio of economy in con- sumption, (b) All forces of wealth expended, unproductive of other wealth, is unproductive consumption. All human functional forces of wealth expended inappropriative and unproductive of other wealth and unproductive of the normal functions of life and gratification, are non- economical human consumption. ( H H LIBRARY OF CONGRESS 013 608 473 2 •