First published in 1930, this book endeavours to trace and express
the relations between economic and human values, between wealth and
life. Hobson studies everything from the role of production
processes and consumption in the determination of human welfare; to
the changing attitudes of economic science towards ethical
considerations; as well as the tendency of organised society to
exercise a control of economic processes in the interests of
equity, humanity, and social order. Part I of the book deals with
an attempt to provide an intelligible and consistent meaning for
human value and welfare. Part II sketches the emergence of an
economic science and its formal relations to ethics. Part III
discusses the ethical significance of certain basic factors in the
modern economic system, especially property and market processes.
Part IV is addressed to the notion of industrial peace and progress
in the light of modern humanism, with especial regard to the new
problems emerging in a world becoming conscious of its widening
unity.
General
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