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by Arthur Joseph Penty

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With a preface by G. K. Chesterton. This Elibron Classics book is a facsimile reprint of a 1922 edition by the Macmillan Company, New York.

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WE have seen that the Socialist ideal of reconstructing society on some co-operative or communal basis had its origin in the fact that the unrestricted use of machinery was found to be incompatible with a competitive society; that the problems growing out of machine production found a central position in Socialist theory from the days of Owen to Marx, but were lost sight of and forgotten by the Fabians.



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