processes of thought which have come to debar me from accepting the assumptions regarding the nature of such terms as “value,” “cost,” “utility” as are still fixed in the orthodox economics of our time. In my endeavour to give a human interpretation to such terms and to the processes in which they figure, and to establish a basis of harmony between the arts of industry thus humanized, and other arts of personal and social conduct, political, ethical, artistic, recreative, which utilize the fruits of industry, I claim to have made some advance towards a better understanding of the part played by economic thinking and economic practices in a world of changing environment and values. It belongs, however, to the account I give of the thinking process, to admit that I may be biased in favour of the rightness and the worth of such a claim.
