Excerpt from Business and the Public Welfare Although men have talked Of political economy and domestic economy for four or five generations, it is only recently that we have faced the really great practical problems of economy; and this is especially true in America. We have counted it our good fortune to dwell in a land Where nature has been so prodigal that we have not needed to fear want. We are only beginning to realize that this very prodigality of nature has produced a spirit of prodigality in men. It is the purpose Of the conservation movement to rebuke and correct this national trait, and the resources of science are now concentrated in a mighty effort in this direction. The im portance of conserving the food supply from our soils, as well as our supply of waters, minerals and wood, has, under the leadership Of ex-president Roosevelt, taken a deep hold on the popular imagination. A beginning has thus been made in the movement to check the frightful wastes of production which have been disclosed. There is also an effort being made to eliminate the wastes of exchange through more scientific management. But im portant as are productive and business economics, still more important is what has recently been called vital economics. The conservation of human life will, I believe, constitute the grandest movement of the twentieth century. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.