LXXVITI ADMINISTRATIVE REPORT [eth. ass. 20 



these are known as law schools. Then there are schools of 

 expression, as we have already shown; finally, there are schools 

 whose purpose is knowledge; these are the high schools, col- 

 leges, and universities. In addition to these there are many 

 corporations designed to }n-omote knowledge. 



After this consideration of the subject we are prepared to 

 give a new definition to the science. Econonncs is the science 

 of the relation of production to consumption through the media- 

 tion of corporations. 



Civics 



In characterizing the science of econonncs we have set forth 

 the nature of possessions as exhibited in })roperty, wealth, 

 capital, investment, and endowment; then we have set forth 

 the nature of the corporations to which possessions give rise. 

 Corporations are groups of men organized for a purpose. 

 We have further set forth that these groups of men may be 

 classified to correspond with the fundamental classification of 

 the qualities. From the demonstration of this subject the 

 reader obtains a more or less cleai- concept of the way in 

 which human interests are involved, and the relations which 

 men sustain to one another. Forever we learn that the 

 individual is compelled to consider the interest of others. 

 Cultured man inherits from the brute condition extreme 

 egoism which the development of the arts is forever correcting. 

 It is thus that the many individuals are incorporated into 

 societies and finally into nations where every man is com- 

 pelled to consider other men as partakers of his interest 

 because he can not serve his own without first serving- the 

 purpose of his neighbor. This is the fundamental lesson 

 taught by economics. Only a few men can olitain fooil for 

 themselves — the vast majority must eat from other men's cribs. 

 Only a few can wear clothing- produced by themselves — the vast 

 majority must wear the clothing produced by others. Only a 

 few men can take shelter in domiciles built by themselves — 

 the vast majority nuist live in homes produced by others. 

 Every man is dependent upon others for his existence, and in 

 infancy is dependent upon others fi)r his preservation, and he 



