Excerpt from Challenge to Economists

Nevertheless the truth is ever simple.

1. The wealth of the world can be increased by man's labour, but as no man can be considered to possess wealth until he has first his bare necessaries of life, the necessaries of all mankind must first be produced, for, economics being an ethical science, man cannot be allowed to starve.

2. Articles of utility are economically identical with necessaries, as they also enable man to live and produce, and, in saving labour, they save, and thus increase, the supply of necessaries.

3. The production and handling of necessaries occupies a large proportion of the world's labour, and, although a lack of them causes all the misery and most of the discontent in this world, their importance appears to be overlooked by economists.

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