t man, far from being an animal or a compound of
natural and supernatural, is a perfectly natural being characterized by a
certain capacity or power--the capacity or power to bind time; we have seen
that humanity is, therefore, to be rightly conceived and scientifically
defined as the time-binding class of life; we have seen that, therefore,
the laws of time-binding energies and time-binding phenomena are the laws
of human nature; we have seen that this conception of man--which must be
the basic concept, the fundamental principle and the perpetual guide and
regulator of Human Engineering--is bound to work a profound transformation
in all our views on human affairs and, in particular, must radically alter
the so-called social "sciences"--the life-regulating "sciences" of ethics,
sociology, economics, politics and government--advancing them from their
present estate of pseudo sciences to the level of genuine sciences and
technologizing them for the effective service of mankind. I call them
"life-regulating," not because they play a more important part in human
affairs than do the genuine sciences of mathematics, physics, chemistry,
astronomy and biology, for they are not more important than these, but
because they are, so to say, closer, more immediate and more obvious in
their influence and effects. These life-regulating sciences are, of
course, not independent; they depend ultimately upon the genuine sciences
for much of their power and ought to go to them for light and guidance;
but what I mean here by saying they are not independent is that they are
dependent upon each other, interpenetrating and interlocking in
innumerable ways. To show _in detail_ how the so-called sciences will have
to be transformed to make them accord with the right conception of man and
qualify them for their proper business will eventually require a large
volume or indeed volumes.

In this introductory work I cannot deal fully with one of those "sciences"
nor in suitable outline with each of them separately. I must be content
here to deal, very briefly, with one of them by way of illustration and
suggestion. Which one shall it be?

Now among these life-regulating "sciences" there is one specially marked
by the importance of its subject, by its central relation to the others
and by its prominence in the public mind. I mean Economics--the "dismal
science" of Political Economy. For that reason I have chosen to deal with
economics. In the present c