ta, 59

Heroism, socialists' view of, 118, 122

Hillquit, Mr., the American socialist, 42, 43, 50;
and "common manual labour," 48, 50;
his irrelevancies, 50;
his argument, 51, 53;
verbal jugglery of, 53

Ideal equilibrium, an, 288

Income, of labour, 197;
earned and unearned, 226

Individual motive and democracy, 130, 132, 134, 136, 138, 140, 142, 144,
146, 148

Industrial effort, its progress depends on thought and the advance of
knowledge, 32;
productivity of, 157

---- productivity, 195

---- towns, present structure of great, 294

Industry, state-directed, 81;
the iron, 82

Intellect, inequalities of the human, 102, 107

Interest, and abstract justice, 204, 206, 208, 210, 212, 214, 216, 218,
220, 222, 224, 226;
socialistic attack on, 227, 228, 230, 232, 234, 236, 238, 240, 242,
244, 246, 248, 250, 252

Invention, Christian socialists on the faculty of, 159

Inventors, 160-62

Iron industry, the, 82

Jesuit Fathers in Uruguay, 193

Just reward of labour, 176, 178, 180, 182, 184, 186, 188, 190, 192, 194,
196, 198, 200, 202

Justice, interest and abstract, 204, 206, 208, 210, 212, 214, 216, 218,
220, 222, 224, 226

Kidd, on rival and independent claims, 93;
his argument, 103, 106

Labour, as a wealth-producer, 11, 21, 42;
definition of ability and, 19;
two distinguishable kinds of, 23;
a productive agent, 25, 199;
directive, 31, 71, 75, 77, 78;
emancipation of, 47;
the Marxian doctrine of the all-productivity of, 47;
by itself, impotent to produce the wealth of modern nations, 54;
and the socialistic promise, 127;
as estimated by its actual products--the just reward of, 176, 178,
180, 182, 184, 186, 188, 190, 192, 194, 196, 198, 200, 202;
income of, 197, 295;
as opposed to ability, 291

Labour-certificates, 12

Labourer, the ordinary manual, 66, 67, 174

Laplace, 91

Legislation, 134, 135;
and the Government's will, 136

Lombe, the great silk-factory erected at Derby by, 197

L.C.C. steamboats, 73

Macaulay, _Essay on Dryden_, 92;
on the absurdity of confounding speculative sociology with practical,
101

Machine-capital, 219

Machinery, a development of capitalism, 2;
Marx on, 27;
embodies labour directed in a new way, 38;
the question of, 88

Majority, will of the, 129, 139, 140;
powers of the "sovereign," 137

Marx, Karl, his formula, 7;
his treatise on capital, 8;
his theory su