“The first issue to be settled is whether socialism has a right to exist. Are its allegations concerning the present system true? Is industry proceeding on a principle of fraud? I wish to test the power of recent economic theory to give an exact answer to this question.” GivingFirstsPhilosophyPoliticalWishAnswersPrinciplesIssuesEconomicTheoryIndustryEconomicsTestsSocialismFraudHypeProceedingAllegationsEconomic Theory Author:John Bates Clark
“Socialism appeals to better classes and has far more strength. Attack the state and you excite feelings of loyalty even among the disaffected classes; but attack the industrial system and appeal to the state, and you may have loyalty in your favor.” MayStatesFeelingsClassFavorsLoyaltySocialismAppeals Author:John Bates Clark
