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Excerpt from The South Atlantic Quarterly, Vol. 12 Scarcely less potent in its inuence upon industry has been the unlocking of vast stores of new productive power through the progress of discovery and invention; the exploitation of the mines and forests and virgin lands of the Americas, especially; the con quest of mechanical power through applied science. The lure of easily acquired wealth, represented by these resources, has drawn away much of the best talent from the orderly development of industry; it has emphasized exchange values to the prejudice of more permanent social values. The directing of the progress of qualitative improvement in production, passing from the hands of the producer himself, has become the prerogative of a con sumer newly enriched, several generations short of connoisseur ship. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.