And now Iwant you to pass with me from the domain of economics to that of morals. Political economy is not an immoral science as some would have you foolishly believe. It is not immoral; it is unmoral. Tt assumes that men work only for money; that self-interest is the motive of all human action. Now we know that is not true. Our own experience tells mis that there are many other motives which influence men beside the desire for riches. But you must have a working hypothesis in any science, and, having regard to the state of society here and now, the hypothesis of self-interest is not only as good as but better than any other. Still self-interest is only hypothesis, and the question of how to maintain higher standard of right and wrong in business matters remains for solution. It must be remembered that in matters of right and wrong the law does not help us much.
Text read from the printed page and cleaned; old type leaves the occasional error.