CHAPTER II 
MONEY AND THE STYLE OF 
MODERN LIFE 
Money and Intellectualism 
HE phenomena of the money economy are born pri- 
| marily of that type of mental energy which is called 
intellect as distinguished from sentiment and feeling. 
The latter forms of mental energy predominate in periods 
of natural economy and in fields and spheres not yet in- 
vaded by the monetary system. This predominance of the 
intellectual function in modern life is due to the peculiar 
character of money which makes it both a means and an 
end. 
The number of means, of intermediate steps, between 
the first activity and the final goal develops in the same 
ratio as our knowledge, the latter being the subjective cor- 
relate of the objective world-order. As every means is, as 
such, fully indifferent, the emotional values can in practice 
attach only to ends or purposes. The more of such ends or 
final stopping-points our lives contain, the more will the 
emotional function predominate over the intellectual func- 
tion. The impulsive and emotional character of primitive 
people is undoubtedly due in part to the shortness of their 
teleological series. Even during the Middle Ages, with 
their production for home consumption and their handi- 
craft technique, life contained a great many points of defi- 
nite final satisfaction of purposeful activity. The technique 
of modern life, with its endless preparation and round- 
about methods, has created teleological series of infinite 
299