INTRODUCTION.  xlíü
Sidering  labour.  Professor  Schœnberg,  one  of  the  most  distmgmshed
  Economists  of  Germany,  says,  “Socialism  has
obliged  Political  Economy  to  recognize  that  it  is  not  merely
he  natural  science  of  human  egoism,  but  that  it  should  formulate ­
  a  system  of  moral  administration  (Ethische  Wirthschaft)
lor  the  interests  of  society.”  '
The  fundamental  error  of  most  Socialists  is  not  taking
ufficient  account  of  the  fact  that  individual  interest  is  th!
ismsimm