ABSTRACT
In the eighteenth century certain principles of enlightened common sense were thrown into formal shape and adopted by the civilized peoples of that time to govern the system of law and order, use and want, under which they chose to live. So far as concerns economic relations the principles which so became incorporated into the system of civilized law and custom at that time were the principles of equal opportunity, self-determination, and self-help. When the constituent principles of the modern point of view were accepted and the modern scheme of civilized life was therewith endorsed by the civilized peoples, in the eighteenth century, these rights of self-direction and self-help were counted on as the particular and sufficient safeguard of equity and industry in any civilized country. The new order has brought the machine industry, corporation finance, big business, and the world market. Under this new order in business and industry, business controls industry.
