Libraries are full of books on industrial problems, which I have not had time to read; but there is no type of man in industry that I have not met and heard through to the end of his string. Such slight researches as I have made, however, indicate that the favored styles in books on industry are two: the coldly analytical and the hotly polemical. The re sults prove that, in books, life may be analyzed into lifelessness and beaten to death with verbal lashes, while outside their covers life and work push on re gardless. So it seemed worth while to attempt a dis cussion of the industrial problem which should be neither hot rhetoric nor cold analysis, but rather a calm synthesis, calm yet not altogether devoid of warmth, — and so far new as to take into account impacts of new tools and methods upon human na ture and the social order.