Show THE SOCIAL HORIZON the chicago inter ocean baa an able editorial article in iti last sunday geue afier the foregoing caption from which we clip few of the more important aa follow from the nature of hie case political economy concerns business it is a remarkable fact that during all the time that this country was de its resources and capabilities the professors of political economy in nearly all our colleges and universities were industriously teaching a philosophy directly antagonistic to euca development had industrial and political america followed the teachings of those teachers the united states would have remained a dependency of great britain and the continent of europe in the way of manufactures it is a curious fact that the triumph at the polls of that school of political economists was delayed until a new and radically different school had very nearly supplanted it in intellectual dominance the advance thinkers thi ara asking if government can not do a groat deal more than it u doing for the welfare of society this is not a reaction toward despotism nor is it a tendency to the individual but rather a resistance of the latest form of despotism and an attempt to protect the individual from the chains of monopolistic combination this of political economy is sot founded on the vagaries of flat sir thomas more or aa marx nor is it responsible tor the tommy morgans of the industrial class it is not the fad 0 theoretic eludy but rather the result of observation in the domain of actual affairs we bear much of realism in art and literature but there is also a realism in economic and this realism is infinitely more important to the world than that which relates to ngor fiction it takes right hold of practical everyday every day life and has in it the promise of effects vital to society in all its relations and correlations the article means that the political science which ha heretofore been mainly taught in our leading colleges and universities a political science which has been a school of english free trade theories this pseudo science is now being supplanted by a deeper and truer social philosophy not a philosophy which haa for its main prost the or let alone ol 01 the rosseau school and the tree trade theories of great britain but one which haa the unity of the race and the nation for its basis nations are each a family and by a judicious protection organization and development of the national life and industry a larger and truer prosperity ie attained than by any species of competition engendered by free trade pol cies just a democracy finally succeeds in inaugurating the frea trade let alone policy this new science ot economic and industrial co operation la spreading its wings as a true and sound philosophy and it will be now ready to supplant democracy in oar higher institutions of learning |