But since facts are not possessed of the virtue of self-determination, they did not yield an opinion which was very relevant or very truthful. Their use was for the moment nothing more than a substitution of the superstition of facts for that of logic. The facts were of value, because when properly interpreted they gave the story of what the economic system had done. But without the aid of standards it was impossible to determine whether it had worked well or ill, whether it had much or little to give in return for the solicitous concern about it. It was evident that modern industrialism was developing without conscious guidance. As long as no goal was fixed it was impossible to tell whether industrial development was proceeding in the right direction. As long as we were unmindful of the kind of society we wished ours to be, we could not appraise its accomplishments. Without standards all that could be said was that the system had worked as well as it had worked and that we were as well off as we were well off. The problem, therefore, became one of judging the system on the basis of the facts by means of standards. Thus the newer economics has been of service in stating the problem with which opinion must be concerned. The “prevailing” economic order is one of many schemes of arrangements for making industry serve the purposes of the community. The system has been slowly evolved out of the institutions of the past, is constantly being affected by circumstances, and for the future is capable of conscious modification. How well it has served its purpose cannot be attested by an abstract argument proceeding from assumptions about human nature and the cosmos. A judgment upon its relative goodness or badness requires an appraisal of the facts in terms of standards. These standards must be obtained from our notions of the kind of society we want this to be. These notions must proceed from a scientific study of the properties of things and the needs of human beings. That judgment will be one not of goodness or badness, but of the relative merits of a very human scheme of arrangements compared with its alternatives.