THE DIFFERENTIATION OF MANAGER AND CAPITALIST. The Rise of Co-operation and the Joint Stock Company.--The “Ring” and the “Trust.”--The Despotism of Capitalist Communism. Page 76. MORAL BY SYDNEY OLIVIER, B.A., OXFORD. THE EVOLUTION OF MORALITY. The Common End.--The Conditions of Freedom.--The Individual and the Race.--The Growth of Social Consciousness.--Convention and Law. Page 93. PROPERTY AND MORALS. The Reaction of Property-Forms on Moral Ideas.--Class Morality.--Negation of the Conditions of Freedom.--Social Dissolution. Page 104. THE RE-INTEGRATION OF SOCIETY. The Ordering of the Primary Conditions.--The Idea of the Poor Law.--Secondary Conditions.--Morality and Reason.--The Idea of the School. Page 112. THE ORGANIZATION OF SOCIETY. PROPERTY UNDER SOCIALISM. BY GRAHAM WALLAS, M.A., OXFORD. VISIBLE WEALTH. Consumers’ Capital.--Producers’ Capital. Page 120. DEBTS AND SERVICES. Deferred and Anticipated Consumption.--Interest. Page 125. IDEAS. Copyright and Patent Right.--Education. Page 132. INDUSTRY UNDER SOCIALISM BY ANNIE BESANT. THE ORGANIZATION OF LABOR. Rural.--Urban.--International. Page 136. THE DISTRIBUTION OF THE PRODUCT. The Individual.--The Municipality.--The State. Page 147. SOCIAL SAFEGUARDS. The Stimulus to Labor.--The Provision for Initiative.--The Reward of Excellence. Page 150. THE TRANSITION TO SOCIAL DEMOCRACY. TRANSITION BY G. BERNARD SHAW. MEDIEVALISM TO CAPITALISM. The Old Order.--Merchant Adventurer, Pirate, Slave-Trader, Capitalist.--The Old Order burst by the New Growth.--Chaos. Page 157. ANARCHY TO STATE INTERFERENCE. Political Economy.--Hegelian Conception of the Perfect State.--Socialism: Its Practical Difficulties.--Impracticability of Catastrophic Change.--Democracy the Antidote to Bureaucracy.--The State Interferes. Page 160. STATE INTERFERENCE TO STATE ORGANIZATION. Hard Times.--Revival of Revolutionary Socialism.--Remaining Steps to the Consummation of Democracy.--Machinery of Socialism.--Social Pressure.--Urban Rents.--The New Taxation.--State Organization of Labor its Indispensable Complement.--The Unemployed.--Solution of the Compensation Difficulty.--Economic Reactions of the Progress of Municipal Socialism.--Militant Socialism Abandoned but not Dishonored. Page 169. THE OUTLOOK BY HUBERT BLAND. THE CONDITION OF ENGLISH PARTIES. The Lines of Progress.--The Rate of Progress in Thought and Industry Compared with that in Politics.--Alleged Disappearance of the Whig. Page 184.