This book, in carefully simplified language, dealt comprehensively with the fundamental causes to which the increased wealth of the modern world is due, and on which the maintenance, to say nothing of the enlargement, of this modern increment depends. The argument of the book, in its general outline, is as follows. Without manual labor there can be no wealth at all. Unless most of its members are laborers, no community can exist. But so long as wealth is produced by manual labor only the amount produced is small. In whatever way it may be distributed, the majority will be primitively poor. The only means by which the total product of a given population can be increased is not any new toil on the part of the laboring many, but an intellectual direction of the many by a super-capable few. Here is the true cause of all modern increments of wealth. Let these increments be produced, and it is possible for the many to share in them. It is on securing a share of them that their only hope of an ampler life depends, but it is from the efforts of the few that any increase of their shares must come. The fundamental facts of the case are, indeed, of a character the precise reverse of that which the theories of the Socialists impute to them. In proportion as the wages of labor rise above a given minimum the many are the pensioners of the few, the few are not the plunderers of the many, and those who maintain the opposite are mere intellectual gamins standing on their heads in a gutter. This thesis I had outlined already in my earlier work, _Social Equality_, but in _Labor and the Popular Welfare_ it is urged with more precision, and the general argument is, as in the earlier work it was not, supported by a skeleton of more or less precise statistics. This book, by the advice of a friend, was offered to a celebrated publisher, a pillar of sound Conservatism; but in effect, if not in so many words, he said he would have nothing to do with it, its subject being, in his opinion, unlikely to interest, or its argument to benefit, anyone. It is, I think, not merely an author's vanity which inclines me to regard his decision not so much as a mistaken literary judgment, but as the expression of a temperamental apathy with which many Conservatives are inflicted with regard to social problems. An entire edition of the work was bought soon after its publication by the Central Conservative Office as a textbook for the use of speakers. With a similar object in view, another association, six or seven years later, offered to purchase an entire edition likewise; but I was obliged to decline the proposal, because I had come to recognize that the statistical portions of the work had, in part, become obsolete, and were in part not sufficiently complete. Meanwhile successive editions of it had been sold to the English public. It had many readers in America, and a very large sum was offered me by a Melbourne newspaper for a series of short articles in