Recent economic changes have brought the remotest parts of the world into close contact with "civilization" at the same time that they have increased the dependence of one part of the world upon another part. Oddly enough, this interdependence has been intensified under a system of society that deified competition. The conflicts, inevitably resulting from such a contradiction, have taken a terrible toll in life and well-being, and have left Europe in chaos. The successful organization of the life of the world is impossible without the organization of its economic affairs. For the present plan of competition between groups, classes and nations there must be substituted a means of co-operative living. The organization of a producers society will provide that means. Local initiative must be preserved; self-government in economic affairs must be assured, and the economic activities of the world must be federated in such a way that all economic problems of world concern will be brought under some central authority which is representative of the various interests involved at the same time that it controls the disposition of economic life. A world parliament composed of representatives elected by the workers in the various producing groups would provide such a central authority, and would furnish the means of directing the economic experiments of the race. Economic emancipation is the objective. The means for its attainment is a society organized in terms of producers groups, and living in accordance with the highest known standards of intelligent social direction. TABLE OF CONTENTS CHAPTER HEADINGS 1. _A World Economic Program_ CHAPTER I. THE NEW ECONOMIC LIFE 13 CHAPTER II. THE ECONOMIC MUDDLE 28 2. _World Economic Organization_ III. ECONOMIC FOUNDATIONS 51 IV. ECONOMIC SELF-GOVERNMENT 76 V. A WORLD PRODUCERS' FEDERATION 100 VI. WORLD ADMINISTRATION 119 3. _Economic Progress_ CHAPTER VII. TRIAL AND ERROR IN ECONOMIC ORGANIZATION 135 VIII. ECONOMIC LIBERATION 151 WHAT TO READ 164 SECTION HEADINGS CHAPTER I. THE NEW ECONOMIC LIFE 13 1. The Historic Present. 2. Economic Needs. 3. Worldizing Economic Activity. 4. The Basis of a World Program. 5. The League of Nations Failure. 6. Axioms of Economic Reorganization.