So this, then, is an essay on the American Philosophy. The American
Philosophy is founded on the Science of Economics. ¶ Just here, in order
that we may speak a common language, a few definitions are in order.
Economics is the Science of the production, distribution and use of
wealth. Science is accurate, organized knowledge founded on fact—or, as
Herbert Spencer expressed it, “Science is the classified knowledge of the
common people.” All that which is simply assumed, believed, conjectured,
taken on dogmatic statement, or mayhap read out of printed books, is
unscientific, no matter how plausible ❦ All practical businessmen are
scientists. ¶ Business is a vocation. Philosophy is—or should be—an
avocation. To make a business of philosophy is to institutionalize and
dilute it, just as to institutionalize love and religion is to degrade
and lose them. Religion is philosophy touched with emotion ❦ Philosophy
is your highest conception of life, its duties and its destiny. A
religious organization is a different thing from religion. A religious
organization is built on a feeling made static, or fear frozen stiff.
It then becomes a superstition, and is employed as a police system, and
is taxed all the traffic will bear. ¶ Science is definite, accurate,
organized knowledge concerning the things that make up our environment.
Modern philosophy is the distilled essence of wisdom that eventually
flows from science. Or, if you please, philosophy is the explanation
of science—a projection from science ❦ Transportation, manufacturing,
distribution, advertising and salesmanship are all variants of
business. Each and all are scientific, that is, capable of analyzation
and demonstration. Weight, size, color, number, qualities and time are
all elements of science. ¶ Theology is antique and obsolete philosophy.
It never is nor ever was scientific, not being derived from knowledge.
Faith is the first item in its formula. Theology comes to us from
dogmatic statements gotten from books or the hearsay words of men long
dead. Theology is voodooism; in matters of importance it is in the same
class as alchemy, astrology, palmistry, mantology and augury ❦ Science
is understood, while theology is believed. Psychology is the science
of human minds and their relationship one to another ❦ Superstition is
scrambled science, or a religious omelet flavored with fear. ¶ Organized
religion being founded on superstition is, perforce, not scientific ❦
And all that is not scientific—that is, truthful—must be bolstered by
force, fear and falsehood. Thus we always find slavery and organized
religion going hand in hand. ¶ Business, to be successful, must be
based on science, for demand and supply are matters of mathematics,
not guesswork. Civilization turns on organization. And organization,
in order to be of any value, must be scientific. ¶ Economics is a new
science. History does not show a single instance of its existence in
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