But after all has been said on the head of conservation of the good old
ways, it remains true that institutions change and develop. There is
a cumulative growth of customs and habits of thought; a selective
adaptation of conventions and methods of life. Something is to be said
of the office of the leisure class in guiding this growth as well as
in retarding it; but little can be said here of its relation to
institutional growth except as it touches the institutions that
are primarily and immediately of an economic character. These
institutions--the economic structure--may be roughly distinguished into
two classes or categories, according as they serve one or the other of
two divergent purposes of economic life.
To adapt the classical terminology, they are institutions of acquisition
or of production; or to revert to terms already employed in a different
connection in earlier chapters, they are pecuniary or industrial
institutions; or in still other terms, they are institutions serving
either the invidious or the non-invidious economic interest. The former
category have to do with "business," the latter with industry, taking
the latter word in the mechanical sense. The latter class are not
often recognized as institutions, in great part because they do not
immediately concern the ruling class, and are, therefore, seldom the
subject of legislation or of deliberate convention. When they do receive
attention they are commonly approached from the pecuniary or business
side; that being the side or phase of economic life that chiefly
occupies men's deliberations in our time, especially the deliberations
of the upper classes. These classes have little else than a business
interest in things economic, and on them at the same time it is chiefly
incumbent to deliberate upon the community's affairs.
Public-domain text, read in full here on John Shaqi.
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