pages 270-271.)

14. Historical changes in the rate of wages. (Bullock, _Selected
Readings in Economics_, pages 533-543.)

15. The nature of profits. (Carver, _Elementary Economics_, chapter
xxxvi.)

16. Relation of profits to risk. (Taussig, _Principles of Economics_,
vol. ii, chapter xlix, section 1.)

17. Qualities of a successful entrepreneur. (Taussig, _Principles of
Economics_, vol. ii, chapter xlix, sections 3 and 4.)

18. Motives of business activity. (Taussig, _Principles of Economics_,
vol. ii, chapter xlix, section 6.)

19. The government's share in distribution. (Carver, _Elementary
Economics_, chapter xxxvii.)




CHAPTER X

BASES OF THE CAPITALISTIC SYSTEM


92. THE "CAPITALISTIC SYSTEM."--Modern industry is sometimes said to
be headless, because the numerous individuals engaged in it are not