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FABIAN
ESSAYS IN SOCIALISM

BY

G. BERNARD SHAW
SIDNEY WEBB
WILLIAM CLARKE
SYDNEY OLIVIER
ANNIE BESANT
GRAHAM WALLAS

AND

HUBERT BLAND

EDITED BY
G. BERNARD SHAW

With a new preface for this edition by Mr. Shaw

BOSTON
THE BALL PUBLISHING CO.
1911


Copyright, 1908
By George Bernard Shaw


[iii]

CONTENTS.


THE FABIAN SOCIETY AND ITS WORK.
By WILLIAM CLARKE.Page xxiii.
THE BASIS OF SOCIALISM.
ECONOMICBy G. BERNARD SHAW.
Rent. The Cultivation and Population of the Earth.—Economic Origin of the County Family.—Economic Rent of Land and Ability.—Tenant Right.—The Advent of the Proletarian.Page 1.
Value. Mechanism of Exchange.—Price and Utility.—Effects of Supply.—Law of Indifference.—Total and Final Utility.—Relation of Value to Cost of Production.Page 9.
Wages. The Proletariat.—Sale of Labor.—Subsistence Wage.—Capitalism.—Increase of Riches and Decrease of Wealth.—Divorce of Exchange Value from Social Utility.Page 15.
Conclusion. Apparent Discrepancies between History and Theory.—Socialism.—Pessimism and Private Property.—Economic Soundness of Meliorism.Page 20.
HISTORICBy SIDNEY WEBB, LL.B., Barrister at Law, Lecturer on Political Economy at the City of London College.
The Development of the Democratic Ideal. Ancestry of English Socialism.—The Utopians.—Introduction of the Conception of Evolution.—The Lesson of Democracy.Page 26.[iv]
The Disintegration of the Old Synthesis. The Decay of Medievalism.—The Industrial Revolution.—The French Revolution.—The Progress of Democracy.Page 31.
The Period of Anarchy. Individualism.—Philosophic Radicalism and Laisser-faire.—The Utilitarian Analysis....

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