Transcriber's Note:
Inconsistent hyphenation in the original document has been preserved.
While rambling through quaint old Nuremberg, last summer, I was drivenfor shelter from rain into a bookshop. In a conversation with thegenial proprietor, he called my attention to a book, lately published,that had already made a deep impression upon the world of Germanreaders. A reading and re-reading of the little book convinced me thatEnglish readers, as well, will be glad to follow Professor Sombart inhis comprehensive and suggestive review of Socialism.
Thanks are due to the learned German professor, whose name appears onthe title-page, for his courtesy in this matter; also to his Germanpublisher. I would also express obligation to my friend, ProfessorSigmon M. Stern, with whom I have consulted freely on some difficultpoints of translation. The Introduction by Professor John B. Clark, ofColumbia University, will be appreciated, I know, by the reader aswell as by myself.
A.P.A.
April, 1898.
The reader of this work will miss something which he has beenaccustomed to find in books on Socialism. Professor Sombart has notgiven us synopses of the theories of St. Simon, Proudhon, Marx, Owen,and others. His work marks the coming of a period in which socialismis to be studied, rather than the speculations of socialists. Theoriesand plans no longer constitute the movement. There are still schoolsof socialistic thought; but there is something actually taking placein the industrial world that is the important part of the socialisticmovement. Reality is the essence