ABSTRACT
The vast and intricate system of economic organization, by means of which the varied needs of modern life are met, is mostly a product of a continuous process of evolution. In only very small part is it a result of conscious collective planning or devising. It grows and changes unceasingly as men, in their work as producers and money-makers, try to find new and more economical ways of providing consumers with goods which they are willing to buy. Every innovation, whether in the technique of production or in the organization of business, affects in some degree the conditions which govern the activities of other producers. The economic system grows and evolves, like a living organism, by means of successive adjustments and adaptations. But change breeds change, and every new adjustment paves the way for another.
