There is one more general consideration to be put forward before the dust commences to fly: if a valid unit of economic measurement can be provided, it may prove possible in the future, with the growing accumulation of stationary data, to construct some valuable formulæ covering the growing effectiveness of effort as well as its duration; for it is probable that the adequate creation of facilities,—whether owned jointly or individually,—the elimination of friction and the long-delayed disclosing of inducement, will justify some very interesting studies in acceleration.
Saving the last word for the bystander: does it not seem significant that since the advent of democracy much of our policy has been based upon the necessity of making the best of a deplorably retarded flow of effort?
