Find practical ideas for calming labor tensions and guiding capital in a modern economy.
This nonfiction lecture from 1902 analyzes why capital and labor remain at odds and how they can be organized to serve the public. It argues that both sides must act as responsible partners, with fair wages, safe working conditions, and peaceful resolution of disputes. The book proposes that neither side should dominate, and that the key lies in mutual recognition, orderly processes, and the broad interests of society.
In clear terms, the author explains what organized capital should and should not be, and why true reform requires cooperation between workers and owners. It discusses historical strikes, the value of gradual concessions, and the dangers of excessive hostility. Through practical examples, it outlines how industry associations and mutual understanding can reduce conflict and boost stability.
- Why organized capital and organized labor are both needed for industrial peace
- How gradual concessions and collective bargaining can improve outcomes
- Practical ideas for partnerships across different trades and industries
- Conditions for fair wages, safe workplaces, and responsible business practices
Ideal for readers of early 20th‑century economic thought and those exploring the balance between business interests and workers’ rights.