Excerpt from First Principles of Material Well-Being In the body of this little work symbols are employed to denote certain definite physical quantities. They are as follows: - W = Well-being or Wealth. This well-being every man and woman should seek, whether social conditions be perfect or imperfect. This has little or no relation to gold per se nor its accumulation in a properly systematised society. Neither has it any relation to riches which is a phenomenon of the competitive order. Q = Quantity of material or commodity such as a forest of timber, a field of corn or a lode of ore. E = Stored energy of Nature, such as the energy of wind, of falling water, of coal and oil. L = Human labour or the muscular energy of human beings.

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