The former category have to do
with "business," the latter with industry, taking the latter word
in the mechanical sense. The latter class are not often
recognized as institutions, in great part because they do not
immediately concern the ruling class, and are, therefore, seldom
the subject of legislation or of deliberate convention. When they
do receive attention they are commonly approached from the
pecuniary or business side; that being the side or phase of
economic life that chiefly occupies men's deliberations in our
time, especially the deliberations of the upper classes. These
classes have little else than a business interest in things
economic, and on them at the same time it is chiefly incumbent to
deliberate upon the community's affairs.
The relation of the leisure (that is, propertied non-industrial)
class to the economic process is a pecuniary relation -- a
relation of acquisition, not of production; of exploitation, not
of serviceability. Indirectly their economic office may, of
course, be of the utmost importance to the economic life process;
and it is by no means here intended to depreciate the economic
function of the propertied class or of the captains of industry.
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