The present volume is founded upon two little works which the author wrote more than twenty years ago, and which were widely circulated. One of these books, 'The Results of Machinery,' was published, in connexion with the Society for the Diffusion of Useful Knowledge, at a period of great national alarm, when a blind rage against a power supposed to interfere with the claims of labour was generally prevalent, and led, in the southern agricultural districts especially, to many acts of daring violence. Happily that spirit is passed away. The spirit of knowledge has arisen; and we are told now, by an unquestionable authority, that labourers themselves begin to regard the tedious work of the flail as too irksome[3]--the same class that in 1830 broke the thrashing machines. In remodelling that portion of the present volume it is unnecessary to deprecate the evils of hostility to machinery; but rather to look forward to its more complete union with skilled labour as the triumph of the productive forces of modern society. In the other little book upon which this volume is founded, 'Capital and Labour,' the general subject of the _Production_ of wealth was popularly treated, and the argument is here carried forward. But in the present work it will be the further endeavour of the writer not to overlook the general relations of Capital and Labour in the _Distribution_ of wealth. As the mistakes about Production have yielded, in a great degree, to improved education, so may those which belong to Distribution also yield to the progress of Knowledge. These are not mistakes which are confined to one class, and that the most numerous. The freedom of Industry has as much claim to be regarded as the security of Capital. We have distinct evidence that in another country these principles are better understood.
"The results which have been obtained in the United States, by the application of machinery wherever it has been practicable to manufactures, are rendered still more remarkable by the fact that combinations to resist its introduction there are unheard of. The workmen hail with satisfaction all mechanical improvements, the importance and value of which, as releasing them from the drudgery of unskilled labour, they are enabled by education to understand and appreciate. With the comparatively superabundant supply of hands in this country, and therefore a proportionate difficulty in obtaining remunerative employment, the working classes have less sympathy with the progress of invention. Their condition is a less favourable one than that of their American brethren for forming a just and unprejudiced estimate of the influence which the introduction of machinery is calculated to exercise on their state and prospects. I cannot resist the conclusion, however, that the different views taken by our operatives and those of the United States upon this subject are determined by other and powerful causes, besides those dependent on the supply of labour in the two countries. The principles which ought to regulate the relations between the employer and the employed seem to be thoroughly understood and appreciated in the United States; and while the law of limited liability affords the most ample facilities for the investment of capital in business, the intelligent and educated artisan is left equally free to earn all that he can, by making the best use of his hands, without let or hindrance by his fellows."[4]