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STANFORD UNIVERSITY
DEPARTMENT OF HISTORY
STANFORD UNIVERSITY, CALIFORNIA
(5)

In economics we talk about high and low standards of
living. A Westerner because of physical-make has a
superior capacity for consuming more and, of course, he pays
more. But because he eats more and pays more [ ]
does not make him a superior economic man. The
prevailing conception of the standard of living requires
a thorough scientific moralization before we can
[ ] speak more intelligently about it. Only it should be
observed that this idea is closely bound with the
philosophy of materialism. (+)