Money

Dr. Watts is Chairman of the Division of Social Studies at Northwood Institute, a private college dedicated to the philosophy and practice of free enterprise. This article is from lecture material for his course: Sur vey of American Life and Business. 48 It follows that human welfare, prosperity, and progress do not consist in escape from stress and strain, nor in mere abundance of the means of subsistence or enter tainment. Instead, welfare, pros perity, and progress correspond to the level of creative activity and the rate of achievement in dis covering and developing new abili ties and instruments for making the environment more hospitable to higher levels of living. Prosper ity is pursuit of a flying goal. It is pursuit of abundance that es capes our grasp because human aspirations and capacities for achievements appear to know no bounds. RESPON SIBILITY In man, however, creative action has reached a new stage of evolu tion. In the human being the life force has become self-conscious, self-controlUng, and self-directing.