J. A. Hobson, from Imperialism: A Study >> note 1

J. A. Hobson (1858–1940), the distinguished Liberal economist and writer, was educated at Oxford University and worked, first, as a schoolmaster, teaching Classics, then as a Lecturer in English literature and economics for the Oxford University Extension Delegacy and the London Society for the Extension of University Teaching, before becoming a freelance writer. His many books include Problems of Poverty (1891), The Evolution of Modern Capitalism (1894), The Problem of the Unemployed (1896), and John Ruskin, Social Reformer (1898).

The view of imperialism to emerge from the searching analysis of his influential Imperialism: A Study (1902) was diametrically opposed to that of Ruskin's inaugural lecture. The following extract is taken from the second part of Hobson's book.

An excerpt from J. A. Hobson's Imperialism: A Study is available at http://www.fordham.edu/halsall/mod/1902hobson.html