Have you ever thought of a very peculiar situation in the theorizing by scholars? That little or no provision has been made for action, doing, accomplishing, administration? The one vital flow of effort necessary to progress, even to existence, has not been brought into any of the philosophic systems in the two or three thousand years of effort.

It was at Harvard in the period 1878–1907 that a start was made along a new line. This was the conception and elaboration of a philosophy that provided a place for action, even for business administration.