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significance of this particular change in opinions to be is set forth in the essay on "The Biogenetic Law."

Some Socialists will deprecate what may seem to them the unwise frankness of the paper on "The Nihilism of Socialism." To them I can only say that to me Socialism has always been essentially a revolutionary movement. Revolutionists, who attempt to maintain a distinction between their exoteric and their esoteric teachings, only succeed in making themselves ridiculous. But, even were the maintenance of such a distinction practicable, it would, in my judgment, be highly inexpedient. As a mere matter of policy, ever since I first entered the Socialist Movement, I have been a firm believer in the tactics admirably summed up in Danton's "De l'audace! Puis de l'audace! Et toujours de l'audace!"

Should any reader find himself repelled by "The Nihilism of Socialism," let me beg that he will not put the book aside until he has read the essay on "The Biogenetic Law."

I do not send forth this little book with any ambitious hope that it will be widely read, or even that it will convert any one to Socialism. My hope is far more modest. It is that this