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Historically, the professional intellectual is a very recent phenomenon: he dates only from the industrial revolution. There are no professional intellectuals in primitive, savage societies, there are only witch doctors. There were no professional intellectuals in the Middle Ages, there were only monks in monasteries. In the post-Renaissance era, prior to the birth of capitalism, the men of the intellect—the philosophers, the teachers, the writers, the early scientists—were men without a profession, that is: without a socially recognized position, without a market, without a means of earning a livelihood. Intellectual pursuits had to depend on the accident of inherited wealth or on the favor and financial support of some wealthy protector. And wealth was not earned on an open market, either; wealth was acquired by conquest, by force, by political power, or by the favor of those who held political power. Tradesmen were more vulnerably and precariously dependent on favor than the intellectuals.

The professional businessman and the professional intellectual came into existence together, as brothers born of the industrial revolution. Both are the sons of capitalism—and if they perish, they will perish together. The tragic irony will be that they will have destroyed each other; and the major share of the guilt will belong to the intellectual.

Copyright © 1986 by Harry Binswanger. Introduction copyright © 1986 by Leonard Peikoff. All rights reserved. For information address New American Library.

Acknowledgments

Excerpts from The Ominous Parallels, by Leonard Peikoff. Copyright © 1982 by Leonard Peikoff. Reprinted with permission of Stein and Day Publishers. Excerpts from The Romantic Manifesto, by Ayn Rand. Copyright © 1971, by The Objectivist. Reprinted with permission of Harper & Row, Publishers, Inc. Excerpts from Atlas Shrugged, copyright © 1957 by Ayn Rand, The Fountainhead, copyright © 1943 by Ayn Rand, and For the New Intellectual, copyright © 1961 by Ayn Rand. Reprinted by permission of the Estate of Ayn Rand. Excerpts from Philosophy: Who Needs It, by Ayn Rand. Copyright © 1982 by Leonard Peikoff, Executor, Estate of Ayn Rand. Reprinted by permission of the Estate of Ayn Rand. Excerpts from “The Philosophy of Objectivism” lecture series. Copyright © 1976 by Leonard Peikoff. Reprinted by permission. Excerpts from Alvin Toffler’s interview with Ayn Rand, which first appeared in Playboy magazine. Copyright © 1964. Reprinted by permission of Alvin Toffler. All rights reserved including the right of reproduction in whole or in part in any form. Used by arrangement with Plume, a member of Penguin Group (USA), Inc.