Industry as a Profession

Tawney proposes reorganizing industry on the model of a profession, where work is governed by standards of service, competence, and ethical conduct, rather than by the profit motive and shareholder interests.

The author proposes that industry should be organized as a profession, with responsibility placed on producers and consumers rather than absentee owners.

The chapter's title and core proposal: reorganizing industry as a profession, with service as the criterion of success and rules to enforce professional standards.

The chapter centrally proposes turning industry into a profession, where brain workers become function-based professionals rather than profit-driven employees.

Proposes that professional organizations should govern industry, with producers having direct responsibility to the community and subject to consumer supervision.