A provocative and serious analysis of the timeless precept, written by a man of unusual scholarship. He traces first the evolution of this school of esthetics, then discusses art in relation to money, prestige, morality, propaganda, religion, etc. Lucid -- undogmatic. He justifies functional art, in its place, claiming that pure art exists for art's sake alone. Value lies only in its stimulating discussion and in its contribution of significant material about literary trends and personages.