Oppenheim, the inventor of their nickname, laid aside his scoffing, and
seconded some of their measures energetically. Indeed, their chief
adversaries are now the socialists, who cannot forgive them for going
one mile with them and yet refusing to go twain--for adopting their
diagnosis and yet rejecting their prescription. Brentano, who is one of
the most moderate, as well as one of the ablest of them, takes nearly as
grave a view of the state of modern industrial society as the socialists
themselves do; and he says that if the evils from which it suffers could
not be removed otherwise, it would be impossible to avoid much longer a
socialistic experiment. But then he maintains that they can be removed
otherwise, and one of the chief motives of himself and his allies in
their practical work is to put an end to socialistic agitation by curing
the ills which have excited it.
The key to the position of the Socialists of the Chair lies in their
historical method. This method has nothing to do with the question
sometimes discussed whether the proper method of political economy is
the inductive or the deductive. On that question the historical school
of economists are entirely agreed with the classical school. Roscher,
for example, adopts Mill's description of political economy as a
concrete deductive science, whose _à priori_ conclusions, based on laws
of human nature, must be tested by experience, and says that an economic
fact can be said to have received a scientific explanation only when its
inductive and deductive explanations have met and agreed. He makes,
indeed, two qualifying remarks. One is, that it ought to be remembered
that even the deductive explanation is based on observation, on the
self-observation of the person who offers it. This will be admitted by
all. The other is, that every explanation is only provisional, and
liable to be superseded in the course of the progress of knowledge, and
of the historical growth of social and economic structure. This will
also be admitted, and it is no peculiarity of political economy. There
is no science whose conclusions are not modified by the advance of
knowledge; and there are many sciences besides political economy whose
phenomena change their type in lapse of time. Roscher's proviso,
therefore, amounts to nothing more than a caution to economic
investigators to build their explanations scrupulously on the facts, the
whole facts, and nothing but the facts, and to be specially on their
guard against applying to the circumstances of one period or nation
explanations and recommendations which are only just regarding another.
The same disease may have different symptoms in a child from what it has
in a man, and a somewhat different type at the present day from what it
had some centuries ago; and it may therefore require a quite different
treatment. That is a very sound principle and a very self-evident one,
and it contains the whole essence of the historical method, which, so
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