Essentials of Economic Theory: As Applied to Modern Problems of Industry and Public PolicyClark, John Bates
General
Essentials of Economic Theory: As Applied to Modern Problems of Industry and Public Policy
Clark, John Bates
Economics
_Differences between the Actual Shape of Society and the Static One at
Any One Time._--The actual shape of society at any one time is not the
static model of that time; but it tends to conform to it, and in a
very dynamic society is more nearly like it than it would be in one in
which the forces of change are less active. With all the transforming
influences to which American industrial society is subject, it to-day
conforms more closely to a normal form than do the more conservative
societies of Europe and far more closely than do the sluggish
societies of Asia. A viscous liquid in a vessel may show a surface
that is far from level; but a highly fluid substance will come nearly
to a level, even though we shake the vessel containing it vigorously
enough to create waves on the surface and currents throughout the
whole mass. This is a fair representation of a society in a highly
dynamic condition. Its very activities tend to bring it nearer to its
static model than it would be if its constituent materials were not
fluid and if it were never agitated. The static shape itself, though
it is never completely copied in the actual shape of society, is for
scientific purposes a reality. There are powerful influences tending
to force the industrial organization at every point to conform to it.
The level of the sea is a reality, though the motion of the waters
never subsides sufficiently to make their surface accurately conform
to it. As vigorously agitated, the water shows a surface that is
nearer to the ideal level than would an ocean of mud, tar, or other
sluggishly flowing stuff. The winds throw up waves a few feet high,
but the fluidity keeps the general surface surprisingly level; and so
civilized society, made as it is of fluid material kept in vigorous
agitation, finds, as it were, its level easily. If in any year we
could and should stop the dynamic disturbances, the economic society
would assume the static shape which the conditions of that year called
for as readily as the sea would find its normal level if winds and
tides should completely cease. Static influences that draw society
forever toward its natural form are always fundamental, and progress
has no tendency to suppress them.
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