course, not independent; they depend ultimately upon the genuine sciences
for much of their power and ought to go to them for light and guidance;
but what I mean here by saying they are not independent is that they are
dependent upon each other, interpenetrating and interlocking in
innumerable ways. To show _in detail_ how the so-called sciences will have
to be transformed to make them accord with the right conception of man and
qualify them for their proper business will eventually require a large
volume or indeed volumes.
In this introductory work I cannot deal fully with one of those “sciences”
nor in suitable outline with each of them separately. I must be content
here to deal, very briefly, with one of them by way of illustration and
suggestion. Which one shall it be?
Now among these life-regulating “sciences” there is one specially marked
by the importance of its subject, by its central relation to the others
and by its prominence in the public mind. I mean Economics—the “dismal
science” of Political Economy. For that reason I have chosen to deal with
economics. In the present chapter I shall discuss three of its principal
terms—Wealth, Capital and Money—with a view to showing that the current
meanings and interpretations of these familiar terms must be very greatly
deepened, enlarged and elevated if they are to accord with facts and laws
of human nature and if the so-called “science” which employs them is to
become a genuine science properly qualified to be a branch of Human
Engineering. It is to be shown that the meanings currently attached by
political economists and others to the terms in question belong to what I
have called the period of humanity’s childhood; and it is to be shown that
the new meanings which the terms must receive belong to the period of
humanity’s manhood. It will be seen that the new meanings differ so
radically from the old ones as to make it desirable for the sake of
clarity to give the new meanings new names. But this, however
scientifically desirable, is impracticable because the old terms—wealth,
capital, money—are so deeply imbedded in the speech of the world. And here
comes into view the very special difficulty alluded to above and which led
me to request the reader’s special cooperation in this chapter. The
difficulty is not merely that of destroying old ideas that are false; it
is not merely that of replacing them with true ideas that are new; it is
that of causing people habitually to associate meanings that are new and
true with terms associated so long, so universally, so uniformly with
meanings that are false.
Public-domain text, read in full here on John Shaqi.
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