Social Value: A Study in Economic Theory, Critical and ConstructiveAnderson, Benjamin M. (Benjamin McAlester)
General
Social Value: A Study in Economic Theory, Critical and Constructive
Anderson, Benjamin M. (Benjamin McAlester)
Value
Now all of this is, of course, commonplace. And yet a failure to recognize
it has vitiated very much thinking in the field of economic theory.
Economic thought is to-day very largely based on the philosophic
conceptions which characterize the period in which economics began to be a
differentiated science,--the skeptical doctrines of David Hume, the close
friend of Adam Smith.[88] The individual is all-important; his world of
thought and feeling is shut off from that of every other man; social
relationships are largely mechanical, and grow out of calculating
self-interest on the part of the individual; social laws are conceived
after the analogy of physical laws. Ethics and politics, however, have been
far more influenced by later thinking, and the organic conception of
society has largely dominated these sciences of late, while the new
science, sociology, free to base itself more largely upon present-day
epistemological, philosophical, and psychological notions, has gone further
than any other in accepting the doctrine of the unity and pervasiveness of
social relations, organically conceived. I think there are few things more
strikingly in contrast than the conception of society which the student
meets in most works on economic theory, and that which he meets in studying
the other social sciences. That this is so is due precisely to the fact
that the economists have too largely neglected philosophy and psychology,
and have accepted uncritically the assumptions of the founders of the
science. Doctrines accepted then have become _crystallized_, and still form
part of the current stock in trade of economic science, even though
rejected by philosophy itself.
To one of these faulty doctrines from the earlier time, attention has
already been called. It is that the intensities of wants and aversions in
the mind of one man stand in no relation to the same phenomena in the mind
of another man, and that there can be no comparison instituted between
them. The individual is an isolated monad,[89] mechanically connected with
his fellows, who are to him "a part of the _non-ego_,"[90] but spiritually
self-sufficient and inaccessible. The doctrine appears in Marshall's
statement:[91] "No one can compare and measure accurately against one
another even his own mental states at different times, and no one can
measure the mental states of another at all, except indirectly and
conjecturally, by their effects." Pareto I have quoted, as also Jevons, in
chapter IV. The doctrine appears in Professor Veblen's recent article in
criticism of Professor Clark:[92]--
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account