Produced by David Garcia, Marilynda Fraser-Cunliffe and the Online Distributed Proofreading Team at http://www.pgdp.net (This book was produced from scanned images of public domain material from the Google Print project.) THE PLACE OF SCIENCE IN MODERN CIVILISATION BOOKS BY THORSTEIN VEBLEN THE THEORY OF THE LEISURE CLASS THE THEORY OF BUSINESS ENTERPRISE THE INSTINCT OF WORKMANSHIP IMPERIAL GERMANY AND THE INDUSTRIAL REVOLUTION THE NATURE OF PEACE AND THE TERMS OF ITS PERPETUATION THE HIGHER LEARNING IN AMERICA THE VESTED INTERESTS AND THE STATE OF THE INDUSTRIAL ARTS THE PLACE OF SCIENCE IN MODERN CIVILISATION THE PLACE OF SCIENCE IN MODERN CIVILISATION AND OTHER ESSAYS _by_ THORSTEIN VEBLEN _New York_ B. W. HUEBSCH _Mcmxix_ COPYRIGHT, 1919 BY B. W. HUEBSCH PRINTED IN THE UNITED STATES OF AMERICA PUBLISHER'S NOTE These essays are here reprinted from various periodicals, running over a period of about twenty years. The selection is due to Messrs. Leon Ardzrooni, Wesley C. Mitchell and Walter W. Stewart. It is unlikely that more than a few public libraries possess files so complete as to give access to all of these essays, and even if the magazines were readily obtainable at libraries they would almost certainly have to be read in those institutions. The nature of the material, its timeliness (Mr. Veblen deals with ideas in such a manner as to give the date of composition a secondary importance), and the fact that it would otherwise be lost to all save diligent excavators, explain its preservation in this form. The courtesy of the periodicals in which the papers first appeared, in permitting their reproduction, is gratefully acknowledged. CONTENTS PAGE THE PLACE OF SCIENCE IN MODERN CIVILISATION 1 THE EVOLUTION OF THE SCIENTIFIC POINT OF VIEW 32 WHY IS ECONOMICS NOT AN EVOLUTIONARY SCIENCE? 56 THE PRECONCEPTIONS OF ECONOMIC SCIENCE. I. 82 " " " " " II. 114 " " " " " III. 148 PROFESSOR CLARK'S ECONOMICS 180 THE LIMITATIONS OF MARGINAL UTILITY 231 GUSTAV SCHMOLLER'S ECONOMICS 252 INDUSTRIAL AND PECUNIARY EMPLOYMENTS 279 ON THE NATURE OF CAPITAL. I. 324 " " " " " II. 352 SOME NEGLECTED POINTS IN THE THEORY OF SOCIALISM 387 THE SOCIALIST ECONOMICS OF KARL MARX. I. 409 " " " " " " II. 431 THE MUTATION THEORY AND THE BLOND RACE 457 THE BLOND RACE AND THE ARYAN CULTURE 477 AN EARLY EXPERIMENT IN TRUSTS 497 THE PLACE OF SCIENCE IN MODERN CIVILISATION[1]