The Place of Science in Modern Civilisation, and Other EssaysVeblen, Thorstein
Philosophy
The Place of Science in Modern Civilisation, and Other Essays
Veblen, Thorstein
Economics; Science
The animistic preconception was not lost, but it lost tone; and it
partly fell into abeyance, particularly so far as regards its avowal. It
is visible chiefly in the unavowed readiness of the classical writers to
accept as imminent and definitive any possible outcome which the
writer's habit or temperament inclined him to accept as right and good.
Hence the visible inclination of classical economists to a doctrine of
the harmony of interests, and their somewhat uncircumspect readiness to
state their generalisations in terms of what ought to happen according
to the ideal requirements of that consummate _Geldwirtschaft_ to which
men "are impelled by the provisions of nature."[37] By virtue of their
hedonistic preconceptions, their habituation to the ways of a pecuniary
culture, and their unavowed animistic faith that nature is in the right,
the classical economists knew that the consummation to which, in the
nature of things, all things tend, is the frictionless and beneficent
competitive system. This competitive ideal, therefore, affords the
normal, and conformity to its requirements affords the test of absolute
economic truth. The standpoint so gained selectively guides the
attention of the classical writers in their observation and apprehension
of facts, and they come to see evidence of conformity or approach to the
normal in the most unlikely places. Their observation is, in great part,
interpretative, as observation commonly is. What is peculiar to the
classical economists in this respect is their particular norm of
procedure in the work of interpretation. And, by virtue of having
achieved a standpoint of absolute economic normality, they became a
"deductive" school, so called, in spite of the patent fact that they
were pretty consistently employed with an inquiry into the causal
sequence of economic phenomena.
The generalisation of observed facts becomes a normalisation of them, a
statement of the phenomena in terms of their coincidence with, or
divergence from, that normal tendency that makes for the actualisation
of the absolute economic reality. This absolute or definitive ground of
economic legitimacy lies beyond the causal sequence in which the
observed phenomena are conceived to be interlinked. It is related to the
concrete facts neither as cause nor as effect in any such way that the
causal relation may be traced in a concrete instance. It has little
causally to do either with the "mental" or with the "physical" data with
which the classical economist is avowedly employed. Its relation to the
process under discussion is that of an extraneous--that is to say, a
ceremonial--legitimation. The body of knowledge gained by its help and
under its guidance is, therefore, a taxonomic science.
Public-domain text, read in full here on John Shaqi.
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