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
To return to the benign order of nature, or the meliorative trend,--its
passing, as an article of economic faith, was not due to criticism
leveled against it by the later classical economists on grounds of its
epistemological incongruity. It was tried on its merits, as an alleged
account of facts; and the weight of evidence went against it. The belief
in a self-realising trend had no sooner reached a competent and
exhaustive statement--_e.g._, at Bastiat's hands, as a dogma of the
harmony of interests specifically applicable to the details of economic
life--than it began to lose ground. With his usual concision and
incisiveness, Cairnes completed the destruction of Bastiat's special
dogma, and put it forever beyond a rehearing. But Cairnes is not a
destructive critic of the classical political economy, at least not in
intention: he is an interpreter and continuer--perhaps altogether the
clearest and truest continuer--of the classical teaching. While he
confuted Bastiat and discredited Bastiat's peculiar dogma, he did not
thereby put the order of nature bodily out of the science. He qualified
and improved it, very much as Mill qualified and improved the tenets of
the hedonistic psychology. As Mill and the ethical speculation of his
generation threw more of personality into the hedonistic psychology, so
Cairnes and the speculators on scientific method (such as Mill and
Jevons) attenuated the imputation of personality or teleological content
to the process of material cause and effect. The work is of course, by
no means, an achievement of Cairnes alone; but he is, perhaps, the best
exponent of this advance in economic theory. In Cairnes's redaction this
foundation of the science became the concept of a colorless normality.
It was in Cairnes's time the fashion for speculators in other fields
than the physical sciences to look to those sciences for guidance in
method and for legitimation of the ideals of scientific theory which
they were at work to realize. More than that, the large and fruitful
achievements of the physical sciences had so far taken men's attention
captive as to give an almost instinctive predilection for the methods
that had approved themselves in that field. The ways of thinking which
had on this ground become familiar to all scholars occupied with any
scientific inquiry, had permeated their thinking on any subject
whatever. This is eminently true of British thinking.
Public-domain text, read in full here on John Shaqi.
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