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 earlier, more archaic metaphysics of the science, which saw in the
orderly correlation and sequence of events a constraining guidance of an
extra-causal, teleological kind, in this way becomes a metaphysics of
normality which asserts no extra-causal constraint over events, but
contents itself with establishing correlations, equivalencies,
homologies, and theories concerning the conditions of an economic
equilibrium. The movement, the process of economic life, is not
overlooked, and it may even be said that it is not neglected; but the
pure theory, in its final deliverances, deals not with the dynamics, but
with the statics of the case. The concrete subject-matter of the science
is, of course, the process of economic life,--that is unavoidably the
case,--and in so far the discussion must be accepted as work bearing on
the dynamics of the phenomena discussed; but even then it remains true
that the aim of this work in dynamics is a determination and taxis of
the outcome of the process under discussion rather than a theory of the
process as such. The process is rated in terms of the equilibrium to
which it tends or should tend, not conversely. The outcome of the
process, taken in its relation of equivalence within the system, is the
point at which the inquiry comes to rest. It is not primarily the point
of departure for an inquiry into what may follow. The science treats of
a balanced system rather than of a proliferation. In this lies its
characteristic difference from the later evolutionary sciences. It is
this characteristic bent of the science that leads its spokesman,
Cairnes, to turn so kindly to chemistry rather than to the organic
sciences, when he seeks an analogy to economics among the physical
sciences.[7] What Cairnes has in mind in his appeal to chemistry is, of
course, the received, extremely taxonomic (systematic) chemistry of his
own time, not the tentatively genetic theories of a slightly later day.
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