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
It may seem that in the characterisation just offered of the standpoint
of normality in economics there is too strong an implication of
colorlessness and impartiality. The objection holds as regards much of
the work of the modern economists of the classical line. It will hold
true even as to much of Cairnes's work; but it cannot be admitted as
regards Cairnes's ideal of scientific aim and methods. The economists
whose theories Cairnes received and developed, assuredly did not pursue
the discussion of the normal case with an utterly dispassionate animus.
They had still enough of the older teleological metaphysics left to give
color to the accusation brought against them that they were advocates of
_laissez-faire_. The preconception of the utilitarians,--in substance
the natural-rights preconception,--that unrestrained human conduct will
result in the greatest human happiness, retains so much of its force in
Cairnes's time as is implied in the then current assumption that what is
normal is also right. The economists, and Cairnes among them, not only
are concerned to find out what is normal and to determine what
consummation answers to the normal, but they also are at pains to
approve that consummation. It is this somewhat uncritical and often
unavowed identification of the normal with the right that gives
colorable ground for the widespread vulgar prejudice, to which Cairnes
draws attention,[8] that political economy "sanctions" one social
arrangement and "condemns" another. And it is against this uncritical
identification of two essentially unrelated principles or categories
that Cairnes's essay on "Political Economy and Laissez-faire," and in
good part also that on Bastiat, are directed. But, while this is one of
the many points at which Cairnes has substantially advanced the ideals
of the science, his own concluding argument shows him to have been but
half-way emancipated from the prejudice, even while most effectively
combating it.[9] It is needless to point out that the like prejudice is
still present in good vigor in many later economists who have had the
full benefit of Cairnes's teachings on this head.[10] Considerable as
Cairnes's achievement in this matter undoubtedly was, it effected a
mitigation rather than an elimination of the untenable metaphysics
against which he contended.
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