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
There is a curious reminiscence of the perfect taxonomic day in Mr.
Keynes's characterisation of political economy as a "positive science,"
"the sole province of which is to establish economic uniformities";[17]
and, in this resort to the associationist expedient of defining a
natural law as a "uniformity," Mr. Keynes is also borne out by Professor
Marshall.[18] But this and other survivals of the taxonomic terminology,
or even of the taxonomic canons of procedure, do not hinder the
economists of the modern school from doing effective work of a character
that must be rated as genetic rather than taxonomic. Professor
Marshall's work in economics is not unlike that of Asa Gray in botany,
who, while working in great part within the lines of "systematic botany"
and adhering to its terminology, and on the whole also to its point of
view, very materially furthered the advance of the science outside the
scope of taxonomy.
Professor Marshall shows an aspiration to treat economic life as a
development; and, at least superficially, much of his work bears the
appearance of being a discussion of this kind. In this endeavor his work
is typical of what is aimed at by many of the later economists. The aim
shows itself with a persistent recurrence in his _Principles_. His
chosen maxim is, "Natura non facit saltum,"--a maxim that might well
serve to designate the prevailing attitude of modern economists towards
questions of economic development as well as towards questions of
classification or of economic policy. His insistence on the continuity
of development and of the economic structure of communities is a
characteristic of the best work along the later line of classical
political economy. All this gives an air of evolutionism to the work.
Indeed, the work of the neo-classical economics might be compared,
probably without offending any of its adepts, with that of the early
generation of Darwinians, though such a comparison might somewhat
shrewdly have to avoid any but superficial features. Economists of the
present day are commonly evolutionists, in a general way. They commonly
accept, as other men do, the general results of the evolutionary
speculation in those directions in which the evolutionary method has
made its way. But the habit of handling by evolutionist methods the
facts with which their own science is concerned has made its way among
the economists to but a very uncertain degree.
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