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 next great theorem of this theory of acquisition is at
cross-purposes with this one. Men get useful goods only at the cost of
producing them, and production is irksome, painful, as has been
recounted above. They go on producing utilities until, at the margin,
the last increment of utility in the product is balanced by the
concomitant increment of disutility in the way of irksome productive
effort,--labor or abstinence. At the margin, pleasure-gain is balanced
by pain-cost. But the "effective utility" of the total product is
measured by that of the final unit; the effective utility of the whole
is given by the number of units of product multiplied by the effective
utility of the final unit; while the effective disutility (pain-cost) of
the whole is similarly measured by the pain-cost of the final unit. The
"total effective utility" of the producer's product equals the "total
effective disutility" of his pains of acquisition. Hence there is no net
surplus of utility in the outcome.
The corrective objection is ready to hand,[36] that, while the balance
of utility and disutility holds at the margin, it does not hold for the
earlier units of the product, these earlier units having a larger
utility and a lower cost, and so leaving a large net surplus of utility,
which gradually declines as the margin is approached. But this attempted
correction evades the hedonistic test. It shifts the ground from the
calculus to the objects which provoke the calculation. Utility is a
psychological matter, a matter of pleasurable appreciation, just as
disutility, conversely, is a matter of painful appreciation. The
individual who is held to count the costs and the gain in this
hedonistic calculus is, by supposition, a highly reasonable person. He
counts the cost to him as an individual against the gain to him as an
individual. He looks before and after, and sizes the whole thing up in a
reasonable course of conduct. The "absolute utility" would exceed the
"effective utility" only on the supposition that the "producer" is an
unreflecting sensory apparatus, such as the beasts of the field are
supposed to be, devoid of that gift of appraisement and calculation
which is the hypothetical hedonist's only human trait. There might on
such a supposition--if the producer were an intelligent sensitive
organism simply--emerge an excess of total pleasure over total pain, but
there could then be no talk of utility or of disutility, since these
terms imply intelligent reflection, and they are employed because they
do so. The hedonistic producer looks to his own cost and gain, as an
intelligent pleasure-seeker whose consciousness compasses the contrasted
elements as wholes. He does not contrast the balance of pain and
pleasure in the morning with the balance of pain and pleasure in the
afternoon, and say that there is so much to the good because he was not
so tired in the morning. Indeed, by hypothesis, the pleasure to be
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