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 relation of cause and effect; the relation of sufficient reason
being admitted only provisionally and as a proximate factor in the
analysis, always with the unambiguous reservation that the analysis must
ultimately come to rest in terms of cause and effect. The merits of this
scientific animus, of course, do not concern the present argument.
Now, it happens that the relation of sufficient reason enters very
substantially into human conduct. It is this element of discriminating
forethought that distinguishes human conduct from brute behavior. And
since the economist's subject of inquiry is this human conduct, that
relation necessarily comes in for a large share of his attention in any
theoretical formulation of economic phenomena, whether hedonistic or
otherwise. But while modern science at large has made the causal
relation the sole ultimate ground of theoretical formulation; and while
the other sciences that deal with human life admit the relation of
sufficient reason as a proximate, supplementary, or intermediate ground,
subsidiary, and subservient to the argument from cause to effect;
economics has had the misfortune--as seen from the scientific point of
view--to let the former supplant the latter. It is, of course, true that
human conduct is distinguished from other natural phenomena by the human
faculty for taking thought, and any science that has to do with human
conduct must face the patent fact that the details of such conduct
consequently fall into the teleological form; but it is the peculiarity
of the hedonistic economics that by force of its postulates its
attention is confined to this teleological bearing of conduct alone. It
deals with this conduct only in so far as it may be construed in
rationalistic, teleological terms of calculation and choice. But it is
at the same time no less true that human conduct, economic or otherwise,
is subject to the sequence of cause and effect, by force of such
elements as habituation and conventional requirements. But facts of this
order, which are to modern science of graver interest than the
teleological details of conduct, necessarily fall outside the attention
of the hedonistic economist, because they cannot be construed in terms
of sufficient reason, such as his postulates demand, or be fitted into a
scheme of teleological doctrines.
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