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
Of course, it is still possible consistently to hold that there is a
natural equivalence between work and its reward, that remuneration is
naturally, or normally, or in the long run, proportioned to the material
service rendered the community by the recipient; but that proposition
will hold true only if "natural" or "normal" be taken in such a sense as
to admit of our saying that the natural does not coincide with the
actual; and it must be recognised that such a doctrine of the "natural"
apportionment of wealth or of income disregards the efficient facts of
the case. Apart from effects of this kind in the way of equitable
arrangements traceable to grounds of sentiment, the only recourse which
modern science would afford the champion of a doctrine of natural
distribution, in the sense indicated, would be a doctrine of natural
selection; according to which all disserviceable or unproductive,
wasteful employments would, perforce, be weeded out as being
incompatible with the continued life of any community that tolerated
them. But such a selective elimination of unserviceable or wasteful
employments would presume the following two conditions, neither of which
need prevail: (1) It must be assumed that the disposable margin between
the aggregate productivity of industry and the aggregate necessary
consumption is so narrow as to admit of no appreciable waste of energy
or of goods; (2) it must be assumed that no deterioration of the
condition of society in the economic respect does or can "naturally"
take place. As to the former of these two assumptions, it is to be said
that in a very poor community, and under exceptionally hard economic
circumstances, the margin of production may be as narrow as the theory
would require. Something approaching this state of things may be found,
for instance, among some Eskimo tribes. But in a modern industrial
community--where the margin of admissible waste probably always exceeds
fifty per cent, of the output of goods--the facts make no approach to
the hypothesis. The second assumed condition is, of course, the
old-fashioned assumption of a beneficent, providential order or
meliorative trend in human affairs. As such, it needs no argument at
this day. Instances are not far to seek of communities in which economic
deterioration has taken place while the system of distribution, both of
income and of accumulated wealth, has remained on a pecuniary basis.
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