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 effects of the like one-sided discipline are similarly visible in
the highly irregular, conventionally indefensible attitude of the
industrial classes in the current labor and wage disputes, not of an
avowedly socialistic aim. So also as regards the departure from the
ancient norm in such non-economic, or secondarily economic matters as
the family relation and responsibility, where the disintegration of
conventionalities in the industrial towns is said to threaten the
foundations of domestic life and morality; and again as regards the
growing inability of men trained to materialistic, industrial habits of
thought to appreciate, or even to apprehend, the meaning of religious
appeals and consolations that proceed on the old-fashioned conventional
or metaphysical grounds of validity. But these and other like directions
in which the cultural effects of the modern specialisation of
occupations, whether in industry or in business, may be traceable can
not be followed up here.
FOOTNOTES:
[1] Reprinted by permission from _Publications of the American Economic
Association_, series 3, Vol. II.
[2] Some late writers, as, _e.g._, J. B. Clark, apparently must be held
to conceive the equivalence in terms of productive force rather than of
serviceability; or, perhaps, in terms of serviceability on one side of
the equation and productive force on the other.
[3] J. B. Clark, _The Distribution of Wealth_, p. 20.
[4] The undertaker gets an income; therefore he must produce goods. But
human activity directed to the production of goods is labor; therefore
the undertaker is a particular kind of laborer. There is, of course,
some dissent from this position.
[5] The change which has supervened as regards the habitual resort to a
natural law of equivalence is in large part a change with respect to the
degree of immediacy and "reality" imputed to this law, and to a still
greater extent a change in the degree of overtness with which it is
avowed.
[6] See, _e.g._, a paper by H. C. Emery in the _Papers and Proceedings
of the Twelfth Annual Meeting_ of the American Economic Association, on
"The Place of the Speculator in the Theory of Distribution," and more
particularly the discussion following the paper.
[7] _Cf. e.g._, Marx, _Capital_, especially bk. I, ch. IV.
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