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
But as the common stock of technological knowledge increases in volume,
range, and efficiency, the material equipment whereby this knowledge of
ways and means is put into effect grows greater, more considerable
relatively to the capacity of the individual. And so soon, or in so far,
as the technological development falls into such shape as to require a
relatively large unit of material equipment for the effective pursuit of
industry, or such as otherwise to make the possession of the requisite
material equipment a matter of consequence, so as seriously to handicap
the individuals who are without these material means, and to place the
current possessors of such equipment at a marked advantage, then the
strong arm intervenes, property rights apparently begin to fall into
definite shape, the principles of ownership gather force and
consistency, and men begin to accumulate capital goods and take measures
to make them secure.
An appreciable advance in the industrial arts is commonly followed or
accompanied by an increase of population. The difficulty of procuring a
livelihood may be no greater after such an increase; it may even be
less; but there results a relative curtailment of the available area and
raw materials, and commonly also an increased accessibility of the
several portions of the community. A wide-reaching control becomes
easier. At the same time a larger unit of material equipment is needed
for the effective pursuit of industry. As this situation develops, it
becomes worth while--this is to say, it becomes feasible--for the
individual with the strong arm to engross, or "corner," the usufruct of
the commonplace knowledge of ways and means by taking over such of the
requisite material as may be relatively scarce and relatively
indispensable for procuring a livelihood under the current state of the
industrial arts.[4] Circumstances of space and numbers prevent escape
from the new technological situation. The commonplace knowledge of ways
and means cannot be turned to account, under the new conditions, without
a material equipment adapted to the then current state of the industrial
arts; and such a suitable material equipment is no longer a slight
matter, to be compassed by workmanlike initiative and application.
_Beati possidentes._
The emphasis of the technological situation, as one might say, may fall
now on one line of material items, now on another, according as the
exigencies of climate, topography, flora and fauna, density of
population, and the like, may decide. So also, under the rule of the
same exigencies, the early growth of property rights and of the
principles (habits of thought) of ownership may settle on one or another
line of material items, according as one or another affords the
strategic advantage for engrossing the current technological efficiency
of the community.
Public-domain text, read in full here on John Shaqi.
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