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 process of change in the point of view, or in the terms of
definitive formulation of knowledge, is a gradual one; and all the
sciences have shared, though in an unequal degree, in the change that is
going forward. Economics is not an exception to the rule, but it still
shows too many reminiscences of the "natural" and the "normal," of
"verities" and "tendencies," of "controlling principles" and "disturbing
causes" to be classed as an evolutionary science. This history of the
science shows a long and devious course of disintegrating
animism,--from the days of the scholastic writers, who discussed usury
from the point of view of its relation to the divine suzerainty, to the
Physiocrats, who rested their case on an "_ordre naturel_" and a "_loi
naturelle_" that decides what is substantially true and, in a general
way, guides the course of events by the constraint of logical
congruence. There has been something of a change from Adam Smith, whose
recourse in perplexity was to the guidance of "an unseen hand," to Mill
and Cairnes, who formulated the laws of "natural" wages and "normal"
value, and the former of whom was so well content with his work as to
say, "Happily, there is nothing in the laws of Value which remains for
the present or any future writer to clear up: the theory of the subject
is complete."[4] But the difference between the earlier and the later
point of view is a difference of degree rather than of kind.
The standpoint of the classical economists, in their higher or
definitive syntheses and generalisations, may not inaptly be called the
standpoint of ceremonial adequacy. The ultimate laws and principles
which they formulated were laws of the normal or the natural, according
to a preconception regarding the ends to which, in the nature of things,
all things tend. In effect, this preconception imputes to things a
tendency to work out what the instructed common sense of the time
accepts as the adequate or worthy end of human effort. It is a
projection of the accepted ideal of conduct. This ideal of conduct is
made to serve as a canon of truth, to the extent that the investigator
contents himself with an appeal to its legitimation for premises that
run back of the facts with which he is immediately dealing, for the
"controlling principles" that are conceived intangibly to underlie the
process discussed, and for the "tendencies" that run beyond the
situation as it lies before him. As instances of the use of this
ceremonial canon of knowledge may be cited the "conjectural history"
that plays so large a part in the classical treatment of economic
institutions, such as the normalized accounts of the beginnings of
barter in the transactions of the putative hunter, fisherman, and
boat-builder, or the man with the plane and the two planks, or the two
men with the basket of apples and the basket of nuts.[5] Of a similar
import is the characterisation of money as "the great wheel of
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