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
Nature, then, is the final term in the Physiocratic speculations. Nature
works by impulse and in an unfolding process, under the stress of a
propensity to the accomplishment of a given end. This propensity, taken
as the final cause that is operative in any situation, furnishes the
basis on which to cooerdinate all our knowledge of those efficient causes
through which Nature works to her ends. For the purpose of economic
theory proper, this is the ultimate ground of reality to which our quest
of economic truth must penetrate. But back of Nature and her works there
is, in the Physiocratic scheme of the universe, the Creator, by whose
all-wise and benevolent power the order of nature has been established
in all the strength and beauty of its inviolate and immutable
perfection. But the Physiocratic conception of the Creator is
essentially a deistic one: he stands apart from the course of nature
which he has established, and keeps his hands off. In the last resort,
of course, "Dieu seul est producteur. Les hommes travaillent,
receuillent, economisent, conservent; mais _economiser_ n'est pas
_produire_."[7] But this last resort does not bring the Creator into
economic theory as a fact to be counted with in formulating economic
laws. He serves a homiletical purpose in the Physiocratic speculations
rather than fills an office essential to the theory. He comes within the
purview of the theory by way of authentication rather than as a subject
of inquiry or a term in the formulation of economic knowledge. The
Physiocratic God can scarcely be said to be an economic fact, but it is
otherwise with that Nature whose ways and means constitute the
subject-matter of the Physiocratic inquiry.
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