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 sequence of events, including human motives and human conduct, is a
causal sequence; but it is also something more, or, rather, there is
also another element of continuity besides that of brute cause and
effect, present even in the step-by-step process whereby the natural
course of things reaches its final term. The presence of such a
quasi-spiritual or non-causal element is evident from two (alleged)
facts. (1) The course of things may be deflected from the direct line of
approach to that consummate human welfare which is its legitimate end.
The natural trend of things may be overborne by an untoward conjuncture
of causes. There is a distinction, often distressingly actual and
persistent, between the legitimate and the observed course of things. If
"natural," in Adam Smith's use, meant necessary, in the sense of
causally determined, no divergence of events from the natural or
legitimate course of things would be possible. If the mechanism of
nature, including man, were a mechanically competent contrivance for
achieving the great artificer's design, there could be no such episodes
of blundering and perverse departure from the direct path as Adam Smith
finds in nearly all existing arrangements. Institutional facts would
then be "natural."[4] (2) When things have gone wrong, they will right
themselves if interference with the natural course ceases; whereas, in
the case of a causal sequence simply, the mere cessation of interference
will not leave the outcome the same as if no interference had taken
place. This recuperative power of nature is of an extra-mechanical
character. The continuity of sequence by force of which the natural
course of things prevails is, therefore, not of the nature of cause and
effect, since it bridges intervals and interruptions in the causal
sequence.[5] Adam Smith's use of the term "real" in statements of
theory--as, for example, "real value," "real price"[6]--is evidence to
this effect. "Natural" commonly has the same meaning as "real" in this
connection.[7] Both "natural" and "real" are placed in contrast with the
actual; and, in Adam Smith's apprehension, both have a substantiality
different from and superior to facts. The view involves a distinction
between reality and fact, which survives in a weakened form in the
theories of "normal" prices, wages, profits, costs, in Adam Smith's
successors.
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