TAILIEUCHUNG - History of Economic Analysis part 17

History of Economic Analysis part 17. At the time of his death in 1950, Joseph Schumpeter-one of the major figures in economics during the first half of the 20th century-was working on his monumental History of Economic Analysis. A complete history of humankind's theoretical efforts to understand economic phenomena from ancient Greece to the present, this book is an important contribution to the history of ideas as well as to economics. | History of economic analysis 122 that social processes are governed by a super-individual logic of their own to the understanding of which the psychology of individuals and groups has nothing to contribute except the knowledge of surface phenomena for the sake of which moreover it is not necessary to go very far into psychology. No matter which of these two views of the nature and method of the social sciences we make our own we must never forget that the one sponsored by our representative authors cannot simply be taken for granted. In order to emphasize this we will give it a distinctive label Psychologism. Second the sociology that was based upon that science of man tended to overstress just as Aristotle s had overstressed the element of rationality in behavior. It is therefore interesting to note that the best brains began to react against this. For instance curious lag phenomenon while the contrat social was carried to the high-water mark of its popularity by such writers as Rousseau Hume already denounced it as a completely imaginary and moreover unnecessary construct. In addition he fired another shot at a similar target when he penned the pithy sentence tis not therefore reason which is the guide of life but custom Abstract p. 16 . b Analytic Aesthetics and Ethics. The way in which that fundamental science of man of human nature human knowledge and human behavior produced all sorts of natural laws may be illustrated best by what may be described as the English natural aesthetics and the natural ethics of the eighteenth century. Of course not all speculations on aesthetics and ethics were offshoots of that science even in England but we are interested only in those that were because these present highly revealing analysis by methods that were to serve economic analysis for more than a century to come. Natural aesthetics and ethics were first analytic aesthetics and ethics though the normative purpose was never discarded it was not allowed to interfere with .

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