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PART III. THE PRESUPPOSITIONS OF ECONOMIC THEORY CHAPTER VIII THE PHILOSOPHICAL AND PSYCHOLOGICAL PRESUPPOSITIONS

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Connection between social philosophy and metaphysics and epistemology always close—Three stages in history of philosophy: dogmatic, skeptical, critical—Ancient and modern philosophy have each gone through these three stages—Each philosophic stage characterized by distinctive social philosophy: individualism and sociological monadism go with skeptical philosophy, while organic conception of society goes with critical stage—Economics to-day based on skeptical philosophy of Hume—Doctrine of sociological monadism: Marshall, Pareto, Jevons, Veblen, Davenport—Critique of sociological monadism, from standpoint of epistemology and psychology 59

Social Value: A Study in Economic Theory, Critical and Constructive

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