Part Iii. the Presuppositions of Economic

THEORY

CHAPTER VIII

THE PHILOSOPHICAL AND PSYCHOLOGICAL PRESUPPOSITIONS

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