Theory and History. Людвиг фон Мизес

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Theory and History - Людвиг фон Мизес Liberty Fund Library of the Works of Ludwig von Mises

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concerned whether there is A or B. Then his judgment of value expresses indifference. No action can result from such a neutral disposition.

      Sometimes the utterance of a judgment of value is elliptical and makes sense only if appropriately completed by the hearer. “I don’t like measles” means “I prefer the absence of measles to its presence.” Such incompleteness is the mark of all references to freedom. Freedom invariably means freedom from (absence of) something referred to expressly or implicitly. The grammatical form of such judgments may be qualified as negative. But it is vain to deduce from this idiomatic attire of a class of judgments of value any statements about their content and to blame them for an alleged negativism. Every judgment of value allows of a formulation in which the more highly valued thing or state is logically expressed in both a positive and a negative way, although sometimes a language may not have developed the appropriate term. Freedom of the press implies the rejection or negation of censorship. But, stated explicitly, it means a state of affairs in which the author alone determines the content of his publication as distinct from a state in which the police has a right to interfere in the matter.

      Action necessarily involves the renunciation of something to which a lower value is assigned in order to attain or to preserve something to which a higher value is assigned. Thus, for instance, a definite amount of leisure is renounced in order to reap the product of a definite amount of labor. The renunciation of leisure is the means to attain a more highly valued thing or state.

      There are men whose nerves are so sensitive that they cannot endure an unvarnished account of many facts about the physiological nature of the human body and the praxeological character of human action. Such people take offense at the statement that man must choose between the most sublime things, the loftiest human ideals, on the one hand, and the wants of his body on the other. They feel that such statements detract from the nobility of the higher things. They refuse to notice the fact that there arise in the life of man situations in which he is forced to choose between fidelity to lofty ideals and such animal urges as feeding.

      Whenever man is faced with the necessity of choosing between two things or states, his decision is a judgment of value no matter whether or not it is uttered in the grammatical form commonly employed in expressing such judgments.

       Knowledge and Value

      The accusation of bias has been leveled against economists long before Marx integrated it into his doctrines. Today it is fairly generally endorsed by writers and politicians who, although they are in many respects influenced by Marxian ideas, cannot simply be considered Marxians. We must attach to their reproach a meaning that differs from that which it has in the context of dialectical materialism. We must therefore distinguish two varieties of the bias doctrine: the Marxian and the non-Marxian. The former will be dealt with in later parts of this essay in a critical analysis of Marxian materialism. The latter alone is treated in this chapter.

      Upholders of both varieties of the bias doctrine recognize that their position would be extremely weak if they were merely to blame economics for an alleged bias without charging all other branches of science with the same fault. Hence they generalize the bias doctrine—but this generalized doctrine we need not examine here. We may concentrate upon its core, the assertion that economics is necessarily not wertfrei [value-free] but is tainted by prepossessions and prejudices rooted in value judgments. For all arguments advanced to support the doctrine of general bias are also resorted to in the endeavors to prove the special bias doctrine that refers to economics, while some of the arguments brought forward in favor of the special bias doctrine are manifestly inapplicable to the general doctrine.

      Some contemporary defenders of the bias doctrine have tried to link it with Freudian ideas. They contend that the bias they see in the economists is not conscious bias. The writers in question are not aware of their prejudgments and do not intentionally seek results that will justify their foregone conclusions. From the deep recesses of the subconscious, suppressed wishes, unknown to the thinkers themselves, exert a disturbing influence on their reasoning and direct their cogitations toward results that agree with their repressed desires and urges.

      However, it does not matter which variety of the bias doctrine one endorses. Each of them is open to the same objections.

      For the reference to bias, whether intentional or subconscious, is out of place if the accuser is not in a position to demonstrate clearly in what the deficiency of the doctrine concerned consists. All that counts is whether a doctrine is sound or unsound. This is to be established by discursive reasoning. It does not in the least detract from the soundness and correctness of a theory if the psychological forces that prompted its author are disclosed. The motives that guided the thinker are immaterial to appreciating his achievement. Biographers are busy today explaining the work of the genius as a product of his complexes and libidinous impulses and a sublimation of his sexual desires. Their studies may be valuable contributions to psychology, or rather to thymology (see below p. 177), but they do not affect in any way the evaluation of the biographee’s exploits. The most sophisticated psychoanalytical examination of Pascal’s life tells us nothing about the scientific soundness or unsoundness of his mathematical and philosophical doctrines.

      If the failures and errors of a doctrine are unmasked by discursive reasoning, historians and biographers may try to explain them by tracing them back to their author’s bias. But if no tenable objections can be raised against a theory, it is immaterial what kind of motives inspired its author. Granted that he was biased. But then we must realize that his alleged bias produced theorems which successfully withstood all objections.

      Reference to a thinker’s bias is no substitute for a refutation of his doctrines by tenable arguments. Those who charge the economists with bias merely show that they are at a loss to refute their teachings by critical analysis.

      Economic policies are directed toward the attainment of definite ends. In dealing with them economics does not question the value attached to these ends by acting men. It merely investigates two points: First, whether or not the policies concerned are fit to attain the ends which those recommending and applying them want to attain. Secondly, whether these policies do not perhaps produce effects which, from the point of view of those recommending and applying them, are undesirable.

      It is true that the terms in which many economists, especially those of the older generations, expressed the result of their inquiries could easily be misinterpreted. In dealing with a definite policy they adopted a manner of speech which would have been adequate from the point of view of those who considered resorting to it in order to attain definite ends. Precisely because the economists were not biased and did not venture to question the acting men’s choice of ends, they presented the result of their deliberation in a mode of expression which took the valuations of the actors for granted. People aim at definite ends when resorting to a tariff or decreeing minimum wage rates. When the economists thought such policies would attain the ends sought by their supporters, they called them good—just as a physician calls a certain therapy good because he takes the end—curing his patient—for granted.

      One of the most famous of the theorems developed by the Classical economists, Ricardo’s theory of comparative costs, is safe against all criticism,

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