Analysis Quotes - page 18
In all cases, not only in the two which we have analyzed, recovery came of itself. There is certainly this much of truth in the talk about the recuperative powers of our industrial system. But this is not all: our analysis leads us to believe that recovery is sound only if it does come of itself. For any revival which is merely due to artificial stimulus leaves part of the work of depressions undone and adds, to an undigested remnant of maladjustment, new maladjustment of its own which has to be liquidated in turn, thus threatening business with another crisis ahead. Particularly, our story provides a presumption against remedial measures which work through money and credit. For the trouble is fundamentally not with money and credit, and policies of this class are particularly apt to keep up, and add to, maladjustment, and to produce additional trouble in the future.
Joseph Schumpeter
Although what is called ‘philosophical speculation' is undoubtedly on the decline, many of the practically minded have not yet freed themselves from a method of reasoning, which, in the last analysis, has its roots in theology and metaphysics. No science which pretends to be exact can accept an untested theory or doctrine; yet even in an exact science there is often an admixture of magic, theology, and philosophy. It is one of the tasks of our time to aid scientific reasoning to attain its goal without hindrance. Whoever undertakes this is concerned not so much with ‘philosophy,' properly speaking, as with ‘anti-philosophy.' For him there is but one science with subdivisions - a unified science of sciences. We have a science that deals with rocks, another that deals with plants, a third that deals with animals, but we need a science that unites them all.
Otto Neurath