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Veblen, Thorstein, 1857-1929

"Theory of the Leisure Class"

So far as concerns economic theory, these
two elements or phases of the belief in luck, or in an
extra-causal trend or propensity in things, are of substantially
the same character. They have an economic significance as habits
of thought which affect the individual's habitual view of the
facts and sequences with which he comes in contact, and which
thereby affect the individual's serviceability for the industrial
purpose. Therefore, apart from all question of the beauty, worth,
or beneficence of any animistic belief, there is place for a
discussion of their economic bearing on the serviceability of the
individual as an economic factor, and especially as an industrial
agent.
It has already been noted in an earlier connection, that in order
to have the highest serviceability in the complex
industrial processes of today, the individual must be endowed
with the aptitude and the habit of readily apprehending and
relating facts in terms of causal sequence. Both as a whole and
in its details, the industrial process is a process of
quantitative causation. The "intelligence" demanded of the
workman, as well as of the director of an industrial process, is
little else than a degree of facility in the apprehension of and
adaptation to a quantitatively determined causal sequence.


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