ABSTRACT
This chapter traces and also emphasizes strong connections between ideas regarding continuity and continuousness introduced into American philosophical thinking by Charles Sanders Peirce. Some decades after attending a seminar held by Peirce, Thorstein Bunde Veblen introduced these ideas into seminal contributions to social science thinking and economic science. Connections between Peirce and Veblen, and especially Peirce’s influence on Veblen’s ideas have been speculated. In his book, Thorstein Veblen and His America ([1938] 1972), Joseph Dorfman appears to be the first to note the connections between Peirce and Veblen. Some decades later, Alan Dyer (1986) elaborates on a host of similarities related to scientific inquiry and method between Peirce and Veblen. Dyer (1986: 30-2) stresses that Peirce’s seminal contributions to epistemology found their way into Veblen’s preference for reasoning by “induction” over “deduction.” Dyer (1986: 31) further suggests that Veblen’s understanding of, definition of, as well as his use of “deduction” would be more accurately interpreted as a direct borrowing of Peirce’s concept of “Abduction.” In addition, Robert Griffen (1998) explores what was initially a short-term contact between Peirce and Veblen at Johns Hopkins University in 1881: a contact that would yield long-term influences on Veblen’s thinking. However, Griffen’s detailed account of Peirce’s influence on Veblen – like Dyer’s – remains limited mostly to questions of epistemology, namely what Veblen borrowed from Peirce regarding theory of knowledge and scientific method. What Dyer and Griffen fail to emphasize – and what we seek to establish in this inquiry – is what we suggest to be Veblen’s most important and enduring contribution to economic science. Namely, Veblen sought to lead economic science away from its foundation in Newtonian mechanics, recasting economic science as an evolutionary science. In these efforts, Veblen appears fully indebted to Peirce’s contribution to American philosophical thinking, as Veblen relies on concepts advanced by Peirce for developing his understanding of “cumulative causation,” and other notions related to processes and changes rooted in continuity and continuousness.
