Inventors And Money-Makers: Lectures On Some Relations Between Economics And ...

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Inventors And Money-Makers: Lectures On Some Relations Between Economics And ...
F W Frank William Taussig
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Barring those in- stincts which have most closely the character of reflex action, like the sexual instinct and the infant's suckling, we have to deal throughout with innate tendencies of a general sort. From the earliest stage they are affected by experi- ence and environment, are subject to diversion, often show their influence in unexpected ways.^ ^ Hence the biologist would deny that any of them are instincts in the sense proper for his inquiries. See Lloyd Morgan, InsHnd and Experience, Ch.... IV, p. 108. Because [95] Digitized by VjOOQIC INVENTORS AND MONE^Y-MAKERS Such at all events is clearly the case with the tendency to emulation.
How pervasive is this tendency, we do not need to be told. William James remarked, that "nine-tenths of the work of the world is done by it." ^ It combines spontaneously with the instincts of play, of the chase, of construction, of domination. The particular form in which it is probably most pervasive, and certainly most significant for the inquiries of the economist, is the love of social distinc- tion; meaning by "social'* what the fashion columns of the newspapers mean when they gossip about "society.'' The wish to be considered a member of a superior set ap- pears in every organized aggregation of human beings.


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