renown of forcing home to the popular consciousness that “conscience,” intelligence applied to in moral matters, is too often not intelligence but is veiled caprice, dogmatic ipse dixitism, vested class interest. It is truly conscience only as it contributes to relief of misery and promotion of happiness. An examination of utilitarianism brings out however the catastrophe involved in thinking of the good to which intelligence is pertinent as consisting in future pleasures and pains, and moral reflection as their algebraic calculus. It emphasizes the contrast between such conceptions of good and of intelligence, and the facts of human nature according to which good, happiness, is found in the present meaning of activity, depending upon the proportion, order and freedom introduced into it by thought as it discovers objects which release and unify otherwise contending elements.

An adequate discussion of why utilitarianism with its just insight into the central place of good, and its ardent devotion to rendering morals more intelligent and more equitably human took its one-sided course (and thereby provoked an intensified reaction to transcendental and dogmatic morals) would take us far afield into social conditions and the antecedent history of thought. We can deal with only one factor, the domination of intellectual interest by economic considerations. The industrial revolution was bound in any case to give a new direction to thought. It enforced liberation from otherworldly concerns by fixing attention upon the possibility of the betterment of this world through control and utilization of natural forces; it opened up marvelous possibilities in industry and commerce, and new social conditions conducive to invention, ingenuity, enterprise, constructive energy and an impersonal habit of mind dealing with mechanisms rather than appearances. But new movements do not start in a new and clear field. The context of old institutions and corresponding habits of thought persisted. The new movement was perverted in theory because prior established conditions deflected it in practice. Thus the new industrialism was largely the old feudalism, living in a bank instead of a castle and brandishing the check of credit instead of the sword.

An old theological doctrine of total depravity was continued and carried over in the idea of an inherent laziness of human nature which rendered it averse to useful work, unless bribed by expectations of pleasure, or driven by fears of pains. This being the “incentive” to action, it followed that the office of reason is only to enlighten the search for good or gain by instituting a more exact calculus of profit and loss. Happiness was thus identified with a maximum net gain of pleasures on the basis of analogy with business conducted for pecuniary profit, and directed by means of a science of accounting dealing with quantities of receipts and expenses expressed in definite monetary units.6 For business was conducted as matter of fact with primary reference to procuring gain and averting loss. Gain and loss were reckoned in terms of units of money, assumed to be fixed and equal, exactly comparable whether loss or gain occurred, while business foresight reduced future prospects to definitely measured forms, to dollars and cents. A dollar is a dollar, past, present or future; and every business transaction, every expenditure and consumption of time, energy, goods, is, in theory, capable of exact statement in terms of dollars. Generalize this point of view into the notion that gain is the object of all action; that gain takes the form of pleasure; that there are definite, commensurable units of pleasure, which are exactly offset by units of pain (loss), and the working psychology of the Benthamite school is at hand.

Now admitting that the device of money accounting makes possible more exact estimates of the consequences of many acts than is otherwise possible, and that accordingly the use of money and accounting may work a triumph for the application of intelligence in daily affairs, yet there exists a difference in kind between business calculation of profit and loss and deliberation upon what purposes to form. Some of these differences are inherent and insuperable. Others of them are due to the nature of present business conducted for pecuniary profit, and would disappear if business were conducted primarily for service of needs. But it is important to see how in the latter case the assimilation of business accounting and normal deliberation would occur. For it would not consist in making deliberation identical with calculation of loss and gain; it would proceed in the opposite direction. It would make accounting and auditing a subordinate factor in discovering the meaning of present activity. Calculation would be a means of stating future results more exactly and objectively and thus of making action more humane. Its function would be that of statistics in all social science.

But first as to the inherent difference between deliberation regarding business profit and loss and deliberation about ordinary conduct. The distinction between wide and narrow use of reason has already been noted. The latter holds a fixed end in view and deliberates only upon means of reaching it. The former regards the end-in-view in deliberation as tentative and permits, nay encourages the coming into view of consequences which will transform it and create a new purpose and plan. Now business calculation is obviously of the kind where the end is taken for granted and does not enter into deliberation. It resembles the case in which a man has already made his final decision, say to take a walk, and deliberates only upon what walk to take. His end-in-view already exists; it is not questioned. The question is as to comparative advantages of this tramp or that. Deliberation is not free but occurs within the limits of a decision reached by some prior deliberation or else fixed by unthinking routine. Suppose, however, that a man’s question is not which path to walk upon, but whether to walk or to stay with a friend whom continued confinement has rendered peevish and uninteresting as a companion. The utilitarian theory demands that in

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