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J JOURNAL OF ECONOMICISSUES
Vol. VII No. 2 June 1973
E. K. Hunt
and
Ralph C. d'Arge
337
338 E. K. HuntandRalphC. d'Arge
order would be established. The privileges that stem from this hierar-
chical order would be codified and legitimatized in a set of implicit
property rights. These property rights would determine the initial
endowments of income with which the competitive strugglefor more,
relatively and absolutely, would be combatted. Each rational, econo-
mizing economic rat or lemming would fight for his own private
"optimum," as the entire society would be propelled irretrievably
towarda deadlysea of environmentaldegradation.Gapsin intelligence,
knowledge, abilities, and power immediately would be sensed, by
actionif not by instinct.The individualrat, sensinghis own predicament
and position, then would be confrontedwith the following alternatives:
(1) Accept the preliminarypecking order and distributionof rights,
ignore the impending disaster, and make the best of things within
the context of the rat or lemming society; or (2) rebel against the
established order and in so doing create notoriety and suspicion,
ultimatelyeither settling comfortablyas a rebel without claws or being
eaten by antagonized rat populations, but perhaps with some small
but finite probability of contributingto the ultimate replacement of
rat society by a more humane social system.
If the rat were a rational economizing sort, with risk aversion,
he might likely choose the first option. But given that choice, what
would his behaviorpatternbe following such a clearly "stated" desire
for opting for the establishment. It is just such a case, with the
individual rat pitted against a society composed of other coopted
rats, that neoclassicalwelfare economics seeks to analyze. In so doing,
neoclassical economics builds on a metaphysicalintellectualbase that
is appropriateto its task. Analysis of the second alternativerequires,
we believe, a fundamentallydifferent set of intellectualfirst principles.
The eminent philosopher, Stephen C. Pepper, wrote a survey of
systems of metaphysicsin which he showed that there are four general
metaphysical world views which have provided relatively adequate
bases for scientific inquiries, social and ethical philosophies, and
theories of knowledge.' Most of the attempts to analyze the process
of consumption and the nature of environmental externalities in
orthodoxeconomic literaturehave occurredwithin the generalnorma-
tive and analytical frameworkof competitive equilibrium.The meta-
physical basis upon which the analysis of competition and, generally,
neoclassical economics is constructed Pepper calls "mechanism"2;
this is the metaphysicalsystem upon which most of the other dominant
strains of economic orthodoxy also have been based.
There is another metaphysicalsystem, however, upon which many
dissidenteconomic theories have been constructed.This is the general
Lemmingsand OtherAcquisitiveAnimals 339
and processes which are contained within them. Second, they have
an aggregate and individual quality that transcends the qualities of
their textural components. Furthermore,the textural particularsare
significantlyaffected by the total quality of the event. For example,
in music the experienced quality of a particularchord depends upon
the quality of the entire composition of which it is a part; similarly,
the compositionof solid waste odors depends not only on the dominant
smellingcomponentbutalso uponcompaction,soil content, absorbtion,
andotherdimensions.Third,events have a spread.The presentmoment
in any event contains elements of the past as well as elements of
the future.10 To consume a cluster of grapes now means a cost of
soil, water, and humanresources in the past, a bellyache in the near
future (or headache if the grapes were pressed and fermented into
wine), and a greater sludge load in secondary waste treatmentplants
for municipalorganic waste.
Thus, relationships between objects, men, societies, and all other
elements of realityare the essence of contextualism.The contextualist
is "convinced that facts are never isolated appearances, that if they
are producedtogether, it is always within the higherunity of a whole
(although the whole may not be understood entirely), that they are
tied to one another by internal relations, and that the presence of
the one profoundlymodifies the other." " The phenomenonof syner-
gism, which is treatedas somethingexceptionaland strangein orthodox
economics concerned with separabilityand linearity, is regarded as
typical or normalin a contextualistframeworkbecause combinations
or wholes are the most importantingredientfor this theory.
Economic Growth and Consumption
The most importantdifferences between contextualismand New-
tonian mechanism are the notions of change or growth implicit in
the two systems. Neoclassical growth theory is based upon the
Newtonian notion of change. P. S. Laplace believed that if "we knew
the configuration of matter in the whole universe at any one time
and the precise laws of matter, or if we knew the configurations
of matter at two times, so that we could deduce the laws which
led from one configurationto the other, then we could deduce the
configurations of matter for any other times whatsoever.""12 What
better description could be given of neoclassical growth theory? A
curvilinearline drawn between two points?
The neoclassicaltheoryof optimalgrowthsimplyposits the existence
of the necessary transformationand utilityfunctions with the appropri-
ate mathematical characteristics, generally ignoring the validity of
344 E. K. HuntandRalphC. d'Arge
Notes