| Abstract: | Whately is a difficult thinker, partly because he is competent in so many disciplines. Joseph Schumpeter, who struggled with Whatley's "elusive" greatness, saw a systematic core in Whately: the force behind Nassau Senior's axiomatics. Whately's contemporaries did not talk of axiomatics, but they did point out that his work depended upon an unusually small number of authorities, that is, Aristotle, Bacon, and Smith. In our interpretation, these foundational sources gave Whately three guiding principles to characterize all human activity: innate sociability, innate self-love, and costly mental activity. Self-love includes a desire to know and a desire to share knowledge. These principles, coupled with a normative principle of fairness, constitute the basis for his science of reciprocal exchange, or catallactics. Violations of fairness motivate his multidimensional reform proposals. For Whately, fairness requires transparency, and the demands of transparency for tractions is literally Gospel. |
