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master through learning; man 'knows' through learning how to
do an immense number of things in the way of arts and abilities;
he also "knows" physics, and 'knows' mathematics; he knows
that, what, and how. . . The issues that must be faced before firm
use is gained are: Does the word 'knowledge' indicate something
the organism possesses or produces? Or does it indicate something
the organism confronts or with which it comes into contact? Can
either of the viewpoints be coherently maintained? If not, what
change in preliminary description must be sought?" 1

This seems to leave the economists where they were before,
up a tree, or rather up many different trees in a number of different
forests. There is in the quotation no light illuminating a path lead-
ing to common ground.

Fortunately, Dewey and Bentley have not left us up a tree;
they have descended to firm ground where they have identified
some objects that may be helpful. However, before discussing these
objects, brief comment on Dewey and Bentley's method is advisable.


Knowing as an Aspect of Human Behavior

In their attempt to know more about "knowledge," Dewey
and Bentley have regarded knowing as an aspect of human behavior.
No inner knower, or mind, or soul that does the knowing is assumed.
They take man as they find him behaving in his cosmos or universe,
never apart from it. Likewise they take whatever is known in the
cosmos or universe as they find it, never in isolation from it. 2


What Is Economic "Knowledge"?

As a result of applying this procedure in their inquiry into
"knowledge," Dewey and Bentley describe knowings as the observed
language behavior of men concerned with naming or designating.
And an integral part of the naming transaction is the known. 3 In

____________________
1 John Dewey and Arthur F. Bently, Knowing and the Known, Boston, Bea-
con Press, 1949, p. 296.
2 This procedure is called the "transactional" approach. Economists to
whom this terminology at first seems unfamiliar might benefit by reflecting on a
similar approach to a particular supply-demand situation in a market place. If
study of such a problem included all significant aspects in their relations to one
another, the behavior of the buyer, the seller, the items exchanged, and the
effects of bids and offers on the behavior of other potential buyers and sellers
in the market, then the transaction in all its pertinent ramifications would be
under consideration and the result would be a transactional approach to the
problem.
3 Ibid., p. 296, where knowings are specifically designated "the organic phases
of transactionally observed behaviors," and p. 297, where the known is designated
the "environmental phase (as distinguished from the behavioral phase) of trans-
actionally observed behaviors."

-8-

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Publication Information: Book Title: Reconstruction of Economics. Contributors: May Brodbeck - unknown, Richard S. Rudner - unknown, E. C. Harwood - author. Publisher: American Institute for Economic Research. Place of Publication: Great Barrington, MA. Publication Year: 1955. Page Number: 8.
    
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