A Functional Approach to Social-Economic Data
The conception of social life as an organic process has frequently invited the method of approach and the point of view in social studies that have long been used in the study of other organic processes. Recent years have seen in an increasing degree expres? sions of a functional viewpoint in social studies. The sociologists and political scientists speak of the functional point of view and discuss institutions in functional terms. " Psychologists have hitherto devoted the larger part of their energy to investigating the structure of the mind. Of late, however, there has been mani? fest a disposition to deal more fully with its functional and genetic phases."1 In economics we see such titles as " Marketing Func? tions and Mercantile Organization/'2 and "The Function of Produce Exchanges."3 Elaborate organizations of economic ma? terial in which a functional viewpoint is evident have appeared. W. H. Hamilton has organized economic data around the problems 1 James Rowland Angell, Psychology, Preface, p. iii. 2 See article by this title, L. D. H. Weld, American Economic Review, VII, No. 2, p306. 3 See, for example, "Cotton Exchanges and Their Economic Functions," by Arthur Richmond Marsh, also similar treatment of produce and mercantile exchanges, Annals, XXXVIII, 571.