第12章
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  hedistinctlyaffirmsthatin

  politicaleconomythereisnoroomforinductionatall,\"theeconomiststartingwithaknowledgeofultimatecauses,\"and

  beingthus,\"attheoutsetofhisenterprise,atthepositionwhichthephysicistonlyattainsafteragesoflaboriousresearch。\"

  Hedoesnot,indeed,seemtobeadvancedbeyondthepointofviewofSenior,whoprofessedtodeducealleconomictruth

  fromfourelementarypropositions。WhilstMillinhisLogicrepresentsverificationasanessentialpartoftheproccssof

  demonstrationofeconomiclaws,Cairnesholdsthat,asthey\"arenotassertionsrespectingthecharacterorsequenceof

  phenomena\"(thoughwhatelsecanascientificlawbe?),\"theycanneitherbeestablishednorrefutedbystatisticalor

  documentaryevidence。\"Apropositionwhichaffirmsnothingrespectingphenomenacannotbecontrolledbybeing

  confrontedwithphenomena。Notwithstandingtheunquestionableabilityofhisbook,itappearstomark,insomerespects,a

  retrogressioninmethodology,andcanforthefuturepossessonlyanhistoricalinterest。

  Regardedinthatlight,thelaboursofMillandCairnesonthemethodofthescience,thoughintrinsicallyunsound,hadan

  importantnegativeeffect。Theyletdowntheoldpoliticaleconomyfromitstraditionalposition,andreduceditsextravagant

  pretensionsbytwomodificationsofcommonlyacceptedviews。First,whilstRicardohadneverdoubtedthatinallhis

  reasoningshewasdealingwithhumanbeingsastheyactuallyexist,theyshowedthatthescience,asheconceivedit,mustbe

  regardedasapurelyhypotheticone,Itsdeductionsarebasedonunreal,oratleastone—sided,assumptions,themost

  essentialofwhichisthatoftheexistenceoftheso—called\"economicman\",abeingwhoisinfluencedbytwomotivesonly,

  thatofacquiringwealthandthatofavoidingexertion;andonlysofarasthepremisesframedonthisconceptioncorrespond

  withfactcantheconclusionsbedependedoninpractice。Seniorinvainprotestedagainstsuchaviewofthescience,which,

  ashesaw,compromiseditssocialefficacy,。whilstTorrens,whohadpreviouslycombatedthedoctrinesofRicardo,hailed

  Mill’snewpresentationofpoliticaleconomyasenablinghim,whilstinonesenserejectingthosedoctrines,inanothersense

  toacceptthem。Secondly,besideeconomicscience,ithadoftenbeensaid,standsaneconomicart,——theformerascertaining

  truths。respectingthelawsofeconomicphenomena,thelatterprescribingtherightkindofeconomicaction;andmanyhad

  assumedthat,theformerbeinggiven,thelatterisalsoinourpossession—that,infact,wehaveonlytoconverttheoremsinto

  precepts,andtheworkisdone。ButMillandCairnesmadeitplainthatthisstatementcouldnotbeaccepted,thatactioncan

  nomoreintheeconomicworldthaninanyotherprovinceoflifeberegulatedbyconsiderationsborrowedfromone

  departmentofthingsonly;thateconomicscansuggestideaswhicharetobekeptinview,butthat,standingalone,itcannot

  directconduct——anofficeforwhichawiderprospectofhumanaffairsisrequired。Thismatterisbestelucidatedbya

  referencetoComte’sclassification,orratherhierarchicalarrangement,ofthesciences。Beginningwiththeleastcomplex,

  mathematics,werisesuccessivelytoastronomy,physics,chemistry,thencetobiology,andfromitagaintosociology。Inthe

  courseofthisascentwecomeuponallthegreatlawswhichregulatethephenomenaoftheinorganicworld,oforganised

  beings,andofsociety。Afurtherstep,however,remainstobetaken—namely,tomorals,。andatthispointtheprovincesof

  theoryandpracticetendtocoincide,becauseeveryelementofconducthastobeconsideredinrelationtothegeneralgood。

  Inthefinalsynthesisallthepreviousanalyseshavetobeusedasinstrumental,inordertodeterminehoweveryrealquality

  ofthingsormenmaybemadetoconvergetothewelfareofHumanity。

  Cairnes’smostimportanteconomicpublicationwashislast,entitledSomeLeadingPrinciplesofPoliticalEconomynewly

  Expounded,1874。Inthiswork,whichdoesnotprofesstobeacompletetreatiseonthescience,hecriticisesandemendsthe

  statementswhichprecedingwritershadgivenofsomeofitsprincipaldoctrines,andtreatselaboratelyofthelimitationswith

  whichtheyaretobeunderstood,andtheexceptionstothemwhichmaybeproducedbyspecialcircumstances。Whilst

  markedbygreatability,itaffordsevidenceofwhathasbeenjustlyobservedasaweaknessinCairnes’smentalconstitution——his\"deficiencyinintellectualsympathy,\"andconsequentfrequentinabilitytoseemorethanonesideofatruth。

  Thethreedivisionsofthebookrelaterespectivelyto(1)value,(2)labourandcapital,and(3)internationaltrade,Inthefirst

  hebeginsbyelucidatingthemeaningoftheword\"value,\"andunderthisheadcontrovertstheviewofJevonsthatthe

  exchangevalueofanythingdependsentirelyonitsutility,without,perhaps,distinctlyapprehendingwhatJevonsmeantby

  thisproposition。Onsupplyanddemandheshows,asSayhaddonebefore,thatthese,regardedasaggregates,arenot

  independent,butstrictlyconnectedandmutuallydependentphenomena—identical,indeed,underasystemofbarter,but

  underamoneysystem,conceivableasdistinct,Supplyanddemandwithrespecttoparticularcommoditiesmustbe

  understoodtomeansupplyanddemandatagivenprice;andthusweareintroducedtotheideasofmarketpriceandnormal

  price(as,followingCherbuliez,hetermswhatSmithlesshappilycallednaturalprice)。Normalpriceagainleadstothe

  considerationofcostofproduction,andhere,againstMillandothers,hedeniesthatprofitandwagesenterintocostof

  production;inotherwords,heassertswhatSenior(whomhedoesnotname)hadsaidbeforehim,thoughhehadnot

  consistentlycarriedoutthenomenclature,thatcostofproductionisthesumoflabourandabstinencenecessaryto

  production,wagsandprofitsbeingtheremunerationofsacrificeandnotelementsofit。But,itmaywellbeasked,Howcan

  anamountoflabourbeaddedtoanamountofabstinence?Mustnotwagesandprofitsbetakenas\"measuresofcost\"?By

  adheringtotheconceptionof,\"sacrifice\"heexposestheemptinessoftheassertionthat\"dearlabouristhegreatobstacleto

  theextensionofBritishtrade\"——asentenceinwhich\"Britishtrade\"meanscapitalists’profits。Atthispointweare

  introducedtoadoctrinenowfirstelaborated,thoughthereareindicationsofitinMill,ofwhosetheoryofinternational

  valuesitisinfactanextension。Inforeigntradecostofproduction,inCairnes’ssense,doesnotregulatevalues,becauseit

  cannotperformthatfunctionexceptunderaregimeofeffectivecompetition,andbetweendifferentcountrieseffective

  competitiondoesnotexist。But,Cairnesasks,towhatextentdoesitexistindomesticindustries?Sofarascapitalis

  concerned,hethinkstheconditionissufficientlyfulfilledoverthewholefield——aposition,letitbesaidinpassing,whichhe

  doesnotseemtomakeout,ifweconsiderthepracticalimmobilityofmostinvested,asdistinctfromdisposable,capital。But

  inthecaseoflabourtherequisitecompetitiontakesplaceonlywithincertainsocial,orratherindustrial,strata。Theworldof

  industrymaybedividedintoaseriesofsuperposedgroups,andthesegroupsarepractically:\"non—competing,\"the

  disposablelabourinanyoneofthembeingrarelycapableofchoosingitsfieldinahigher。(57)Thelawthatcostofproduction

  determinespricecannot,therefore,beabsolutelystatedrespectingdomesticanymorethanrespectinginternational

  exchange,。asitfailsforthelatteruniversally,soitfailsfortheformerasbetweennon—competinggroups。Thelawthatholds

  betweentheseissimilartothatgoverninginternationalvalues,whichmaybecalledtheequationofreciprocaldemand。Such

  astateofrelativepriceswillestablishitselfamongsttheproductsofthesegroupsasshallenablethatportionoftheproducts

  ofeachgroupwhichisappliedtothepurchaseoftheproductsofallothergroupstodischargeitsliabilitiestowardsthose

  othergroups。Thereciprocaldemandofthegroupsdeterminesthe\"averagerelativelevel\"ofpriceswithineachgroup;

  whilstcostofproductionregulatesthedistributionofpriceamongtheindividualproductsofeachgroupThistheoremis

  perhapsofnogreatpracticalvalue;butthetendencyofthewholeinvestigationistoattenuatetheimportanceofcostof

  productionasaregulatorofnormalprice,andsotoshowthatyetanotheroftheaccepteddoctrinesofthesciencehadbeen

  propoundedintoorigidandabsoluteaform。Astomarketprice,theformulabywhichMillhaddefineditasthepricewhich

  equalisesdemandandsupplyCairnesshowstobeanidenticalproposition,andhedefinesitasthepricewhichmost

  advantageouslyadjuststheexistingsupplytotheexistingdemandpendingthecomingforwardoffreshsuppliesfromthe

  sourcesofproduction。

  Hissecondpartischieflyremarkableforhisdefenceofwhatisknownasthewagesfunddoctrine,towhichweadverted

  whenspeakingofSenior。(58)Millhadgivenupthisdoctrine,havingbeenconvincedbyThorntonthatitwaserroneous;but

  Cairnesrefusedtofollowhisleader,who,ashebelieves,oughtnottohavebeenconvinced。(59)Afterhavinggivenwhatis

  certainlyafallaciousreplytoLonge’scriticismoftheexpression\"averagerateofwages,\"heproceedstovindicatethe

  doctrineinquestionbytheconsiderationthattheamountofanation’swealthdevotedatanytietothepaymentofwages——if

  thecharacterofthenationalindustriesandthemethodsofproductionemployedremainthesame——isinadefiniterelationto

  theamountofitsgeneralcapital;thelatterbeinggiven,theformerisalsogiven。Inillustratinghisviewofthesubject,he

  insistsontheprinciple(trueinthemain,buttooabsolutelyformulatedbyMill)that\"demandforcommoditiesisnot

  demandforlabour,\"Itisnotnecessaryheretofollowhisinvestigation,forhisreasoninghasnotsatisfiedhissuccessors,

  withtheexceptionofFawcett,andthequestionofwagesisnowcommonlytreatedwithoutreferencetoasupposed

  determinatewagesfund,Cairnesnextstudiestrades—unionisminrelationtowages,andarrivesinsubstanceattheconclusion

  thattheonlywayinwhichitcanaffecttheirrateisbyacceleratinganadvancewhichmustultimatelyhavetakenplace

  independentlyofitsaction。HealsotakesoccasiontorefuteMr。(nowLord)Brassey’ssupposedlawofauniformcostof

  labourineverypartoftheworld。Turningtoconsiderthematerialprospectsoftheworkingclasses,heexaminesthe

  questionofthechangeswhichmaybeexpectedintheamountandpartitionofthefundoutgfwhichabstinenceandlabour

  areremunerated。Hehereenunciatestheprinciple(whichhadbeen,however,statedbeforehimbyRicardoandSenior)that

  theincreasedproductivenessofindustrywillnotaffecteitherprofitorwagesunlessitcheapenthecommoditieswhichthe

  labourerconsumes。Theselatter。beingmostlycommoditiesofwhichrawproduceistheonlyorprincipalelement,theircost

  ofproduction,notwithstandingimprovementsinknowledgeandart,willincreaseunlessthenumbersofthelabouringclass

  besteadilykeptincheck;andhencethepossibilityofelevatingtheconditionofthelabourerisconfinedwithinverynarrow

  limits,ifhecontinuestobealaboureronly。Theconditionofanysubstantialandpermanentimprovementinhislotisthathe

  shouldceasetobeamerelabourer——thatprofitsshouldbebroughttoreinforcethewagesfund,whichhasatendency,inthe

  courseofindustrialprogress,todeclinerelativelytothegeneralcapitalofacountry。AndhenceCairnes——abandoningthe

  purelytheoreticattitudewhichheelsewhererepresentsastheonlyproperonefortheeconomist—recommendsthesystemof

  so—calledco—operation(thatis,infact,theabolitionofthelargecapitalist)asofferingtotheworkingclasses\"thesolemeans

  ofescapefromaharshandhopelessdestiny,\"andputsasiderathercontemptuouslytheoppositionofthePositiviststothis

  solution,whichyetmanybesidesthePositivists,as,forexample,LeslieandF,A。Walker,regardaschimerical。

  ThethirdpartisdevotedmainlytoanexpositionofRicardo’sdoctrineoftheconditionsofinternationaltradeandMill’s

  theoryofinternationalvalues。TheformerCairnesmodifiesbyintroducinghisideaofthepartialinfluenceofreciprocal

  demand,asdistinguishedfromcostofproduction,ontheregulationofdomesticprices,andfoundsonthisrectificationan

  interestingaccountofthatconnectionbetweenthewagesprevailinginacountryandthecharacterandcourseofitsexternal

  trade。HeemendsMill’sstatement,whichrepresentedtheproduceofacountryasexchangingforthatofothercountriesat

  suchvalues\"asarerequiredinorderthatthewholeofherexportsmayexactlypayforthewholeofherimports\"by

  substitutingforthelatterphrasetheconditionthateachcountryshouldbymeansofherexportsdischargeallherforeign

  liabilities—inotherwords,byintroducingtheconsiderationofthebalanceofdebts。Thisideawasnotnew。ithadbeen

  indicatedbyJohnLeslieFosterasearlyas1804,(60)andwastouchedonbyMillhimself;butCairnesexpoundsitwell;andit

  isimportantasclearingawaycommonmisconceptions,andsometimesremovinggroundlessalarms。(61)Passingtothe

  questionoffreetrade,hedisposesofsomeoften—repeatedprotectionistarguments,andinparticularrefutestheAmerican

  allegationoftheinabilityofthehighly—paidlabourofthatcountrytocompetewiththe\"pauperlabour\"ofEurope。Heisnot

  sosuccessfulinmeetingthe\"politicalargument,\"foundedontheadmittedimportanceforcivilizationofdeveloping

  diversifiednationalindustries;andhemeetsonlybyoneofthehighlyquestionablecommonplacesofthedoctrinaire

  economistsMill’spropositionthatprotectionmayfosternascentindustriesreallyadaptedtoacountrytilltheyhavestruck

  rootandareabletoendurethestressofforeigncompetition。

  WehavedweltatsomelengthonthisworkofCairnes,notonlybecauseitpresentsthelatestiormsofseveralaccepted

  economicdoctrines,butalsobecauseitis,and,webelieve,willremain,thelastimportantproductoftheoldEnglishschool。

  Theauthorattheoutsetexpressesthehopethatitwillstrengthen,andaddconsistenceto,thescientificfabric\"builtupby

  thelaboursofAdamSmith,Malthus,Ricardo,andMill。\"WhilstrecognizingwithhimthegreatmeritsofSmith,andthereal

  abilitiesandservicesofhisthreesuccessorsherenamed,wecannotentertainthesameopinionasCairnesrespectingthe

  permananceofthefabrictheyconstructed。Weholdthatanewedificeisrequired,incorporatingindeedmanyofthe

  materialsoftheold,butplannedondifferentideasandinsomerespectswithaviewtodifferentends——aboveall,restingon

  differentphilosophicfoundations,andhavingrelationinitswholedesigntothemorecomprehensivestructureofwhichit

  willformbutonedepartment,namely,thegeneralscienceofsociety。

  Cairnes’sSlavePower,(1862)wasthemostvaluableworkwhichappearedonthesubjectofthegreatAmericanconflict。

  FRANCE

  AllthelaterEuropeanschoolspresuppose—inpartadopting,inpartcriticising——theworkoftheEnglisheconomistsfrom

  Smith(62)toRicardoandtheEpigoni。TheGermanschoolhashadinagreaterdegreethananyotheramovementofits

  own—following,atleastinitsmorerecentperiod,anoriginalmethod,andtendingtospecialandcharacteristicconclusions。

  TheFrenchschool,ontheotherhand,—ifweomittheSocialists,whodonotherecomeunderconsideration,—hasinthemain

  reproducedthedoctrinesoftheleadingEnglishthinkers,——stoppingshort,however,ingeneraloftheextremesofRicardo

  andhisdisciples。InthefieldofexpositiontheFrenchareunrivalled;andinpoliticaleconomytheyhaveproducedaseriesof

  moreorlessremarkablesystematictreatises,text—books,andcompendiums,attheheadofwhichstandsthecelebratedwork

  ofJ。B。Say。ButthenumberofseminalmindswhichhaveappearedinFrencheconomicliteratureofwriterswhohave

  contributedimportanttruths,introducedimprovementsofmethod,orpresentedthephenomenaundernewlight——hasnot

  beenlarge。Sismondi,Dunoyer,andBastiatwilldeserveourattention,asbeingthemostimportantofthosewhooccupy

  independentpositions(whetherpermanentlytenableornot),ifwepassoverforthepresentthegreatphilosophical

  renovationofAugusteComte,whichcomprehendedactuallyorpotentiallyallthebranchesofsociologicalinquiry。Before

  estimatingthelaboursofBastiat。weshallfinditdesirabletoexaminetheviewsofCarey,themostrenownedofAmerican

  economists,withwhichthelatestteachingsoftheingeniousandeloquentFrenchmanare,uptoacertainpoint,in

  remarkableagreement。Cournot,too,mustfindaplaceamongtheFrenchwritersofthisperiod,asthechiefrepresentative

  oftheconceptionofamathematicalmethodinpoliticaleconomy。

  OfJeanBaptisteSay(1767—1832)Ricardosays\"Hewasthefirst,oramongthefirst,ofContinentalwriterswhojustly

  appreciatedandappliedtheprinciplesofSmith,andhasdonemorethanallotherContinentalwriterstakentogetherto

  recommendthatenlightenedandbeneficialsystemtothenationsofEurope。\"TheWealthofNationsintheoriginallanguage

  wasplacedinSay’shandsbyClavière,afterwardsminister,thendirectoroftheassurancesocietyofwhichSaywasaclerk;

  andthebookmadeapowerfulimpressiononhim。Longafterwards,whenDupontdeNemourscomplainedofhisinjustice

  tothephysiocrats,andclaimedhimas,throughSmith,aspiritualgrandsonofQuesnayandnephewofTurgot,hereplied

  thathehadlearnedtoreadinthewritingsofthemercantileschool,hadlearnedtothinkinthoseofQuesnayandhis

  followers,butthatitwasinSmiththathehadlearnedtoseekthecausesandtheeffectsofsocialphenomenainthenatureof

  things,andtoarriveatthislastbyascrupulousanalysis。HisTraitsd’ÉconomiePolitique(1803)wasessentiallyfoundedon

  Smith’swork,butheaimedatarrangingthematerialsinamorelogicalandinstructiveorder。(63)HehastheFrenchartof

  easyandlucidexposition,thoughhisfacilitysometimesdegeneratesintosuperficiality;andhencehisbookbecamepopular,

  bothdirectlyandthroughtranslationsobtainedawidecirculation,anddiffusedrapidlythroughthecivilizedworldthe

  doctrinesofthemaster。Say’sknowledgeofcommonlife,saysRoscher,wasequaltoSmith’s;buthefallsfarbelowhimin

  livinginsightintolargerpoliticalphenomena,andhecarefullyeschewshistoricalandphilosophicalexplanations。Heis

  sometimesstrangelyshallow,aswhenhesaysthat\"thebesttaxisthatsmallestinamount。\"Heappearsnottohavemuch

  claimtothepositionofanoriginalthinkerinpoliticaleconomy。Ricardo,indeed,speaksofhimashaving\"enrichedthe

  science,byseveraldiscussions,original,accurate,andprofound。\"Whathehadspeciallyinviewinusingthesewordswas

  whatis,perhapsratherpretentiously,calledSay’sthéoriedesdébouchés,withhisconnecteddisproofofthepossibilityofa

  universalglut。Thetheoryamountssimplytothis,thatbuyingisalsoselling,andthatitisbyproducingthatweareenabled

  topurchasetheproductsofothers。Severaldistinguishedeconomists,especiallyMalthusandSismondi,inconsequence

  chieflyofamisinterpretationofthephenomenaofcommercialcrises,maintainedthattheremightbegeneralover—supplyor

  excessofallcommoditiesabovethedemand。ThisSayrightlydenied。Aparticularbranchofproductionmay,itmustindeed

  beadmitted,exceedtheexistingcapabilitiesofthemarket;but,ifwerememberthatsupplyisdemand,thatcommoditiesare

  purchasingpower,wecannotacceptthedoctrineofthepossibilityofauniversalglutwithoutholdingthatwecanhavetoo

  muchofeverythingthat\"allmencanbesofullyprovidedwiththeprecisearticlestheydesireastoaffordnomarketfor

  eachother’ssuperfluities。\"Whateverservices,however,Saymayhaverenderedbyoriginalideasonthoseorothersubjects,

  hisgreatmeritiscertainlythatofapropagandistandpopulariser。

  Theimperialpolicewouldnotpermitasecondeditionofhisworktobeissuedwithouttheintroductionofchangeswhich,

  withnobleindependence,herefusedtomake;andthateditiondidnotthereforeappeartill1814。Threeothereditionswere

  publishedduringthelifeoftheauthorin1817,1819,and1826。In1828Saypublishedasecondtreatise,Courscomplet

  d’éonomiePolitiquepratique,whichcontainedthesubstanceofhislecturesattheConservatoiredesArtsetMétiersandat

  theCollégedeFrance。`Whilstinhisearliertreatisehehadkeptwithinthenarrowlimitsofstricteconomics,inhislater

  workheenlargedthesphereofdiscussion,introducinginparticularmanyconsiderationsrespectingtheeconomicinfluence

  ofsocialinstitutions。

  JeanCharlesL。SimondedeSismondi(17731842),authoroftheHistoiredesRépubliquesItalienisesdismoyenâge,

  representsintheeconomicfieldaprotest,foundedmainlyonhumanitariansentiment,againstthedominantdoctrinesHe

  wrotefirstatreatiseDelaRichesseCommerciale(1803),inwhichhefollowedstrictlytheprinciplesofAdamSmith。Buthe

  afterwardscametoregardtheseprinciplesasinsufficientandrequiringmodification。Hecontributedanarticleonpolitical

  economytotheEdinburghEncyclopeadia,inwhichhisnewviewswerepartiallyindicated。Theywerefullydevelopedinhis

  principaleconcmicwork,NouveauxPrincipesd’ÉconomiePolitique,oudelaRichessedanssesrapportsavecla

  Population(1819;2ded。,1827)。Thiswork,ashetellsus,wasnotreceivedwithfavourbyeconomists,afactwhichhe

  explainsbytheconsiderationthathehad\"attackedanorthodoxyanenterprisedangerousinphilosophyasinreligion。\"

  Accordingtohisview,thescience,ascommonlyunderstood,wastoomuchofamerechrematistic:itstudiedtoo

  exclusivelythemeansofincreasingwealth,andnotsufficientlytheuseofthiswealthforproducinggeneralhappiness。The

  practicalsystemfoundedonittended,ashebelieved,notonlytomaketherichricher,buttomakethepoorpoorerand

  moredependent;andhedesiredtofixattentiononthequestionofdistributionasbyfarthemostimportant,especiallyinthe

  socialcircum—stancesofrecenttimes。

  ThepersonalunioninSismondiofthreenationalities,theItalian,theFrench,andtheSwiss,andhiscomprehensivehistorical

  studies,gavehimaspeciallargenessofview;andhewasfilledwithanoblesympathyforthesufferingmembersofsociety。

  HestandsnearertosocialismthananyotherFrencheconomistproper,butitisonlyinsentiment,notinopinion,thathe

  approximatestoit;hedoesnotrecommendanysocialisticscheme。Onthecontrary,hedeclaresinamemorablepassage

  that,whilstheseeswherejusticelies,hemustconfesshimselfunabletosuggestthemeansofrealisingitinpractice;the

  divisionofthefruitsofindustrybetweenthosewhoareunitedintheirproductionappearstohimvicious;butitis,inhis

  judgment,almostbeyondhumanpowertoconceiveanysystemofpropertyabsolutelydifferentfromthatwhichisknownto

  usbyexperience。Hegoesnofurtherthanprotesting,inviewofthegreatevilswhichhesawaroundhim,againstthe

  doctrineoflaisserfaire,andinvoking,somewhatvaguely,theinterventionofGovernmentstoregulatetheprogressof

  wealthandtoprotecttheweakermembersofthecommunity。

  Hisfrankconfessionofimpotence,farwiserandmorehonourablethanthesuggestionofprecipitateanddangerous

  remedies,orofarecurrencetooutwornmediaevalinstitutions,hasnotaffectedthereputationofthework。Aprejudicewas

  indeedearlycreatedagainstitinconsequenceofitspartialharmonyoftone,though,aswehaveseen,notofpolicy,with

  socialism,whichwasthenbeginningtoshowitsstrength,aswellasbytherudewayinwhichhisdescriptionsofthemodern

  industrialsystem,especiallyasitexistedinEngland,disturbedthecomplacentoptimismofsomemembersoftheso—called

  orthodoxschool。Thesetreatedthebookwithill—disguisedcontempt,andBastiatspokeofitaspreachinganéconomie

  politiqueàrebours。Butithashelditsplaceintheliteratureofthescience,andisnowevenmoreinterestingthanwhenit

  firstappeared,becauseinourtimethereisamoregeneraldisposition,insteadofdenyingorglossingovertheseriousevils

  ofindustrialsociety,tofaceandremoveoratleastmitigatethem。Thelaisserfairedoctrine,too,hasbeendiscreditedin

  theoryandabandonedinpractice;andwearereadytoadmitSismondi’sviewoftheStateasapowernotmereintrusted

  withthemaintenanceofpeace,butchargedalsowiththemissionofextendingthebenefitsofthesocialunionandofmodern

  progressaswidelyaspossiblethroughallclassesofthecommunity。Yettheimpressionwhichhistreatiseleavesbehinditis

  adiscouragingone;andthisbecauseheregardsasessentiallyevilmanythingswhichseemtobethenecessaryresultsofthe

  developmentofindustry。Thegrowthofawealthycapitalistclassandofmanufactureonthegreatscale,theriseofavast

  bodyofworkerswholivebytheirlabouralone,theextendedapplicationofmachines,largelandedpropertiescultivatedwith

  theaidofthemostadvancedappliancesallthesehedislikesanddeprecates;buttheyappeartobeinevitable。Theproblem

  is,howtoregulateandmoralisethesystemtheyimply;butwemustsurelyacceptitinprinciple,unlessweaimatathorough

  socialrevolution。SismondimayberegardedastheprecursoroftheGermaneconomistsknownundertheinexact

  designationofSocialistsoftheChair;buttheirwritingsaremuchmorehopefulandinspiring。

  Tothesubjectofpopulationhedevotesspecialcare,asofgreatimportanceforthewelfareoftheworkingclasses。Sofaras

  agriculturistsareconcerned,hethinksthesystemofwhathecallspatriarchalexploitation,wherethecultivatorisalso

  proprietor,andisaidedbyhisfamilyintillingthelandalawofequaldivisionamongthenaturalheirsbeingapparently

  presupposedtheonewhichismostefficaciousinpreventinganundueincreaseofthepopulation。Thefatheris,insucha

  case,abledistinctlytoestimatetheresourcesavailableforhischildren,andtodeterminethestageofsub—divisionwhich

  wouldnecessitatethedescentofthefamilyfromthematerialandsocialpositionithadpreviouslyoccupied。Whenchildren

  beyondthislimitareborn,theydonotmarry,ortheychooseamongsttheirnumberonetocontinuetherace。Thisisthe

  viewwhich,adoptedbyJ。S。Mill,makessogreatafigureinthetoofavourablepresentationbythatwriterofthesystemof

  peasantproprietors。

  InnoFrencheconomicwriterisgreaterforceorgeneralsolidityofthoughttobefoundthaninCharlesDunoyer

  (17861862),authorofLaLibertéduTravail(1845;thesubstanceofthefirstvolumehadappearedunderadifferenttitlein

  1825),honourablyknownforhisintegrityandindependenceundertherégimeoftheRestoration。Whatmakeshimofspecial

  importanceinthehistoryofthescienceishisviewofitsphilosophicalconstitutionandmethod。Withrespecttomethod,he

  strikesthekeynoteattheveryoutsetinthewords\"rechercherexpérimentalement,\"andinprofessingtobuildon\"les

  donnéesdel’observationetdel’expérience。\"Heshowsamarkedtendencytowideneconomicsintoageneralscienceof

  society,expresslydescribingpoliticaleconomyashavingforitsprovincethewholeorderofthingswhichresultsfromthe

  exerciseanddevelopmentofthesocialforces。ThislargerstudyisindeedbetternamedSociology;andeconomicstudiesare

  betterregardedasformingonedepartmentofit。Buttheessentialcircumstanceisthat,inDunoyer’streatmentofhisgreat

  subject,thewidestintellectual,moral,andpoliticalconsiderationsareinseparablycombinedwithpurelyeconomicideas。It

  mustnotbesupposedthatbyliberty,inthetitleofhiswork,ismeantmerelyfreedomfromlegalrestraintoradministrative

  interference;heusesittoexpresswhatevertendstogiveincreasedefficiencytolabour。Heisthusledtodiscussallthe

  causesofhumanprogress,andtoexhibitthemintheirhistoricalworking。

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