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。