A history of economic doctrines : $b from the time of the physiocrats to the present dayGide, Charles
History
A history of economic doctrines : $b from the time of the physiocrats to the present day
Gide, Charles
Economics -- History
In this way Say broke with the long tradition which, stretching from the
days of the Canonists and the Cameralists to those of the Mercantilists
and the Physiocrats, had treated political economy as a practical art
and a guide for statesmen and administrators. Smith had already tried
to approach economic phenomena as a scientist, but there was always
something of the reformer in his attitude. Say’s only desire was to
be a mere student; the healing art had no attraction for him, and so
he inaugurates the true scientific method. He, moreover, instituted a
comparison between this science and physics rather than between it and
natural history, and in this respect also he differed from Smith, for
whom the social body was essentially a living thing. Without actually
employing the term “social physics,” he continually suggests it by
his repeated comparison with Newtonian physics. The principles of the
science, like the laws of physics, are not the work of men. They are
derived from the very nature of things. They are not established; they
are discovered. They govern even legislators and princes, and one never
violates them with impunity.[265] Like the laws of gravity, they are not
confined within the frontiers of any one country, and the limits of State
administration, which are all-important for the student of politics, are
mere accidents for the economist.[266] Political economy is accordingly
based on the model of an exact science, with laws that are universal.
Like physics, it is not so much concerned with the accumulation of
particular facts as with the formulation of a few general principles from
which a chain of consequences of greater or smaller length may be drawn
according to circumstances.
A delight in uniformity,[267] love of universality, and contempt for
isolated facts, these are the marks of the savant. But the same qualities
in men of less breadth of view may easily become deformed and result in
faults of indifference or of dogmatism, or even contempt for all facts.
And are these very faults not produced by the stress which he lays upon
these principles? Was not political economy placed in a vulnerable
position for the attacks of Sismondi, of List, of the Historical school,
and of the Christian Socialists by this very work of Say? In his radical
separation of politics and economics, in avoiding the “practical”
leanings of Adam Smith, he has succeeded in giving the science a greater
degree of harmony. But it also acquired a certain frigidity which his
less gifted successors have mistaken for banality or crudity. Rightly or
wrongly, the responsibility is ascribed to Say.
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