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
J. B. Say plays a by no means negligible part in the history of
doctrines. Foreign economists have not always recognised him. Dühring,
who is usually perspicacious, is very unjust to him when he speaks
of “the labour of dilution” to which Say devoted his energies.[284]
His want of insight frequently caused him to glide over problems
instead of attempting to fathom them, and his treatment of political
economy occasionally appears very superficial. Certain difficulties
are veiled with pure verbiage—a characteristic in which he is very
frequently imitated by Bastiat. Despite Say’s greater lucidity, it is
doubtful whether Smith’s obscurity of style is not, after all, more
stimulating for the mind. Notwithstanding all this, he was faithful in
his transmission of the ideas of the great Scotch economist into French.
Happily his knowledge of Turgot and Condillac enabled him to rectify
some of the more contestable opinions of his master, and in this way he
avoided many of the errors of his successors. He has left his mark upon
French political economy, and had the English economists adopted his
conception of the _entrepreneur_ earlier, instead of waiting until the
appearance of Jevons, they would have spared the science many useless
discussions provoked by the work of a thinker who was certainly more
profound but much less judicious than Say, namely, David Ricardo.[285]
CHAPTER III: THE PESSIMISTS
A new point of view is presented to us by the economists of whom we
are now going to speak. Hitherto we have heard with admiration of the
discovery of new facts and of their beneficent effects both upon nations
and individuals. We are now to witness the enunciation of new doctrines
which cast a deepening shadow across the radiant dawn of economics,
giving it that strangely sinister aspect which led Carlyle to dub it “the
dismal science.”
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