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 short, his reform projects, like his criticism of the economists,
reveal a certain degree of hesitation, due, no doubt, to the perpetual
conflict between reason and sentiment. Too keen not to see the benefits
of the new industrial _régime_, and too sensitive not to be moved by some
of its more painful consequences, too conservative and too wise to hope
for a general overthrow of society, he is content to remain an astonished
but grieved spectator of the helplessness of mankind in the face of this
evil. He did not feel himself competent to suggest a remedy. He himself
has confessed to this in touching terms:
“I grant that, having indicated what in my opinion is the principle of
justice in this matter, I do not feel myself equal to the task of showing
how it can be realised. The present method of distributing the fruits of
industry among those who have co-operated in its production appears to
me to be curious. But a state of society absolutely different from that
with which we are now acquainted appears to be beyond the wit of man to
devise.”[429]
* * * * *
It is a striking fact that most of the important movements in the
nineteenth century can be traced back to Sismondi’s writings. He was the
first critic whom the Classical school encountered in its march, and
he treats us to a full _résumé_ of its many heresies. In the bitter
struggle which ensued the heretics won the day, their nostrums taking
the place of the Classical doctrines in the public favour. But it seems
hardly possible that Sismondi’s work should have determined the course of
these newer tendencies. His immediate influence was extremely limited.
It scarcely told at all except upon the socialists. His book was soon
forgotten, and not until our own day was its importance fully realised.
It would be truer to say that in the course of the nineteenth century
there was a spontaneous revival of interest in the ideas promulgated
by Sismondi. None the less he was the first writer to raise his voice
against certain principles which were rapidly crystallising into dogmas.
He was the earliest economist who dared resist the conclusions of the
dominant school, and to point to the existence of facts which refused
to tally with the large and simple generalisations of his predecessors.
If not the founder of the new schools that were about to appear,
he was their precursor. They are inspired by the same feelings and
welcome the same ideas. His method is an anticipation of that of the
Historical school. His definition of political economy as a philosophy
of history[430] works wonders in the hands of Roscher, Knies, and
Hildebrand. His plea for a closer observation of facts, his criticism of
the deductive process and its hasty generalisations, will find an echo in
the writings of Le Play in France, of Schmoller in Germany, and of Cliffe
Leslie and Toynbee in England. The founders of the German Historical
Public-domain text, read in full here on John Shaqi.
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