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
school, in their ignorance of foreign writers, regarded him as a
socialist,[431] but the younger representatives of that school have done
full justice to his memory, and recognise him as one of their earliest
representatives.
By his appeal to sentiment and his sympathy for the working classes, by
his criticism of the industrial _régime_ of machines and competition, by
his refusal to recognise personal interest as the only economic motive,
he foreshadows the violent reaction of humanitarianism against the stern
implacability of economic orthodoxy. We can almost hear the eloquence of
Ruskin and Carlyle, and the pleading of the Christian Socialists, who in
the name of Christian charity and human solidarity protest against the
social consequences of production on a large scale. Like Sismondi, social
Christianity will direct its attack, not against the science itself, but
against the easy _bourgeois_ complacency of its advocates. A charge of
selfishness will be brought, not against economic science as such, but
against its representatives and the particular form of society which it
upholds.
Finally, by his plea for State intervention Sismondi inaugurated a
reaction against Liberal absolutism, a reaction that deepened in
intensity and covered a wider area as the century wore on, and which
found its final expression in State socialism, or “the socialism of the
chair.” He was the first to advocate the adoption of factory legislation
in France and to seek to give the Government a place in directing
economic affairs. The impossibility of complete abdication on the part
of the State would, he thought, become clearer every day. But it was
little more than an aspiration with him; it never reached the stage of a
practical suggestion.
Thus in three different ways Sismondi’s proposals were destined to give
rise to three powerful currents of thought, and it is not surprising that
interest in his work should have grown with the development of the new
tendencies which he had anticipated.
Public-domain text, read in full here on John Shaqi.
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