A history of economic doctrines : $b from the time of the physiocrats to the present day — John Shaqi
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
Turgot was the only literary person among them, but like his _confrères_
he was devoid of wit, though the age was noted for its humorists. On
the whole they were a sad and solemn sect, and their curious habit of
insisting upon logical consistency—as if they were the sole depositaries
of eternal truth—must often have been very tiresome. They soon fell an
easy prey to the caustic sarcasm of Voltaire.[10] But despite all this
they enjoyed a great reputation among their more eminent contemporaries.
Statesmen, ambassadors, and a whole galaxy of royal personages, including
the Margrave of Baden, who attempted to apply their doctrines in his
own realm, the Grand Duke Leopold of Tuscany, the Emperor Joseph II of
Austria, Catherine, the famous Empress of Russia, Stanislaus, King of
Poland, and Gustavus III of Sweden, were numbered among their auditors.
Lastly, and most unexpectedly of all, they were well received by the
Court ladies at Versailles. In a word, Physiocracy became the rage.
All this may seem strange to us, but there are several considerations
which may well be kept in view. The society of the period, _raffiné_ and
licentious as it was, took the same delight in the “rural economy” of the
Physiocrats as it did in the pastorals of Trianon or Watteau. Perhaps
it gleaned some comfort from the thought of an unchangeable “natural
order,” just when the political and social edifice was giving way beneath
its feet. It may be that its curiosity was roused by that terse saying
which Quesnay wrote at the head of the _Tableau economique_: “Pauvres
paysans, pauvre royaume! Pauvre royaume, pauvre roi!” or that it felt in
those words the sough of a new breeze, not very threatening as yet, but a
forerunner of the coming storm.
An examination of the doctrine, or the essential principles as they
called them, must precede a consideration of the system or the proposed
application of those principles.
I
I: THE NATURAL ORDER
The essence of the Physiocratic system lay in their conception of the
“natural order.” _L’Ordre naturel et essential des Societés politiques_
is the title of Mercier de la Rivière’s book, and Dupont de Nemours
defined Physiocracy as “the science of the natural order.”
What are we to understand by these terms?
It is hardly necessary to say that the term “natural order” is meant
to emphasise the contrast between it and the artificial social order
voluntarily created upon the basis of a social contract.[11] But a purely
negative definition is open to many different interpretations.
In the first place, this “natural order” may be conceived as a state
of nature in opposition to a civilised state regarded as an artificial
creation. To discover what such a “natural order” really was like man
must have recourse to his origins.
Public-domain text, read in full here on John Shaqi.
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