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
No attempt was made either by Adam Smith, Ricardo, or J. B. Say to make
clear the distinction between the science of political economy and the
fact of social organisation.[502] Property, as we have already had
occasion to remark, was a social fact that was accepted by them without
the slightest demur. The methods of dividing property and of inheriting
it, the causes that determined its rise and the consequences that
resulted from its existence, were questions that remained outside the
scope of their discussions. By division or distribution of wealth they
meant simply the distribution of the annual revenue between the various
factors of production. Their interest centres round problems concerning
the rate of interest or the rate of wages or the amount of rent. Their
theory of distribution is simply a theory concerning the price of
services. No attention was paid to individuals, the social product being
supposed to be divided between impersonal factors—land, capital, and
labour—according to certain necessary laws. For convenience of discussion
the impersonal occasionally becomes personal, as when they speak of
proprietors, capitalists, and workers, but that is not allowed to affect
the general trend of the argument.
For the Saint-Simonians, on the other hand, and for socialists in
general the problem of distribution consists especially in knowing how
property is distributed. The question is to determine why some people
have property while others have none; why the instruments of production,
land, and capital should be so unevenly distributed, and why the revenues
resulting from this distribution should be unequal. For a consideration
of the abstract factors of production the socialists are anxious to
substitute the study of actual living individuals or social classes and
the legal ties which bind them together. These differing conceptions of
distribution have given rise to two different problems, the one primarily
economic, the other social, and sufficient care has not always been taken
to distinguish between these two currents, which have managed to coexist,
much to the confusion of social thinking in the nineteenth century.
Another essential difference between their respective points of view
consists of the different manner in which economists and socialists
conceive of the opposition that exists between the general interest and
the interests of individuals.
Classical writers envisaged it as a conflict between the interests of
consumers, _i.e._ everybody, and the interests of producers, which are
more or less the interests of a particular class.
Public-domain text, read in full here on John Shaqi.
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