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
Owen had founded no school, unless of course we consider that the
co-operators are deserving of the title. There were, however, a few
disciples who attempted to apply his theories. One of these was William
Thompson, whose writings, forgotten for many years, have recently come in
for a good deal of extravagant praise. His principal work, _An Inquiry
into the Principles of the Distribution of Wealth_, was published in
1824. As compared with Owen he reveals a greater depth of thought and
shows a more thorough acquaintance with economic science, and he ought
perhaps to be given premier place as the founder of socialism. But, as
we have pointed out in the Preface, we cannot readjust the judgment
of history, and we are bound to accept the names which tradition has
made sacred. And if a person’s rank in history is to be measured by his
influence rather than his talent, then Thompson’s influence was _nil_,
for at the time his work seems to have passed almost unnoticed.
We will only remark that Thompson’s grasp of the idea that labour does
not enjoy all it produces is much firmer than Owen’s. This meant opening
the way for a discussion of surplus value and unproductive labour, of
which more anon. He agrees with Owen in thinking that expropriation
would not remedy the evil, and he also would rather build up a new form
of enterprise in which the worker would be able to retain for himself
all the produce of his labour. This was precisely the co-operative
ideal.[526]
II: CHARLES FOURIER
Owen’s practical influence has been much greater than Fourier’s, for most
of the important socialistic movements of the last century can easily be
traced back to Owen. But Fourier’s intellectual work, when taken as a
whole, though more Utopian and less restrained in character than Owen’s,
has a considerably wider outlook, and combines the keenest appreciation
of the evils of civilisation with an almost uncanny power of divining the
future.[527]
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account