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
The Luxembourg commission was composed of representatives elected by
workmen and masters, three for each industry. The representatives met
in a general assembly to discuss the reports prepared by a permanent
committee of ten workers and an equal number of masters, to which Louis
Blanc had added a few Liberal economists and socialists, such as Le Play,
Dupont-White, Wolowski, Considérant, Pecqueur, and Vidal. Proudhon was
also invited, but refused to join. As a matter of fact, only the workers
took part in the sittings.
The commission, although it possessed no executive power, might have been
of some service. But Louis Blanc, as he himself confessed, regarded it
as “a golden opportunity where socialism had at its disposal a tribunal
from which it could address the whole of Europe.”[657] He still kept up
his _rôle_ of orator and writer, and devoted most of the sittings to an
eloquent appeal for the theories already outlined in his _Organisation
of Labour_.[658] Vidal and Pecqueur undertook the task of elaborating
the more definite proposals. In a lengthy report which appeared in the
_Moniteur_[659] they outlined a plan of State Socialism, with workshops
and agricultural colonies, with State depots and bazaars as places of
sale. Money in the form of warrants was to be borrowed on the security
of goods, and a State system of insurance—excepting life policies—was to
be established. Finally, the Bank of France was to be transformed into
a State bank. This was to extend the operation of credit, and to reduce
the rate of discount simply to insurance against risk. Vidal and not
Pecqueur is obviously the author of the report, for it contains some of
the projects that had already appeared in his book _De la Répartition des
Richesses_.
None of the projects was even discussed by the National Assembly. The
only positive piece of work accomplished by Louis Blanc’s commission
was done under pressure from the workmen. This was the famous decree of
March 2, abolishing piece-work and reducing the working day to ten hours
in Paris and eleven hours in the provinces. This decree, though it was
never put into operation, marks the first rudiments of French labour
legislation. Louis Blanc was forced to grant it because the working-class
element on the commission refused to take part in its proceedings until
they were satisfied on this point. The commission must also be credited
with several successful attempts at conciliation.
Public-domain text, read in full here on John Shaqi.
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