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
This divergence really belongs to the origin of the science. Traces of it
may be discovered if we compare the Physiocrats with Adam Smith, or J. B.
Say with Ricardo; but it was now accentuated, for reasons that we shall
presently indicate.
Our third Book naturally divides itself into two parts, the one devoted
to the French Liberal school, the other to the English.
CHAPTER I: THE OPTIMISTS
The previous Book has shown us the unsettled state of economic science.
It has also indicated how the science was turned from its original
course by reverses suffered at the hands of criticism, socialism, and
interventionism, which were now vigorous everywhere. The time had come
for an attempt to bring economic science back into its true path and
to its old allegiance to the “natural order,” a position which it had
renounced since the days of the Physiocrats and Adam Smith. This was the
task more especially undertaken by the French economists.
The attitude of the French school is not difficult to explain, for
the French economists found themselves faced by both socialism and
Protection. We must never forget that France is the classic land of
socialism.[690] The influence exercised in England by Owen and in Germany
by Weitling or Schuster is unworthy of comparison with the exalted _rôle_
played by Saint-Simon, Fourier, or Proudhon in France. The latter writers
wielded a veritable charm, not merely over working men, but also over the
intellectuals, and on that account were all the more dangerous, in the
opinion of economists.
French Protection was never represented by such a prominent champion
as Germany had in List, but it was none the less active. Protection in
England succumbed after a feeble resistance to the repeal movement led
by Cobden, but in France it was powerful enough to resist the campaign
inaugurated by Bastiat. It is true that Napoleon III suppressed it, but
it soon reappeared, as vigorous as ever.
The French school had thus to meet two adversaries, disguised as one;
for Protection was but a counterfeit of socialism, and all the more
hateful because it claimed to increase the happiness of proprietors
and manufacturers—of the wealthy; while socialists did at least aim at
increasing the happiness of the workers—of the poor. Protection was
also more injurious, for being in operation its ravages were already
felt, whereas the other, happily, was still at the Utopian stage. But in
hitting at both adversaries at once the French school discovered that
it possessed this advantage: it was free from the reproach that it was
serving the interests of a particular class, and could confidently reply
that it was fighting for the common good.
A war of a hundred years can scarcely fail to leave a mark upon the
nation which bears the brunt of it, and we think that this affords
some explanation of the apologetic tendencies and of the normative and
finalistic hypotheses for which the French school has so often been
reproached.
Public-domain text, read in full here on John Shaqi.
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