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
It is necessary that we should try to understand the line of argument
adopted by the French writers in defending the optimistic doctrines which
they so easily mistook for the science itself. They argued somewhat as
follows:
“Pessimism is the great source of evil. The sombre prophecies of the
pessimists have destroyed all belief in ‘natural’ laws and in the
spontaneous organisation of society, and men have been driven to seek for
better fortune in artificial organisation. What is especially needed to
refute the attacks of the critics, both socialists and Protectionists, is
to free the science from the compromising attitude adopted by Malthus and
Ricardo, and to show that their so-called ‘laws’ have no real foundation.
We must strive to show that natural laws lead, not to evil, but to good,
although the path thither be sometimes by way of evil; that individual
interests are at bottom one, and only superficially antagonistic; that,
as Bastiat put it, if everyone would only follow his own interest he
would unwittingly find that he was advancing the interests of all.” In a
word, if pessimism is to be refuted it can only be by the establishment
of optimism.
It is true that the French school protests against the adjective
“optimistic,” and refuses to be called “orthodox.” Its protests would
be justified if optimism implied quietism—that selfish contentment of
the well-to-do _bourgeois_ who feels that everything is for the best
in this best of all worlds—or the attenuated humanitarianism of those
who think that they can allay suffering by kind words or good deeds. It
is nothing of the kind. We have already protested against interpreting
_laissez-faire_ as a mere negation of all activity. It ought to be
accepted in the English sense of fair play and of keeping a clear field
for the combatants. The economists both of the past and of the present
have always been indefatigable wranglers and controversialists of the
first order, and they have never hesitated to denounce abuses. But their
optimism is based upon the belief that the prevalence of evil in the
economic structure is due to the imperfect realisation of liberty. The
best remedy for these defects is greater and more perfect liberty;[691]
hence the title “Liberal,” to which the school lays claim. The liberty of
the worker is the best guarantee against the exploitation of his labour
and the reduction of wages. M. Émile Ollivier, the author of the law
which suppressed combination fines, declared that freedom of combination
would put an end to strikes. Free loans would cause the disappearance of
usury. Freedom of trade would put an end to the adulteration of goods and
the reign of trusts. Competition would everywhere secure cheap production
and just distribution.[692]
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