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
Instruction is the second duty upon which the Physiocrats lay special
stress. “Universal education,” says Baudeau, “is the first and only
social tie.” Quesnay is specially anxious for instruction on the “natural
order,” and the means of becoming acquainted with it. Further, the only
guarantee against personal despotism lies in well-diffused instruction
and an educated public opinion. If public opinion, as Quesnay said, is to
lead, it should be enlightened.
Public works are also mentioned. A wise landlord has good roads on his
property, for good roads and canals improve it. These represent a species
of _avances foncières_, similar to those undertaken by proprietors.
This is by no means all.[91] There are a number of duties recognised as
belonging to the State, of which every economist of the Liberal school up
to Bastiat and M. de Molinari approves.
We will add one other trait. Like the Liberal school, the Physiocrats
were whole-hearted “internationalists.” In this respect they differ from
their prototypes, the Chinese. They believed that all class distinctions
and all international barriers ought to be removed in the interest of
political development, as well as in that of scientific study.[92] The
peace advocates of to-day would do well to make the acquaintance of their
illustrious predecessors.
III: TAXATION
The bulk of the Physiocratic system is taken up with the exposition of
a theory of taxation, which really forms one of the most characteristic
portions of their work. Though inextricably bound up with the theory
of the net product and with the conception of landed proprietorship,
curiously enough, it has survived the rest of their doctrine, and quite
recently has been given a new lease of life.
In the table showing the distribution of the national income three
participators only are mentioned—the landed proprietor, the farmer, and
the artisan. But there is also a fourth—the Physiocratic sovereign, who
is none other than the State itself, and who thoroughly deserves a share.
This benevolent despot, whose duties we have just mentioned, cannot be
very exacting, for, having little to do, his demands must be moderate.
In addition to his double mission of maintaining security and giving
instruction, he must also contribute towards increasing the productivity
of the land by establishing public works, making roads, etc.[93] Money is
required for all this, and the Physiocrats argued that taxes ought to be
paid liberally,[94] and not grudgingly, as is too often the case under a
parliamentary _régime_. Where is this money to come from?
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