There is nothing of such doctrine in Mandeville; there is abundant
evidence in his writings that Mandeville was a convinced adherent of
the prevailing mercantilism of his time. Most English mercantilists
disapproved of some or all kinds of sumptuary regulations on the same
grounds as Mandeville disapproved of some of them, namely, the
existence of more suitable ways of accomplishing their objectives or
the mistaken character of their objectives. Mandeville's objection to
charity schools on the ground that they would alter for the worse the
supplies of labor for different occupations was based on his belief
that England, unlike some other countries, already had more tradesmen
and skilled artisans than it needed. Mandeville, in contrast to Adam
Smith, put great and repeated stress on the importance of the role of
government in producing a strong and prosperous society, through
detailed and systematic regulation of economic activity.
It is a common misinterpretation of Mandeville in this respect to read
his motto, "Private Vices, Publick Benefits," as a laissez-faire motto,
postulating the natural or spontaneous harmony between individual
interests and the public good. The motto as it appeared on title pages
of _The Fable of the Bees_ was elliptical. In his text, Mandeville
repeatedly stated that it was by "the skilful Management of the clever
Politician" that private vices could be made to serve the public good,
thus ridding the formula of any implication of laissez-faire.
This is made clear beyond reasonable doubt by the _Letter to Dion_.
Berkeley, in _Alciphron_, had made Lysicles say: "Leave nature at full
freedom to work her own way, find all will be well." Mandeville, taking
this as directed against himself, disavows it vigorously, and cites the
stress he had put on "laws and governments" in _The Fable of the Bees_.
(pp. 3-4; see also 55). He repeats from _The Fable of the Bees_ his
explanation that when he used as a subtitle the "Private Vices, Publick
Benefits" motto, "I understood by it, that Private Vices, by the
dexterous Management of a skilful Politician, might be turned into
Publick Benefits." (pp. 36-37). Later he refers to the role of the
"skilful Management" of the "Legislator" (p. 42), and to "the Wisdom of
the Politician, by whose skilful Management the Private Vices of the
Worst of Men are made to turn to a Publick Benefit." (p. 45). "They are
silly People," he says, "who imagine, that the Good of the Whole is
consistent with the Good of every Individual." (p. 49).
Public-domain text, read in full here on John Shaqi.
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