Benjamin Franklin : $b Representative selections, with introduction, bibliograpy, and notesFranklin, Benjamin
General
Benjamin Franklin : $b Representative selections, with introduction, bibliograpy, and notes
Franklin, Benjamin
Franklin, Benjamin, 1706-1790
[Footnote i-236: _Ibid._, IV, 242-5 (April 30, 1764). As Mr. Carey
notes. Franklin in several places. _On the Labouring Poor_ and in a
letter (IX, 240-8), suggests that private vices--demands for
luxuries--make public benefits, hence resembling, if not ultimately
derived from, Mandeville's _Fable of the Bees_. Franklin's sanction of
free trade is, however, antithetical to Mandeville's 'dog eat dog'
basis. (See Kaye's Intro. to _The Fable of the Bees_, xcviii ff.)
Franklin in no uncertain terms looks upon trade restrictions definitely
as the result of "the abominable selfishness" of men (VII, 332). As long
as selfishness is the rule, mercantilism, not economic laissez faire,
will be king. It is theoretically probable also that belief in man's
innate altruism could furnish emotional if not logical sanction for
laissez faire--but this abstraction is in Franklin's case futile, since
like Swift he was not blind to man's malevolence!]
[Footnote i-237: _Writings_, IV, 245; see also _ibid._, VIII, 107-8,
261, 19.]
[Footnote i-238: _Ibid._, IX, 41; also 63, 578, 588.]
[Footnote i-239: Cited in Carey, _op. cit._, 160-1.]
[Footnote i-240: See Gide and Rist, _op. cit._, 7 note.]
[Footnote i-241: _Ibid._, 7 note.]
[Footnote i-242: _Ibid._]
[Footnote i-243: Mercier de la Rivière, cited in _ibid._, 8 note.]
[Footnote i-244: _Ibid._, 9-10.]
[Footnote i-245: "Economics and the Idea of Natural Law," _Quarterly
Journal of Economics_, XLIV, 16 (1929). See also O. H. Taylor's valuable
dissertation, "The Idea of a 'Natural Order' in Early Modern Economic
Thought," summarized in Harvard University _Summaries of Theses_, 1928,
102-6, and available in manuscript at the Harvard University Library.]
[Footnote i-246: Taylor, "Economics and the Idea of Natural Law," _loc.
cit._, 16.]
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