Blackwood's Edinburgh Magazine, Vol. 68, No 422, December 1850Various
General
Blackwood's Edinburgh Magazine, Vol. 68, No 422, December 1850
Various
England -- Periodicals; Scotland -- Periodicals
Mr Laing supplies us[27] with an apt illustration of the fallacious use
that is very commonly made of general laws, by neglecting to attend
to the special circumstances of each case. It has been laid down as a
maxim by economists, that a government should not attempt to direct,
restrict, or interfere with the employment of capital and industry;
but that every man should be left free to use the portion of them he
possesses, how, where, and when he pleases. Now this maxim may be true
enough in the abstract, and where there are no conditions to limit its
application; but it is not equally true in all political states, nor
in the same state at different times. The social condition of Great
Britain, at the present day, may admit its application more fully than
that of most other nations. But we have only to cross the German Ocean
to find a circumstance easily overlooked--namely, that of climate,
which upsets its relevancy altogether.
A still more striking exemplification of the same fallacy presents
itself too obviously, in the opening of the corn trade in our own
country. "There should be no artificial restrictions on the food of
the people"--that is the abstract axiom on which our legislators
grounded the abolition of all customs on imported grain. Does any
one question the truth of it as a general axiom? Certainly not: and
if we were setting out on a new social system--if the field on which
we had to work was a _tabula rasa_, and we were free in all other
respects, as well as this, to devise a scheme of government for a
nascent community--that maxim would no doubt be kept in view in the
construction of our code. But we have to legislate for a state of
society in which everything else is artificial--in which restrictions
meet us wherever we turn. Our task is not to rear a new edifice, in
the plan of which we could give free scope to our taste and skill; but
to repair, and if possible improve, an ancient fabric, the work of
many different ages, and abounding in all manner of quaint angles and
irregularities. We have to deal with the case of a country burdened
with an enormous weight of general and local taxation, arbitrarily and
unequally distributed,--where the employment of the people, and the
application of their capital and industry, is founded on the faith of
old laws and a settled commercial principle,--above all, a country
where the business of exchange has to be conducted through the most
anomalous medium--the medium of a _fettered currency_. One and all of
these peculiarities in our condition are so many limitations of the
general maxim; and the attempt to carry it out in its full extent,
in defiance of these limitations, can only end in confusion and
disappointment. Political economy is a safe guide in the hands of a
practical legislator, only when he has fully apprehended the truth that
there is not one of its principles, from beginning to end, that may
not be limited by the special condition of each individual state; and
Public-domain text, read in full here on John Shaqi.
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