Blackwood's Edinburgh Magazine, Volume 57, No. 355, May 1845Various
Philosophy
Blackwood's Edinburgh Magazine, Volume 57, No. 355, May 1845
Various
England -- Periodicals; Scotland -- Periodicals
So strongly is he impressed with this idea, and so convinced of the
ruinous direction which the social sciences are taking, under the combined
influence of philosophic error and monied ambition, that he thinks it
indispensable, that language should mark the lasting and indelible crisis
of distinction between the philosophy of general happiness and the means
by which national wealth may be augmented. The first he calls "Economie
Politique," or "Les Sciences Sociales;" the last "_Chrematistique_," or
the art of accumulating riches in a state.[4] It is in the conversion of
political economy, or the science of making men happy, which of course can
only be done by rendering them orderly, moral, and religious, into
Chrematistique, or the mere pursuit of the means by which we may augment
the sum of national riches, that the unobserved source of by far the
greatest social evils of the present day is to be found. These evils are
greater than either the slavery of the Romans or the bondage of serfs in
modern times; for they have induced the ruinous effects of both these
degrading systems, without the alleviating and counteracting advantages
with which either was attended. And the way in which this effect flows
from the social doctrines of modern times, is this.
An augmentation of production is generally considered as an addition to
national wealth; and it is on this ground that all nations, under the
guidance of the _Chrematists_, are making such strenuous efforts to
increase their agricultural and manufactured produce. Such an
augmentation, however, says Sismondi, is not only by no means in every
case an addition to national wealth, but it is often a useless and
pernicious addition to national suffering. If the supply of any article
exceeds what can be consumed in the early and simple ages of society, or
disposed of to advantage in the later, it is not only no advantage, but a
positive loss. What avails it that the yards of cotton cloth manufactured,
or the quarters of wheat raised, are increased in a country from
50,000,000 to 100,000,000, if, in consequence of the increased supply, the
price is lowered one-half? The producers get their trouble for their
pains--they gain nothing--the consumers get more than they require--great
part of the superfluity is wasted or sent abroad at a ruinous loss.
Augmentation of production, therefore, is not in every case a sign of
increased national wealth; it is the _maintenance of a due proportion
between production and consumption_ which is the real desideratum, and
forms the only real basis of lasting national opulence.
Public-domain text, read in full here on John Shaqi.
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