Definitions in Political Economy,: Preceded by an Inquiry Into the Rules which Ought to Guide Political Economists in the Definition and Use of Their Terms; with Remarks on the Deviation from These Rules in Their WritingsMalthus, T. R. (Thomas Robert)
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Definitions in Political Economy,: Preceded by an Inquiry Into the Rules which Ought to Guide Political Economists in the Definition and Use of Their Terms; with Remarks on the Deviation from These Rules in Their Writings
Malthus, T. R. (Thomas Robert)
Classical school of economics; Economics
But it may be observed, that we shall not be able to improve the science
if we are thus to be bound down by past authority. This is
unquestionably true; and I should be by no means inclined to propose to
political economists “jurare in verba magistri,” whenever it can be
clearly made out that a change would be beneficial, and decidedly
contribute to the advancement of the science. But it must be allowed,
that in the less strict sciences there are few definitions to which some
plausible, nay, even real, objections are not to be made; and, if we
determine to have a new one in every case where the old one is not quite
complete, the chances are, that we shall subject the science to all the
very serious disadvantages of a frequent change of terms, without
finally accomplishing our object.
It is acknowledged, however, that a change may sometimes be necessary;
and when it is, the natural rules to be attended to seem to be,
Thirdly. That the alteration proposed should not only remove the
immediate objections which may have been made to the terms as before
applied, but should be shown to be free from other equal or greater
objections, and on the whole be obviously more _useful_ in facilitating
the explanation and improvement of the science. A change which is always
itself an evil, can alone be warranted by superior utility taken in the
most enlarged sense.
Fourthly. That any new definitions adopted should be consistent with
those which are allowed to remain, and that the same terms should always
be applied in the same sense, except where inveterate custom has
established different meanings of the same word; in which case the sense
in which the word is used, if not marked by the context, which it
generally is, should be particularly specified.
I cannot help thinking that these rules for the definitions in political
economy must be allowed to be obviously natural and proper, and that if
changes are made without attention to them, we must necessarily run a
great risk of impeding, instead of promoting, the progress of the
science.
Yet, although these rules appear to be so obvious and natural, as to
make one think it almost impossible that they should escape attention,
it must be acknowledged that they have been too often overlooked by
political economists; and it may tend to illustrate their use and
importance; and possibly excite a little more attention to them in
future; to notice some of the most striking deviations from them in the
works of writers of the highest reputation.
CHAPTER II.
ON THE DEFINITION OF WEALTH BY THE FRENCH ECONOMISTS.
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