John Stuart Mill; His Life and Works: Twelve Sketches by Herbert Spencer, Henry Fawcett, Frederic Harrison, and Other Distinguished Authors
Philosophy
John Stuart Mill; His Life and Works: Twelve Sketches by Herbert Spencer, Henry Fawcett, Frederic Harrison, and Other Distinguished Authors
Mill, John Stuart, 1806-1873; Philosophers -- Great Britain -- Biography
It is quite true that Mill, as an economist, was largely indebted to
Ricardo; and he has so fully and frequently acknowledged the debt,
that there is some danger of rating the obligation too highly. As he
himself used to put it, Ricardo supplied the backbone of the science;
but it is not less certain that the limbs, the joints, the muscular
developments,--all that renders political economy a complete and
organized body of knowledge,--have been the work of Mill. In Ricardo's
great work, the fundamental doctrines of production, distribution, and
exchange have been laid down, but for the most part in mere outline;
so much so, that superficial students are in general wholly unable to
connect his statement of principles with the facts, as we find them,
of industrial life. Hence we have innumerable "refutations of
Ricardo,"--almost invariably refutations of the writers' own
misconceptions. In Mill's exposition, the connection between
principles and facts becomes clear and intelligible. The conditions
and modes of action are exhibited by which human wants and
desires--the motive powers of industry--come to issue in the actual
phenomena of wealth, and political economy becomes a system of
doctrines susceptible of direct application to human affairs. As an
example, I may refer to Mill's development of Ricardo's doctrine of
foreign trade. In Ricardo's pages, the fundamental principles of that
department of exchange are indeed laid down with a master's hand; but
for the majority of readers they have little relation to the actual
commerce of the world. Turn to Mill, and all becomes clear. Principles
of the most abstract kind are translated into concrete language, and
brought to explain familiar facts; and this result is achieved, not
simply or chiefly by virtue of mere lucidity of exposition, but
through the discovery and exhibition of modifying conditions and links
in the chain of causes overlooked by Ricardo. It was in his "Essays on
Unsettled Questions in Political Economy" that his views upon this
subject were first given to the world,--a work of which M. Cherbuliez
of Geneva speaks as "un travail le plus important et le plus original
dont la science economique se soit enrichie depuis une vingtaine
d'années."
Public-domain text, read in full here on John Shaqi.
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