Political thought in England from Locke to BenthamLaski, Harold J. (Harold Joseph)
Philosophy
Political thought in England from Locke to Bentham
Laski, Harold J. (Harold Joseph)
Political science -- Great Britain -- History
Enlightened selfishness is thus the root of prosperity; but we must not
fall into the easy fallacy which makes Smith deaf to the plaint of the
poor. He urged the employer to have regard to the health and welfare of
the worker, a regard which was the voice of reason and humanity. Where
there was conflict between love of the _status quo_ and a social good
which Revolution alone could achieve, he did not, at least in the _Moral
Sentiments_, hesitate to choose the latter. Order was, for the most
part, indispensable; but "the greatest and noblest of all characters" he
made the reformer of the State. Yet he is too impressed by the working
of natural economic laws to belittle their influence. Employers, in his
picture, are little capable of benevolence or charity. Their rule is the
law of supply and demand and not the Sermon on the Mount. They combine
without hesitation to depress wages to the lowest point of subsistence.
They seize every occasion of commercial misfortune to make better terms
for themselves; and the greater the poverty the more submissive do
servants become so that scarcity is naturally regarded as more favorable
to industry.
Obviously enough, the inner hinge of all this argument is Smith's
conception of nature. Nor can there be much doubt of what he thought its
inner substance. Facile distinctions such as the effort of Buckle to
show that while in the _Moral Sentiments_ Adam Smith was dealing with
the unselfish side of man's nature, in the _Wealth of Nations_ he was
dealing with a group of facts which required the abstraction of such
altruistic elements, are really beside the point. Nature for Smith is
simply the spontaneous action of human character unchecked by hindrances
of State. It is, as Bonar has aptly said, "a vindication of the
unconscious law present in the separate actions of men when these
actions are directed by a certain strong personal motive." Adam Smith's
argument is an assumption that the facts can be made to show the
relative powerlessness of institutions in the face of economic laws
grounded in human psychology. The psychology itself is relatively
simple, and, at least in the _Wealth of Nations_ not greatly different
from the avowed assumptions of utilitarianism. He emphasizes the
strength of reason in the economic field, and his sense that it enables
men to judge much better of their best interests than an external
authority can hope to do. And therefore the practices accomplished by
this reason are those in which the impulses of men are to be found. The
order they represent is the natural order; and whatever hinders its full
operation is an unwise check upon the things for which men strive.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account