System of Economical Contradictions; Or, The Philosophy of MiseryProudhon, P.-J. (Pierre-Joseph)
Philosophy
System of Economical Contradictions; Or, The Philosophy of Misery
Proudhon, P.-J. (Pierre-Joseph)
Economics
2. But the economists have erred no less gravely in rejecting a
priori, and just because of the contradictory, or rather
antinomical, nature of value, every idea and hope of reform,
never desiring to understand that, for the very reason that
society has arrived at its highest point of antagonism,
reconciliation and harmony are at hand. This, nevertheless, is
what a close study of political economy would have shown to its
adepts, had they paid more attention to the lights of modern
metaphysics. It is indeed demonstrated, by the most positive
evidence known to the human mind, that wherever an antinomy
appears there is a promise of a resolution of its terms, and
consequently an announcement of a coming change. Now, the idea
of value, as developed by J. B. Say among others, satisfies
exactly these conditions. But the economists, who have remained
for the most part by an inconceivable fatality ignorant of the
movement of philosophy, have guarded against the supposition that
the essentially contradictory, or, as they say, variable,
character of value might be at the same time the authentic sign
of its constitutionality,--that is, of its eminently harmonious
and determinable nature. However dishonorable it may be to the
economists of the various schools, it is certain that their
opposition to socialism results solely from this false
conception of their own principles; one proof, taken from a
thousand, will suffice.
The Academy of Sciences (not that of Moral Sciences, but the
other), going outside of its province one day, listened to a
paper in which it was proposed to calculate tables of value for
all kinds of merchandise upon the basis of the average product
per man and per day's labor in each branch of industry. "Le
Journal des Economistes" (August, 1845) immediately made this
communication, intrusive in its eyes, the text of a protest
against the plan of tariff which was its object, and the occasion
of a reestablishment of what it called true principles:--
"There is no measure of value, no standard of value," it said in
its conclusions; "economic science tells us this, just as
mathematical science tells us that there is no perpetual motion
or quadrature of the circle, and that these never will be found.
Now, if there is no standard of value, if the measure of value is
not even a metaphysical illusion, what then is the law which
governs exchanges? . . . . . As we have said before, it is, in a
general way, SUPPLY and DEMAND: that is the last word of
science."
Now, how did "Le Journal des Economistes" prove that there is no
measure of value? I use the consecrated expression: though I
shall show directly that this phrase, MEASURE OF VALUE, is
somewhat ambiguous, and does not convey the exact meaning which
it is intended, and which it ought, to express.
Public-domain text, read in full here on John Shaqi.
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