Now that we have determined, not without difficulty, the meaning of the question asked by the Academy of Moral Sciences touching the oscillations of profit and wages, it is time to begin the essential part of our work. Wherever labor has not been socialized,--that is, wherever value is not synthetically determined,--there is irregularity and dishonesty in exchange; a war of stratagems and ambuscades; an impediment to production, circulation, and consumption; unproductive labor; insecurity; spoliation; insolidarity; want; luxury: but at the same time an effort of the genius of society to obtain justice, and a constant tendency toward association and order. Political economy is simply the history of this grand struggle. On the one hand, indeed, political economy, in so far as it sanctions and pretends to perpetuate the anomalies of value and the prerogatives of selfishness, is truly the theory of misfortune and the organization of misery; but in so far as it explains the means invented by civilization to abolish poverty, although these means always have been used exclusively in the interest of monopoly, political economy is the preamble of the organization of wealth. It is important, then, that we should resume the study of economic facts and practices, discover their meaning, and formulate their philosophy. Until this is done, no knowledge of social progress can be acquired, no reform attempted. The error of socialism has consisted hitherto in perpetuating religious reverie by launching forward into a fantastic future instead of seizing the reality which is crushing it; as the wrong of the economists has been in regarding every accomplished fact as an injunction against any proposal of reform. For my own part, such is not my conception of economic science, the true social science. Instead of offering a priori arguments as solutions of the formidable problems of the organization of labor and the distribution of wealth, I shall interrogate political economy as the depositary of the secret thoughts of humanity; I shall cause it to disclose the facts in the order of their occurrence, and shall relate their testimony without intermingling it with my own. It will be at once a triumphant and a lamentable history, in which the actors will be ideas, the episodes theories, and the dates formulas. CHAPTER III. ECONOMIC EVOLUTIONS.--FIRST PERIOD.--THE DIVISION OF LABOR. The fundamental idea, the dominant category, of political economy is VALUE. Value reaches its positive determination by a series of oscillations between SUPPLY and DEMAND.