The Atlantic Monthly, Volume 13, No. 76, February, 1864: A Magazine of Literature, Art, and PoliticsVarious
General
The Atlantic Monthly, Volume 13, No. 76, February, 1864: A Magazine of Literature, Art, and Politics
Various
American periodicals
Of these the first has been cogently urged by Mr. Ruskin, while virtual
admissions to a like effect were made by Mr. Buckle in his spirited
account of Adam Smith. It is this: as a science, Political Economy must
assume the perfect selfishness of every human being. Every science
requires necessary, and therefore invariable, conditions, which, when
expounded, are named laws. Such in Astronomy is gravitation, with the
law of its diminution by distance; such in Chemistry is chemical
attraction, with the law of definite proportions. The natural and
perpetual condition assumed by Political Economy is the absolute
supremacy in man of pecuniary interest. Absolute: it can admit no
modification of this; it can make no room within its province for
generosity, or for any action of man's soul, without forfeiting, so far,
its claim to the character of a science. Put a dollar, with all honor,
liberal justice, and humane attraction, on the one hand; put a dollar
and one cent, with mere legal right and consequent safety, on the other
hand; and Political Economy must assume that every man will gravitate to
the latter by the same necessity which makes the balance incline toward
the heavier weight. Or, conceding the contrary, it yields also its claim
to the character of a perfect science, and takes rank among those
half-sciences which partly expound necessary laws and partly contingent
effects.
Now this assumed sovereignty of pecuniary interest seems to us _not_ a
final account of human beings. There is honor among thieves; is there
none among merchants? Does not every man put some generous consideration
for others into his business-transactions? Has an honorable publisher
_no_ aim but to print that which will sell best? Has he _no_ regard to
the character of his house? Has he _no_ desire to furnish a nourishing
pabulum and a healthful inspiration to the mind of his country? In the
employment of labor and the giving of wages do men generally quite
forget the work_man_, and think only of the work and its profit? This
does not happen to accord with our observation of human nature. We think
there is a large element of honorable human feeling incessantly playing
into the economies of the world; and we think it might be yet larger
without any injurious perturbation of these economies.
Again, as a science, Political Economy considers wealth only as related
to wealth, to itself, not to man. It assumes wealth, as absolute, and
regards man as an instrument for its production and distribution. But
this attitude must be reversed. Wealth cannot be treated of in a wholly
healthful way until it is considered simply as instrumental toward the
higher riches which are contained in man himself.
And here we reach the peculiar virtue of Mr. Mill's book.
Public-domain text, read in full here on John Shaqi.
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