The International Magazine, Volume 2, No. 3, February, 1851Various
History
The International Magazine, Volume 2, No. 3, February, 1851
Various
Art, Modern -- 19th century -- Periodicals; Literature, Modern -- 19th century -- Periodicals; Science -- History -- Periodicals
Ricardo left his doctrine of Rents; Malthus his principle of Population;
their books are little read now, and they themselves would have been
long since forgotten, but that they taught what had been taught by no
others. Of the hundreds of their countrymen who have since written,
scarcely one has furnished a new idea; or if such an idea can be found
in the books of any one, it will not bear investigation. Many have
collected facts, that are useful, and all of them have talked and
written about their facts and theories; but only as empirics. One man
contended on one side and another on another, and there was no standard
by which to judge them. Ricardo and Malthus gave laws that would not fit
the facts, and the facts were altered and suppressed to suit the
laws.[22] McCulloch taught that transportation and exchange were more
advantageous than production,[23] and Cobden that it was better to go to
colonies in which _rich_ lands were to be had cheap, than to stay at
home where landlords charged high rents for the _poor_ ones that were
necessarily cultivated: and therefore that imported food would be
cheaper than that which was grown at home. The result has proved that he
was wrong. Food is now obtained with more difficulty than before;
emigration is necessary, and the late decision in Parliament shows that
Protection will be restored: as the ministry could command only the mean
majority of 21.
A few years hence McCulloch will be remembered only as the compiler of a
few indifferent books of reference, and Cobden as the author of much ill
to the people of England. Many of these men have ideas that are sound;
but they know nothing of the principles of the science they undertake to
teach; and so they are continually making blunders. Of all the French
writers of the first forty years of this century, only one, Jean
Baptiste Say, has lived to the middle of it, and his work is only a mass
of error in an imposing form.
This may be called sweeping criticism; but time will prove that it is
just. We need principles, as the astronomers did before Copernicus,
Kepler and Newton, gave them the laws which govern the movements of the
universe. Others observed facts and wrote treatises, but only these
names have lived. Ricardo and Malthus furnished what they believed to be
the great natural laws in regard to land and the sources of its value;
the relation of the laborer and the capitalist; and of population. Their
names are still familiar, but their theories are shattered by the
assaults of critics; they will be forgotten, and their places will be
occupied by those of the great author of whose works we propose to
write. Ricardo and Malthus will be to Carey as Ptolemy to Copernicus.
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