The Philosophy of the Practical: Economic and EthicCroce, Benedetto
Philosophy
The Philosophy of the Practical: Economic and Ethic
Croce, Benedetto
Economics; Ethics; Will
view. To maintain that Economy must stop short at this or that degree
of abstraction, and for example be limited to what are called external
goods or riches, excluding services; or to capital, as a concept
distinct from land and human labour, without striving to unify these
three concepts, is altogether capricious. Every unification, like every
specification, can be useful, and haters of abstracticism are also
abstracticists, but only half so.
[Sidenote: _dance at the History of the various tendencies of Economy._]
All those acquainted with economic studies will have recognized in
the concepts that we have explained, the _logical motives_ of the
history of Economy, the divisions, the polemics, the defeats and the
victories of this or that school and the progress of that branch of
studies. The quantitative character of economic science already appears
in its classics; in the inquiries of Aristotle as to prices and value
(_Politic_ and _Nichomachean Ethic_); and this is apparent also in
the rare mentions by Mediæval and Renaissance writers. Economists
have always been mathematicians, even when they have not spoken of
mathematical Economy. Our writers of the nineteenth century, Galiani,
Genovesi and Verri, were mathematicians in their methods; Francesco
Ferrara, the greatest Italian economist of the nineteenth century, was
a mathematician. The economic principle, which is all one with the
excogitation of the economic man, was formulated by the head of the
physiocratic school, Quesnay; and if the title of _political Economy,_
first given to the discipline by Montchrétien in 1615, prevailed,
that of _social Arithmetic_ also sometimes made its appearance. Its
progress has consisted, not only in the discovery of new economic
theorems, but also in the connection and unification of those that had
previously been posited in isolation, of material and immaterial goods,
of the cost of production and of rarity, of gross and net produce, of
agricultural rents and of all the others that are not agricultural, of
the production, distribution and circulation of riches, of economic and
financial laws, of social and isolated economy, of the value of utility
and of the value of exchange. It has even been possible to unite with
the body of admitted economic doctrines those of Marx, which seemed
revolutionary, for these are only definitions of a particular casuistry
founded upon the comparison of different types of economic constitution.
Public-domain text, read in full here on John Shaqi.
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