The Popular Science Monthly, September, 1900: Vol. 57, May, 1900 to October, 1900Various
Science
The Popular Science Monthly, September, 1900: Vol. 57, May, 1900 to October, 1900
Various
Science -- Periodicals; Technology -- Periodicals
Economics, like other sciences, lies under a great debt of obligation
to French pioneers. The physiocrats, or _économistes_, of the
eighteenth century, were the first school of writers to make it worthy
of the name of a science. In Cournot, France gave us a giant of
originality in pure theory. In Comte, we have a philosopher fruitful
in suggestion to the narrower economist. In Le Play, we have a writer
as yet little known in England, but to whom recognition and respect
are gradually coming for his early perception of the importance of
ascertaining the facts of consumption, and it is to Le Play’s ‘family
budgets,’ the receipts and expenses of workmen’s families, that I
desire especially to call attention. I have given elsewhere an account
of his life and work.[E] Broadly speaking, he sets himself by the
comparative study of workmen’s families in different countries of
Europe to arrive at the causes of well-being and of misery among
the laboring classes. The subject was too large to lead him in many
directions to very precise conclusions. We are reminded in reading
him of an incident at a dinner of the Political Economy Club in 1876,
when Mr. Robert Lowe propounded the question: “What are the more
important results which have followed from the publication of the
‘Wealth of Nations’ just one hundred years ago?” Some of the most
enthusiastic admirers of Adam Smith were present, Mr. Gladstone and
M. Léon Say among the number; and Mr. Lowe trenchantly declared that
it all came to this: “The causes of wealth are two, industry and
thrift; the causes of poverty are two, idleness and waste.” It was
left to Mr. W. E. Forster to make the rugged remark: “You don’t want
to go to Adam Smith for that--you can get that out of the Proverbs of
Solomon.” And Le Play’s conclusions frequently go still further back,
to the Decalogue. There are, however, many observations, suggestive
and original, upon the material facts, the economic life, of the
families he brought under review. And we are now concerned rather with
his method than with his conclusions. Given half a dozen Le Plays
applying their minds to the study of the consumption of wealth among
the working classes of England, we might expect soon to see a greater
advance in comfort, a greater rise in the standard of life, than
improved arts of production alone are likely to yield in a generation.
Certain English writers had, indeed, prepared family budgets before
Le Play arose. But their method was usually incomplete except for the
specific purpose they had before them. David Davies and Sir F. Eden
were chiefly concerned with the poor law, Arthur Young and Cobbett with
agricultural politics, Dudley Baxter and Leone Levi with taxation.
Le Play may fairly be called the father of the scientific family
budget. His studies of four English families[F] are the most complete
economic pictures of English popular life to be found in literature.
With the aid of some local authority he chose what was thought a
Public-domain text, read in full here on John Shaqi.
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