Tolstoy's interpretation of money and propertyStanoyevich, Milivoy S. (Milivoy Stoyan)
Philosophy
Tolstoy's interpretation of money and property
Stanoyevich, Milivoy S. (Milivoy Stoyan)
Money; Property; Tolstoy, Leo, graf, 1828-1910
These theories on money respecting production do not appear of such
nature that they could be applied in the other countries besides
Russia. The Russian enlightened feudalism of the nineteenth century
gave Tolstoy excellent material and a good reason to attack it with
all his strength, and he was right. But his assault on political
economy for its “omission” to treat the natural objects in production
of wealth, are not justifiable, and could not be admitted. In the first
place, any better political economy does not consider these objects at
length, because nobody lays claims on them, as Tolstoy himself avowed
this fact[41]. The gifts of nature cannot be appropriated by any one.
They are inexhaustible and unlimited as compared with the wants of men.
Therefore they never have a direct value to be taken as factors of
productions[42].
In modern industrial society the essential factors of production, among
the others, are money and wealth. Wealth is usually regarded as the
object of consumption, and as an agent of production[43]. The idea
of wealth, however, is often confounded with the idea of money. John
S. Mill has justly remarked that most people regard money as wealth,
because by that means they provide almost all their necessities. In
the same sense is the assertion of the French economist Charles Gide,
when he noted that in all times and in all places except among savages,
money has occupied an exceptional place in the thoughts and desires of
men. People regard it, if not as the only wealth, at any rate, as by
far the most important form of wealth. They appear to measure the value
of all other wealth by the quantity of money that can be obtained in
exchange for it. _Etre riche, c’est avoir soit de l’argent, soit les
moyens de s’en procurer[44]._
Public-domain text, read in full here on John Shaqi.
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