Essays on some unsettled Questions of Political Economy
John Stuart Mill · en
If, therefore, Political Economy be a science, it cannot be a collection
of practical rules; though, unless it be altogether a useless science,
practical rules must be capable of being founded upon it. The science of
mechanics, a branch of natural philosophy, lays down the laws of motion,
and the properties of what are called the mechanical powers. The art of
practical mechanics teaches how we may avail ourselves of those laws and
properties, to increase our command over external nature. An art would
not be an art, unless it were founded upon a scientific knowledge of the
properties of the subject-matter: without this, it would not be
philosophy, but empiricism; [Greek: empeiria,] not [Greek: technae,] in
Plato's sense. Rules, therefore, for making a nation increase in wealth,
are not a science, but they are the results of science. Political
Economy does not of itself instruct how to make a nation rich; but
whoever would be qualified to judge of the means of making a nation
rich, must first be a political economist.
2. The definition most generally received among instructed persons, and
laid down in the commencement of most of the professed treatises on the
subject, is to the following effect:--That Political Economy informs us
of the laws which regulate the production, distribution, and consumption
of wealth. To this definition is frequently appended a familiar
illustration. Political Economy, it is said, is to the state, what
domestic economy is to the family.
This definition is free from the fault which we pointed out in the
former one. It distinctly takes notice that Political Economy is a
science and not an art; that it is conversant with laws of nature,
not with maxims of conduct, and teaches us how things take place of
themselves, not in what manner it is advisable for us to shape them,
in order to attain some particular end.