Essays on some unsettled Questions of Political Economy
John Stuart Mill · en
But though the definition is, with regard to this particular point,
unobjectionable, so much can scarcely be said for the accompanying
illustration; which rather sends back the mind to the current loose
notion of Political Economy already disposed of. Political Economy is
really, and is stated in the definition to be, a science: but domestic
economy, so far as it is capable of being reduced to principles, is an
art. It consists of rules, or maxims of prudence, for keeping the family
regularly supplied with what its wants require, and securing, with any
given amount of means, the greatest possible quantity of physical
comfort and enjoyment. Undoubtedly the beneficial _result_, the great
practical _application_ of Political Economy, would be to accomplish
for a nation something like what the most perfect domestic economy
accomplishes for a single household: but supposing this purpose
realised, there would be the same difference between the rules by which
it might be effected, and Political Economy, which there is between the
art of gunnery and the theory of projectiles, or between the rules of
mathematical land-surveying and the science of trigonometry.
The definition, though not liable to the same objection as the
illustration which is annexed to it, is itself far from unexceptionable.
To neither of them, considered as standing at the head of a treatise,
have we much to object. At a very early stage in the study of the
science, anything more accurate would be useless, and therefore
pedantic. In a merely initiatory definition, scientific precision is not
required: the object is, to insinuate into the learner's mind, it is
scarcely material by what means, some general preconception of what are
the uses of the pursuit, and what the series of topics through which he
is about to travel. As a mere anticipation or _ébauche_ of a definition,
intended to indicate to a learner as much as he is able to understand
before he begins, of the nature of what is about to be taught to him,
we do not quarrel with the received formula. But if it claims to be
admitted as that complete _definitio_ or boundary-line, which results
from a thorough exploring of the whole extent of the subject, and is
intended to mark the exact place of Political Economy among the
sciences, its pretension cannot be allowed.
"The science of the laws which regulate the production, distribution,
and consumption of wealth." The term wealth is surrounded by a haze of
floating and vapoury associations, which will let nothing that is seen
through them be shewn distinctly. Let us supply its place by a
periphrasis. Wealth is defined, all objects useful or agreeable to
mankind, except such as can be obtained in indefinite quantity without
labour. Instead of all objects, some authorities say, all material
objects: the distinction is of no moment for the present purpose.