Essays on some unsettled Questions of Political Economy — John Stuart Mill — John Shaqi
Essays on some unsettled Questions of Political Economy
John Stuart Mill · en
expositions of Political Economy itself; the strictness of purely
scientific arrangement being thereby somewhat departed from, for the
sake of practical utility. So far as it is known, or may be presumed,
that the conduct of mankind in the pursuit of wealth is under the
collateral influence of any other of the properties of our nature than
the desire of obtaining the greatest quantity of wealth with the least
labour and self-denial, the conclusions of Political Economy will so far
fail of being applicable to the explanation or prediction of real
events, until they are modified by a correct allowance for the degree of
influence exercised by the other cause.
Political Economy, then, may be defined as follows; and the definition
seems to be complete:--
"The science which traces the laws of such of the phenomena of society
as arise from the combined operations of mankind for the production of
wealth, in so far as those phenomena are not modified by the pursuit of
any other object."
But while this is a correct definition of Political Economy as a portion
of the field of science, the didactic writer on the subject will
naturally combine in his exposition, with the truths of the pure
science, as many of the practical modifications as will, in his
estimation, be most conducive to the usefulness of his work.
* * * * *
The above attempt to frame a stricter definition of the science than
what are commonly received as such, may be thought to be of little use;
or, at best, to be chiefly useful in a general survey and classification
of the sciences, rather than as conducing to the more successful pursuit
of the particular science in question. We think otherwise, and for this
reason; that, with the consideration of the definition of a science, is
inseparably connected that of the _philosophic method_ of the science;
the nature of the process by which its investigations are to be carried
on, its truths to be arrived at.
Now, in whatever science there are systematic differences of opinion
--which is as much as to say, in all the moral or mental sciences, and
in Political Economy among the rest; in whatever science there exist,
among those who have attended to the subject, what are commonly called
differences of principle, as distinguished from differences of
matter-of-fact or detail,--the cause will be found to be, a difference
in their conceptions of the philosophic method of the science. The
parties who differ are guided, either knowingly or unconsciously, by
different views concerning the nature of the evidence appropriate to the
subject. They differ not solely in what they believe themselves to see,
but in the quarter whence they obtained the light by which they think
they see it.