The English Utilitarians, Volume 2 (of 3): James Mill
John Stuart Mill · en
Let a man starve if he will not work, and he
will work. That, as a sole remedy, may be insufficient; though, even
in that shape, it is a doctrine more likely to be overlooked than
overvalued. And meanwhile the acquiescence in the painful doctrine
that, as a matter of fact, labourers would always multiply to
starvation point, was calculated to produce revolt against the whole
system. Macaulay's doctrine that the Utilitarians had made political
economy unpopular was so far true that the average person resented the
unpleasant doctrines thus obtruded upon him in their most unpleasant
shape; and, if he was told that they were embodied logic, revolted
against logic itself.
V. THE RICARDIANS
It will be quite sufficient to speak briefly of the minor prophets who
expounded the classical doctrine; sometimes falling into fallacies,
against which Ricardo's logical instinct had warned him; and sometimes
perhaps unconsciously revealing errors which really lurked in his
premises. When Ricardo died, James Mill told M'Culloch that they were
'the two and only genuine disciples' of their common friend.[347] Mill
wrote what he intended for a Schoolbook of Political Economy.[348]
Brief, pithy, and vigorous, it purports to give the essential
principles in their logical order; but, as his son remarks,[349] had
only a passing importance. M'Culloch took a more important place by
his writings in the _Edinburgh Review_ and elsewhere, and by his
lectures at Edinburgh and at London. He was one of the first
professors of the new university. His _Principles of Political
Economy_[350] became a text-book, to be finally superseded by John
Stuart Mill. Other works statistical and bibliographical showed great
industry, and have still their value. He was so much the typical
economist of the day that he has been identified with Carlyle's
_M'Crowdy_, the apostle of the dismal science.[351] He writes,
however, with enough vivacity and fervour of belief in his creed to
redeem him from the charge of absolute dulness. An abler thinker was
Colonel (Robert) Torrens (1780-1864).[352] He had served with
distinction in the war; but retired on half-pay, and was drawn by some
natural idiosyncrasy into the dry paths of economic discussion. He was
already confuting the French economists in 1808; and was writing upon
the Bank-charter Act and the Ten Hours' Bill in 1844. Torrens held
himself, apparently with justice, to be rather an independent ally
than a disciple of Ricardo. His chief works were an essay upon the
'External Corn-trade' (1815)[353] and an 'Essay on the Production of
Wealth' (1821). Ricardo pronounced his arguments upon the Corn-trade
to be 'unanswered and unanswerable,'[354] and he himself claimed to be
an independent discoverer of the true theory of rent.[355] He was
certainly a man of considerable acuteness and originality. In these
writings we find the most sanguine expressions of the belief that
political economy was not only a potential, but on the verge of