Catholics From France

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"In recent times it has been held by many economists that the rate of current saving determined the supply of free capital, that the rate of current investment governed the demand for it, and that the rate of interest was, so to speak, the equilibrating price-factor determined by the point of intersection of the supply curve of savings and the demand curve of investment. But if aggregate saving is necessarily and in all circumstances exactly equal to aggregate investment, it is evident that this explanation collapses. We have to search elsewhere for the solution. I find it in the idea that it is the function of the rate of interest to preserve equilibrium, not between the demand and the supply of new capital goods, but between the demand and the supply of money, that is to say between the demand for liquidity and the means of satisfying this demand. I am here returning to the doctrine of the older, pre-nineteenth century economists. Montesquieu, for example, saw this truth with considerable clarity,— Montesquieu who was the real French equivalent of Adam Smith, the greatest of your economists, head and shoulders above the physiocrats in penetration, clear-headedness and good sense (which are the qualities an economist should have). But I must leave it to the text of this book to show how in detail all this works out."

- Montesquieu

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"In every government there are three sorts of power: the legislative; the executive in respect to things dependent on the law of nations; and the executive in regard to matters that depend on the civil law. By virtue of the first, the prince or magistrate enacts temporary or perpetual laws, and amends or abrogates those that have been already enacted. By the second, he makes peace or war, sends or receives embassies, establishes the public security, and provides against invasions. By the third, he punishes criminals, or determines the disputes that arise between individuals. The latter we shall call the judiciary power, and the other, simply, the executive power of the state. When the legislative and executive powers are united in the same person, or in the same body of magistrates, there can be no liberty; because apprehensions may arise, lest the same monarch or senate should enact tyrannical laws, to execute them in a tyrannical manner. Again, there is no liberty if the judiciary power be not separated from the legislative and executive. Were it joined with the legislative, the life and liberty of the subject would be exposed to arbitrary control; for the judge would be then the legislator. Were it joined to the executive power, the judge might behave with violence and oppression. There would be an end of every thing, were the same man, or the same body, whether of the nobles or of the people, to exercise those three powers, that of enacting laws, that of executing the public resolutions, and of trying the causes of individuals. The executive power ought to be in the hands of a monarch, because this branch of government, having need of dispatch, is better administered by one than by many: on the other hand, whatever depends on the legislative power, is oftentimes better regulated by many than by a single person. But, if there were no monarch, and the executive power should be committed to a certain number of persons, selected from the legislative body, there would be an end of liberty, by reason the two powers would be united; as the same persons would sometimes possess, and would be always able to possess, a share in both."

- Montesquieu

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"As for Descartes, this is... not the place to praise a man whose genius is elevated beyond all praise. He certainly began the true and right way through the ideas, and that which leads so far; but since he had aimed at his own excessive applause, he seems to have broken off the thread of his investigation and to have been content with metaphysical meditations and geometrical studies by which he could draw attention to himself. For the rest, he set out to discover the nature of bodies for the purposes of medicine, rightly indeed, if he had completed the task of ordering the ideas of the mind, for a greater light than can well be imagined would have arisen from these very experiments. His failure to apply his mind to this problem can be explained by no other cause than that he did not adequately think through the full reason and force of the thing. For had he seen a method of setting up a reasonable philosophy with the same unanswerable clarity as arithmetic, he would hardly have used any way other than this to establish a sect of followers, a thing which he so earnestly wanted. For by applying this method of philosophizing, a school would from its very beginning, and by the very nature of things, assert its supremacy in the realm of reason in a geometrical manner and could never perish nor be shaken until the sciences themselves die through the rise of a new barbarism among mankind."

- René Descartes

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"Aristotle remarks in his Poetics that poetry is superior to history, because history presents only what has occurred, poetry what could and ought to have occurred, poetry has possibility at its disposal. Possibility, poetic and intellectual, is superior to actuality; the esthetic and the intellectual are disinterested. But there is only one interest, the interest in existing; disinterestedness is the expression for indifference to actuality. The indifference is forgotten in the Cartesian Cogito-ergo sum, which disturbs the disinterestedness of the intellectual and offends speculative thought, as if something else should follow from it. I think, ergo I think; whether I am or it is (in the sense of actuality, where I means a single existing human being and it means a single definite something) is infinitely unimportant. That what I am thinking is in the sense of thinking does not, of course, need any demonstration, nor does it need to be demonstrated by any conclusion, since it is indeed demonstrated. But as soon as I begin to want to make my thinking teleological in relation to something else, interest enters the game. As soon as it is there, the ethical is present and exempts me from further trouble with demonstrating my existence, and since it obliges me to exist, it prevents me from making an ethically deceptive and metaphysically unclear flourish of a conclusion."

- René Descartes

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"To say that madness is dazzlement is to say that the madman sees the day, the same day that rational men see, as both live in the same light, but that when looking at that very light, nothing else and nothing in it, he sees it as nothing but emptiness, night and nothingness. Darkness for him is another way of seeing the day. Which means that in looking at the night and the nothingness of the night, he does not see at all. And that in the belief that he sees, he allows the fantasies of his imagination and the people of his nights to come to him as realities. For that reason, delirium and dazzlement exist in a relation that is the essence of madness, just as truth and clarity, in their fundamental relation, are constitutive of classical reason. In that sense, the Cartesian progression of doubt is clearly the great exorcism of madness. Descartes closes his eyes and ears the better to see the true light of the essential day, thereby ensuring that he will not suffer the dazzlement of the mad, who open their eyes and only see night, and not seeing at all, believe that they see things when they imagine them. In the uniform clarity of his closed senses, Descartes has broken with all possible fascination, and if he sees, he knows he really sees what he is seeing. Whereas in the madman's gaze, drunk on the light that is night, images rise up and multiply, beyond any possible self-criticism, since the madman sees them, but irremediably separated from being, since the madman sees nothing. Unreason is to reason as dazzlement is to daylight."

- René Descartes

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