"The market (the peaceful competition for the acquisition of goods) requires the prior existence of the social contract (the agreement to abide by contracts and the establishment of a judge to arbitrate and enforce contracts) without which men are in a state of war. The market presupposes the existence of law and the absence of war. War was the condition of man prior to the existence of civil society, and the return to it is always possible. The force and fraud required to end war have nothing to do with the market and are illegitimate within it. The rational behavior of men at peace, in which economics specializes, is not the same as the rational behavior of men at war, as was so tellingly pointed out by Machiavelli. Political science is more comprehensive than economics because it studies both peace and war and their relations. The market cannot be the sole concern of the polity, for the market depends on the polity, and the establishment and preservation of the polity continuously requires reasonings and deeds which are “uneconomic” or “inefficient.” Political action must have primacy over economic action, no matter what the effect on the market. … Economics deals only with the bourgeois. … The warlike man is not within its ken. Political science remains the only social science discipline which looks war in the face."
Political science

January 1, 1970

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Original Language: English