Economists From France

"But, is it possible for princes and ministers to be enlightened, when private individuals are not so?"

"The haggardness of poverty is everywhere seen contrasted with the sleekness of wealth, the exhorted labour of some compensating for the idleness of others, wretched hovels by the side of stately colonnades, the rags of indigence blended with the ensigns of opulence; in a word, the most useless profusion in the midst of the most urgent wants."

"How many other opinions, as universally prevailing and as much respected, will in like manner pass away?"

"It is, perhaps, a well founded objection to Mr. Ricardo, that he sometimes reasons upon abstract principles to which he gives too great a generalization."

"La soumission aux données de l'expérience est la règle d'or qui domine toute discipline scientifique."

"A theory is only as good as its assumptions. If the premises are false, the theory has no real scientific value. The only scientific criterion for judging the validity of a scientific theory is a confrontation with the data of experience."

"Anyone who dares to speak about an aether is regarded as an ignorant and backward mind and he can only lose his credibility in scientific circles, although in reality those who criticize him use the same concept of intermediate medium in other words, whether it be fields, an associated fluid, a probability fluid, a pilot fluid, a quantum fluid, etc."

"Any author who uses mathematics should always express in ordinary language the meaning of the assumptions he admits, as well as the significance of the results obtained. The more abstract his theory, the more imperative this obligation. In fact, mathematics are and can only be a tool to explore reality. In this exploration, mathematics do not constitute an end in itself, they are and can only be a means."

"In fact, without any exaggeration, the current mechanism of money creation through credit is certainly the "cancer" that's irretrievably eroding market economies of private property."

"Too many theorists have a tendency to ignore facts that contradict their convictions."

"If the land was divided among all the inhabitants of a country, so that each of them possessed precisely the quantity necessary for his support, and nothing more; it is evident that all of them being equal, no one would work for another. Neither would any of them possess wherewith to pay another for his labour, for each person having only such a quantity of land as was necessary to produce a subsistence, would consume all he should gather, and would not have any thing to give in exchange for the labour of others."

"Turgot's attempt... showed how the results that had followed Law's issues of paper money must follow all such issues. As regards currency inflation, Turgot saw that the issue of paper money beyond the point where it is convertible into coin is the beginning of disaster — that a standard of value must have value, just as a standard of length must have length, or a standard of capacity, capacity, or a standard of weight, weight. He showed that if a larger amount of the circulating medium is issued than is called for by the business of the country, it will begin to be discredited, and that paper, if its issue be not controlled by its relation to some real standard of value, inevitably depreciates no matter what stamp it bears. Turgot developed his argument with a depth, strength, clearness, and breadth, which have amazed every dispassionate reader from that day to this. It still remains one of the best presentations of this subject ever made; and what adds to our wonder is that it was not the result of a study of authorities, but was worked out wholly from his own observation and thought. Up to this time there were no authorities and no received doctrine on the subject; there were simply records of financial practice more or less vicious; it was reserved for this young student, in a letter not intended for publication, to lay down for the first time the great law in which the modern world, after all its puzzling and costly experiences, has found safety."

"He now, in 1749, at the age of twenty two, wrote... a letter which has been an object of wonder among political thinkers ever since. Its subject was paper money. Discussing the ideas of John Law, and especially the essay of Terrasson which had supported them, he dissected them mercilessly, but in a way useful not only in those times but in these."

"His first important literary and scholastic effort was a treatise On the Existence of God. Few fragments of it remain, but we are helped to understand him when we learn that he asserted, and to the end of his life maintained, his belief in an Almighty Creator and Upholder of the Universe. It did, indeed, at a later period suit the purposes of his enemies, exasperated by his tolerant spirit and his reforming plans, to proclaim him an atheist; but that sort of charge has been the commonest of missiles against troublesome thinkers in all times."

"The French philosophy of the eighteenth century was in full strength. Those were the years in which Voltaire ruled European opinion, and Turgot could not but take account of his influence. Yet no one could apparently be more unlike those who were especially named as the French philosophers of the eighteenth century. He remained reverential; he was never blasphemous, never blatant; he was careful to avoid giving needless pain or arousing fruitless discussion; and, while the tendency of his whole thinking was evidently removing him from the orthodoxy of the Church, his was a broader and deeper philosophy than that which was then dominant."

"The greatness of Turgot now began to appear: while he performed all the duties of the seminary and studied thoroughly what was required, he gave himself to a wide range of other studies, and chiefly in two very different directions — to thought and work upon those problems in religion which transcend all theologies, and upon those problems in politics which are of vast importance in all countries, and which especially needed discussion in his own."

"TURGOT ... I present today one of the three greatest statesmen who fought unreason in France between the close of the Middle Ages and the outbreak of the French Revolution —Louis XI and Richelieu being the two other. And not only this: were you to count the greatest men of the modern world upon your fingers, he would be of the number —a great thinker, writer, administrator, philanthropist, statesman, and above all, a great character and a great man. And yet, judged by ordinary standards, a failure. For he was thrown out of his culminating position, as Comptroller-General of France, after serving but twenty months, and then lived only long enough to see every leading measure to which he had devoted his life deliberately and malignantly undone; the flagrant abuses which he had abolished restored, apparently forever; the highways to national prosperity, peace, and influence, which he had opened, destroyed; and his country put under full headway toward the greatest catastrophe the modern world has seen."

"Turgot could not save France from her Revolution, but he gave her, and all countries, practical, working theories on government, on the liberty of the press, on the best means of helping the poor, on the use of riches, on civil, political, and religious liberty, which are still invaluable. … He has been justly said to have founded modern political economy ; to have bequeathed to future generations ' the idea of the freedom of industry;' and to have made ready the way for the reforms which are the glory of our own day. Among Voltaire's fellow-workers there are far more dazzling personalities. But from their fiery words, exalted visions, and too glorious hopes one turns with a certain sense of relief to this quiet, strong, practical man, and understands why the people, whose instinct in judging the character of their rulers seldom betrays them in the long run, specially acclaimed Turgot as a friend."

"In his home-life Turgot remained most frugal and laborious, treating his servants with a benevolence then accounted contemptible, and working out his quiet schemes with an infinite patience and thoroughness. When he was offered the richer Intendancy of Lyons, he would not take it. Here, as he said of himself, though he was 'the compulsory instrument of great evil,' he was doing a little good. Only a little, it might be. But if every man did the little he could — what a different world!"

"It was nothing to him that his own caste shot out the lip and scorned him. Cold and awkward in manner, regular and austere in habit, and as pure as a good woman, of course they hated him. But it was much to him that the clergy who ruled the people were also his foes, that that very people themselves were so dull and hopeless, that they too suspected his motives and concluded that because for them every change had always been for the worse, every change always would be. Slowly, gradually, he gained the favour of the priest and the love of the flock. He could not turn their hell into heaven: he could not make earth at all what Condorcet, uplifted in noble vision, would dream it yet might be. But he could do something."

"Turgot was never dazzled; it was his greatness, if it was also his misfortune, to see men and the world exactly as they are."

"All men now allow that if any human power could have stemmed the avalanche of the French Revolution, it would have been the reforms of Turgot."

"Turgot was something more even than the best man of his party. He was the best worker. While Voltaire clamoured and wept for humanity, while d'Alembert thought, Grimm wrote, Diderot talked, and Condorcet dreamed and died, Turgot laboured. Broad and bold in aim, he was yet content to do what he could. … To do one's best here and now, with the wretched tools one has to hand, in the teeth of indolence, obstinacy, and the spirit of routine, to compromise where one cannot overcome, and instead of sitting picturing some golden future, to do at once the little one can — that was this statesman's policy."

"Not only there does not exist, nor can exist, any other revenue than the clear produce of land, but it is the earth also that has furnished all capitals, that form the mass of all the advances of culture and commerce. It has produced, without culture, the first gross and indispensible advances of the first labourers; all the rest are the accumulated fruits of the œconomy of successive ages, since they have begun to cultivate the earth. This œconomy has effect not only on the revenues of proprietors, but also on the profits of all the members of laborious classes. It is even generally true, that, though the proprietors have more overplus, they spare less; for, having more treasure, they have more desires, and more passions; they think themselves better ensured of their fortune; and are more desirous of enjoying it contentedly, than to augment it; luxury is their pursuit. The stipendiary class, and he chiefly the undertakers of the other classes, receiving profits proportionate to their advances, talents, and activity, have, though they are not possessed of a revenue properly so called, a superfluity beyond their subsistence; but, absorbed as they generally are, only in their enterprizes, and anxious to increase their fortune; restrained by their labour from amusements and expensive passions; they save their whole superfluity, to re-convert it in other enterprizes, and augment it."

"Gold and silver are constituted, by the nature of things, money, and universal money, independent of all convention, and of all laws."

"All money is essentially merchandize."

"All is more or less proper to serve as a common measure, in proportion as it is more or less in general use, of a more similar quality, and more easy to be divided into aliquot parts. All is more or less applicable for the purpose of a general pledge of exchange, in proportion as it is less susceptible of decay or alteration in quantity or quality."

"All merchandize has the two essential properties of money, to measure and to represent all value: and in this sense all merchandize is money."

"The productions of the earth require long and difficult preparations, before they are rendered fit to supply the wants of men. The productions which the earth supplies to satisfy the different wants of man, will not, for the most part, administer to those wants, in the state nature affords them; it is necessary they should undergo different operations, and be prepared by art. Wheat must be converted into flour, then into bread; hides must be dressed or tanned; wool and cotton must be spun; silk must be taken from the cod; hemp and flax must be soaked, peeled, spun, and wove into different textures; then cut and sewed together again to make garments, &c. If the same man who cultivates on his own land these different articles, and who raises them to supply his wants, was obliged to perform all the intermediate operations himself, it is certain he would succeed very badly."

"Every soil does not produce every material."

"The earth has been cultivated before it has been divided; the cultivation itself having been the only motive for a division, and for that law which secures to every one his property. For the first persons who have employed themselves in cultivation, have probably worked as much land as their strength would permit, and, consequently, more than was necessary for their own nourishment."

"The fate of America is already decided — Behold her independent beyond recovery. — But will She be free and happy? — Can this new people, so advantageously placed for giving an example to the world of a constitution under which man may enjoy his rights, freely exercise all his faculties, and be governed only by nature, reason and justice — Can they form such a Constitution? — Can they establish it upon a never failing foundation, and guard against every source of division and corruption which may gradually undermine and destroy it? … It is impossible not to wish ardently that this people may attain to all the prosperity of which they are capable. They are the hope of the world. They may become a model to it. They may prove by fact that men can be free and yet tranquil; and that it is in their power to rescue themselves from the chains in which tyrants and knaves of all descriptions have presumed to bind them under the pretence of the public good. They may exhibit an example of political liberty, of religious liberty, of commercial liberty, and of industry. The Asylum they open to the oppressed of all nations should console the earth. The case with which the injured may escape from oppressive governments, will compel Princes to become just and cautious; and the rest of the world will gradually open their eyes upon the empty illusions with which they have been hitherto cheated by politicians. But for this purpose America must preserve herself from these illusions; and take care to avoid being what your ministerial writers are frequently saying She will be — an image of our Europe — a mass of divided powers contending for territory and commerce, and continually cementing the slavery of the people with their own blood."

"Eripuit Coelo fulmen, mox Sceptra Tyrannis."

"To understand a science it is necessary to know its history."

"Kierkegaard was interested in the development of the existent, individual, concrete human personality. Its chief Kierkegaardian stages are the esthetic, the moral, and the religious, and they form a striking contrast to Comte’s trio: the theological, the metaphysical, and the scientific. For one thing Kierkegaard’s highest stage of human existence is the religious, while Comte’s is the scientific; for another, the Kierkegaardian personality’s journey through its stages is absolutely free."

"The only true and scientific method according to Comte is therefore the inductive method and science is only such as is based on experiment. Secondly, the aim and apex of science is the new science of the imaginary organism of humanity or of the super-organic being-humanity: this new imaginary science being sociology. From this view of science in general it appeared that all former knowledge was false, and the whole history of humanity's knowledge of itself fell into three, or really two, periods: # The theological and metaphysical periods, lasting from the commencement of the world until Comte # and the present period of true science — positivism — which began with Comte. This was all very nice; there was only one error, namely, that the whole edifice was built on the sand — on the arbitrary assertion that humanity is an organism. That assertion was arbitrary because we have no more right to acknowledge the existence of an organism of humanity not subject to observation than we have to acknowledge the existence of a triune God and similar theological propositions. That assertion was fallacious because to the conception of humanity, that is, of men, the definition of an organism was incorrectly affixed despite the fact that humanity lacks the essential sign of an organism, namely a centre of sensation and consciousness. We only call an elephant or a bacterium an 'organism' because, by analogy we attribute to those beings a similar unification of sensation and of consciousness to that we are conscious of in ourselves; but in human societies and in humanity this essential indication is lacking, and therefore, however many other indications we may detect that are common to humanity and to an organism, in the absence of that essential indication, the acknowledgement of humanity as an organism is incorrect. But despite the arbitrariness and incorrectness of its fundamental basis the positive philosophy was accepted most cordially by the so-called educated world, so important for that world was the justification this philosophy afforded to the existing order of things by regarding the present rule of violence among men as Just. What is remarkable in this connexion is that of Comte's works which consist of two parts — the positive philosophy and the positive politics — the learned world only accepted the first: the part which, on the new experimental basis, offered a justification for the existing evil of human societies; but the second part, dealing with the moral obligations of altruism resulting from acknowledging humanity as an organism, was considered not merely unimportant but even insignificant and unscientific."

"The philosopher Comte has made the statement that chemistry is a non-mathematical science. He also told us that astronomy had reached a stage when further progress was impossible. These remarks, coming after Dalton's atomic theory, and just before Guldberg and Waage were to lay the foundations of chemical dynamics, Kirchhoff to discover the reversal of lines in the solar spectrum, serve but to emphasize the folly of having "recourse to farfetched and abstracted Ratiocination," and should teach us to be "very far from the litigious humour of loving to wrangle about words or terms or notions as empty"."

"Of M. Comte I have only read a few absurd passages."

"M. Comte, in particular, whose social system, as unfolded in his Systeme de Politique Positive, aims at establishing (though by moral more than by legal appliances) a despotism of society over the individual, surpassing anything contemplated in the political ideal of the most rigid disciplinarian among the ancient philosophers."

"Comte began, like Hume, with the rejection of religion, but subsequently relapsed into fetichism."

"Catholicism minus Christianity."

"The mathematical thermology created by Fourier may tempt us to hope that, as he has estimated the temperature of the space in which we move, me may in time ascertain the mean temperature of the heavenly bodies: but I regard this order of facts as for ever excluded from our recognition. We can never learn their internal constitution, nor, in regard to some of them, how heat is absorbed by their atmosphere. We may therefore define Astronomy as the science by which we discover the laws of the geometrical and mechanical phenomena presented by the heavenly bodies."

"After Montesquieu, the next great addition to Sociology (which is the term I may be allowed to invent to designate Social Physics) was made by Condorcet, proceeding on the views suggested by his illustrious friend Turgot."

"In the final, positive state, the mind has given over the vain search after Abolute notions, the origin and destination of the universe, and the cause of phenomenon, and applies itself to the tudy of their laws, - that is, their invariable relations of succession and resemblance. Reasoning and observation, duly combined, are the means of this knowledge. What is now understood when we speak of an explanation of the facts is simply the establishment of a connection between single phenomena and some general facts, the number of which continually diminishes with the progress of science."

"Notwithstanding the eminent difficulties of the mathematical theory of sonorous vibrations, we owe to it such progress as has yet been made in acoustics. The formation of the differential equations proper to the phenomena is, independent of their integration, a very important acquisition, on account of the approximations which mathematical analysis allows between questions, otherwise heterogeneous, which lead to similar equations. This fundamental property, whose value we have so often to recognize, applies remarkably in the present case; and especially since the creation of mathematical thermology, whose principal equations are strongly analogous to those of vibratory motion. This means of investigation is all the more valuable on account of the difficulties in the way of direct inquiry into the phenomena of sound. We may decide the necessity of the atmospheric medium for the transmission of sonorous vibrations; and we may conceive of the possibility of determining by experiment the duration of the propagation, in the air, and then through other media; but the general laws of the vibrations of sonorous bodies escape immediate observation. We should know almost nothing of the whole case if the mathematical theory did not come in to connect the different phenomena of sound, enabling us to substitute for direct observation an equivalent examination of more favorable cases subjected to the same law. For instance, when the analysis of the problem of vibrating chords has shown us that, other things being equal, the number of oscillations is hi inverse proportion to the length of the chord, we see that the most rapid vibrations of a very short chord may be counted, since the law enables us to direct our attention to very slow vibrations. The same substitution is at our command in many cases in which it is less direct."

"Language forms a kind of wealth, which all can make use of at once without causing any diminution of the store, and which thus admits a complete community of enjoyment; for all, freely participating in the general treasure, unconsciously aid in its preservation."

"Every attempt to refer chemical questions to mathematical doctrines must be considered, now and always, profoundly irrational, as being contrary to the nature of the phenomena. . . . but if the employment of mathematical analysis should ever become so preponderant in chemistry (an aberration which is happily almost impossible) it would occasion vast and rapid retrogradation...."

"Mathematical Analysis is... the true rational basis of the whole system of our positive knowledge."

"A common monetary standard will be established, with the consent of the various governments, by which industrial transactions will be greatly facilitated. Three spheres made respectively of gold, silver, and platinum, and each weighing fifty grammes, would differ sufficiently in value for the purpose. The sphere should have a small flattened base, and on the great circle parallel to it the Positivist motto would be inscribed. At the pole would be the image of the immortal Charlemagne, the founder of the Western Republic, and round the image his name would be engraved, in its Latin form, Carolus; that name, respected as it is by all nations of Europe alike, would be the common appellation of the universal monetary standard."

"All classes, therefore, must be brought under women’s influence; for all require to be reminded constantly of the great truth that Reason and Activity are subordinate to Feeling. Of their influence upon philosophers I have spoken. If they are men worthy of their mission, they will be conscious of the tendency which their life has to harden them and lead them into useless speculation; and they will feel the need of renewing the ardour of their social sympathy at its native source. Feeling, when it is pure and deep, corrects its own errors, because they clash with the good to which it is ever tending. But erroneous use of the intellectual or practical faculties, cannot be even recognized, much less corrected, without the aid of Affection, which is the only part of our nature that suffers directly from such errors. Therefore whenever either the philosopher or the people deviate from duty, it will be the part of women to remonstrate with them gently, and recall them to the true social principles which are entrusted to their special charge."