Page:Popular Science Monthly Volume 3.djvu/396

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THE POPULAR SCIENCE MONTHLY.

that this part can be attributed to Mill. In this respect he is to be strongly contrasted with the great majority of writers on political economy, who, on the strength, perhaps, of a verbal correction, or an unimportant qualification, of a received doctrine, if not on the score of a pure fallacy, would fain persuade us that they have achieved a revolution in economic doctrine, and that the entire science must be rebuilt from its foundation in conformity with their scheme. This sort of thing has done infinite mischief to the progress of economic science; and one of Mill's great merits is that both by example and by precept he steadily discountenanced it. His anxiety to affiliate his own speculations to those of his predecessors is a marked feature in all his philosophical works, and illustrates at once the modesty and comprehensiveness of his mind.

On some points, however, and these points of supreme importance, the contributions of Mill to economic science are very much more than developments—even though we understand that term in its largest sense—of any previous writer. No one can have studied political economy in the works of its earlier cultivators without being struck with the dreariness of the outlook which, in the main, it discloses for the human race. It seems to have been Ricardo's deliberate opinion that a substantial improvement in the condition of the mass of mankind was impossible. He considered it as the normal state of things that wages should be at the minimum requisite to support the laborer in physical health and strength, and to enable him to bring up a family large enough to supply the wants of the labor-market. A temporary improvement, indeed, as the consequence of expanding commerce and growing capital, he saw that there might be; but he held that the force of the principle of population was always powerful enough so to augment the supply of labor as to bring wages ever again down to the minimum point. So completely had this belief become a fixed idea in Ricardo's mind, that he confidently drew from it the consequence that in no case could taxation fall on the laborer, since—living, as a normal state of things, on the lowest possible stipend adequate to maintain him and his family—he would inevitably, he argued, transfer the burden to his employer, and a tax, nominally on wages, would, in the result, become invariably a tax upon profits. On this point Mill's doctrine leads to conclusions directly opposed to Ricardo's, and to those of most preceding economists. And it will illustrate his position, as a thinker, in relation to them, if we note how this result was obtained. Mill neither denied the premises nor disputed the logic of Ricardo's argument: he accepted both; and in particular he recognized fully the force of the principle of population; but he took account of a further premiss which Ricardo had overlooked, and which, duly weighed, led to a reversal of Ricardo's conclusion. The minimum of wages, even such as it exists in the case of the worst-paid laborer, is not the very least sum that human nature can subsist upon; it is