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SCI LIBRARY

The Physiocrats

Henry Higgs



[Appendix]


NOTE A


Louis XV., who himself chose Quesnay's arms and gave him three pansies (pensees) with the motto propter cogitationem mentis, was accustomed to refer familiarly to him as mon penseur. But, to say nothing of the dates, these facts do not justify us in assuming that the roi faineant took any interest in Quesnay's economic studies. The phrase mon penseur appears to the present writer to be a mere royal pun upon his pensive physician. The French verb panser to give medical (and especially surgical) assistance, lent itself to a play upon penser. On one occasion the king turned to a young seigneur who had returned from England with an affectation of British phlegm, and playfully asked, "Eh bien! qiiest-ce que vous avez appris en Angle terre?" "Sire" was the pompous reply, "fy ai appris a penser." "Des chevaux sans doute? added the king a parallel jest. This form of wit was very common at the Court of Louis XV. A blood-letting barber was styled le seigneur (saigneur) barbier.

NOTE B


The Reponse aux Docteurs modernes, ou apologie pour r Auteur de la Theorie des Loix, et des Lettres sur cette Thcorie. Avec la refutation du systeme des Philosophes economistes. Par Simon-Nicolas-Henri Linguet. MDCCLXXI, i2mo, vol. i. 300 pp., vol. ii. 259 pp., is so rare that some further reference to it may be found useful. A copy of the book will be found in the Bibliothcque Nationale at Paris, press mark R. 21096-7.

Linguet takes for his motto an extract from the Ephemerides of his adversaries, 1769, vol. Hi., Avertissement, p. 16 : "II faut faire la guerre aux foux meme quand ils deviennent furieux, et la leur faire bonne et vive, jusqu'a ce qu'on les ait mis dans 1'impuissance de nuire."

He says: "Les economistes, c'est-a-dire des abbes, des gentilhommes, des horlogers [a hit at Du Pont, the son of a watchmaker], des juges de provinces etc. sont venus apprendre tout d'un coup aux meuniers qu'ils ne savoient pas meudre [a reference to the moulins economiques], au peuple qu'il avoit trop d'appetit, aux bourgeois qu'ils laissoient trop de gruau dans leur son; et Ton a battu des mains.

"De leur boulangerie, ils ont passe a la jurisprudence et aux loix. D'une main toute blanche encore de leur pate et de leur mouture, ils se sont avises de vouloir repaitrir notre legislature; de derriere des meules bien ou mal repiquees, on a etc fort surpris de voir sortir des Solons enfarines, qui ont pretendu reformer toute la machine politique; et Ton a encore battu des mains" (p. 9). As for himself, who has studied jurisprudence, he will expose this imperious sect which has spoken so much of destroying prejudices, and has created so many. The encyclopaedic yeast of thirty years ago stirred the nation with a certain Anglican effervescence. When the great dictionary appeared began the epoch of fanaticism. And when the Government suppressed the Encyclopedic, then the buzzing insect since called Economics took its place, but, unlike the caterpillar turned butterfly, it was a butterfly turned caterpillar, losing its metaphysic wings and grovelling on the earth, crawling on the bread it gnaws (p. 13). Better old errors which left us alive, than new ones like these which are murderous (p. 14). The Physiocrats are a dangerous sect, powerful, popular, and much read, unlike himself who has not had the precaution to form a sect or dress up his writings with an ecstatic and philosophic varnish. In vain does Du Pont protest they are not a sect. Linguet says: Not a sect? Evidence shows it: your mysterious words, physiocratie, produit net; your mystic jargon, ordre, science, le maitre your titles of honour showered on your patriarchs; your wreaths scattered through the provinces on obscure if excellent persons the "celebrated" Le Trosne, the "admirable" Saint-Peravy, the "excellent" Treilhard, etc. (p. 120). Not a sect? You have a rallying cry, banners, a march, a trumpeter [Du Pont], a uniform for your books, and a sign like freemasons (p. 121). Not a sect? One cannot touch one of you but all rush to his aid. You all laud and glorify each other, and attack and intimidate your opponents in un- measured terms. You affect an inspired tone and seriously discuss on what particular day the symbol of your faith, the masterpiece, the Tableau Oeconomique was born, a symbol so mysterious that huge volumes cannot explain it. It is like the Koran of Mohamet. You burn to lay down your lives for your principles, and talk of your apostleship (p. 1 2 5). You attack Galiani and me because we have no reverence for that ridiculous hieroglyphic which is your holy Gospel. Confucius drew up a table, the Y-Kin^ of sixty-four terms, also connected by lines, to show the evolution of the elements, and your Tableau Oeconomique is justly enough compared to it, but it comes three hundred years too late.

Both alike are equally unintelligible. The Tableau is an insult to common sense, to reason, and philosophy, with its columns of figures of reproduction nette terminating always in a zero, striking symbol of the fruit of the researches of any one simple enough to try in vain to understand it.

The Physiocrats are the anabaptists of philosophy, who propose to kill men to make them happy. Starvation is their best protection. Everything comes from the land. Therefore, the political ideal is the cultivation of corn. But to farm with the greatest advantage requires large capitals. Therefore favour opulence. Opulence will result from high prices, which will come from rarity. Therefore export corn, and thus starve the people.

Linguet prints side by side the Tableau Oeconomique and the Y-King. It is hardly necessary to point out that he fails to understand the economic doctrines he satirises.

Dr. Bauer has quoted some of Linguet's invectives from the Annales Politiques, 1778, in his article on Quesnay's Tableau Oeconomique, Economic Journal, vol. v. p. 19, March 1895.

NOTE C


Since these lectures were delivered, "Adam Smith's Lectures on Justice, Police, Revenue, and Arms, delivered in the University of Glasgow by Adam Smith, reported by a student in 1763, and edited with an introduction and notes by Edwin Cannan, Oxford, 1896," have been published by the Clarendon Press. The editor thinks these lectures "dispose finally of the Turgot myth " (that Adam Smith was indebted to Turgot's Reflexions), and that they enable us "to distinguish positively between what the original genius of its author created out of British materials on the one hand, and French materials on the other." Mr. Cannan says: "It is plain that Smith acquired the idea of the necessity of a scheme of distribution from the Physiocrats, and that he tacked his own scheme (very different from theirs) on to his already existing theory of prices" (p. xxxi.).

The present writer has briefly discussed the bearing of this volume upon the relations between Adam Smith and the Physiocrats in the Economic Journal, December 1896.


Preface
Chapter 1
Chapter 2
Chapter 3
Chapter 4
Chapter 5
Chapter 6
Appendix