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There appears to be some hitch; I think; in the working even
of Mr。 Ricardo's principles; but let him take his own example。
〃Suppose that in the early stages of society the bows and arrows
of the hunter were of equal value with the implements of the
fisherman。 Under such circumstances the value of the deer; the
produce of the hunter's day's labour; would be exactly equal to
the value of the fish; the product of the fisherman's day's
labour; The comparative value of the fish and game would be
entirely regulated by the quantity of labour realized in each。〃
(Ricardo; chap。 iii。 On Value)。
Indeed! Therefore; if the fisherman catches one sprat。 and
the huntsman one deer; one sprat will be equal in value to one
deer but if the fisherman catches no sprat; and the huntsman two
deer; no sprat will be equal in value to two deer?
Nay but Mr Ricardo's supporters may say he means; on an
average; …if the average product of a day's work of fisher and
hunter be one fish and one deer; the one fish will always be
equal in value to the one deer。
Might I inquire the species of fish? Whale? or
white…bait?(20*)
It would be waste of time to purpose these fallacies farther;
we will seek for a true definition。
Much store has been set for centuries upon the use of our
English classical education。 It were to be wished that our
well…educated merchants recalled to mind always this much of
their latin schooling; that the nominative of valorem (a word
already sufficiently familiar to them) is valor; a word which;
therefore; ought to be familiar to them。 Valor; from valere; to
be well or strong; strong; life (if a man); or valiant;
strong; for life (if a thing); or valuable。 To be 〃valuable;〃
therefore; is to 〃avail towards life。〃 A truly valuable or
availing thing is that which leads to life with its whole
strength。 In proportion as it does not lead to life; or as its
strength is broken; it is less valuable; in proportion as it
leads away from life; it is unvaluable or malignant。
The value of a thing; therefore; is independent of opinion;
and of quantity。 Think what you will of it; gain how much you may
of it; the value of the thing itself is neither greater nor less。
For ever it avails; or avails not; no estimate can raise; no
disdain repress; the power which it holds from the Maker of
things and of men。
The real science of political economy; which has yet to be
distinguished from the bastard science; as medicine from
witchcraft; and astronomy from astrology; is that which teaches
nations to desire and labour for the things that lead to life:
and which teaches them to scorn and destroy the things that lead
to destruction。 And if; in a state of infancy; they supposed
indifferent things; such as excrescences of shell…fish; and
pieces of blue and red stone; to be valuable; and spent large
measures of the labour which ought to be employed for the
extension and ennobling of life; in diving or digging for them;
and cutting them into various shapes;or if; in the same state of
infancy; they imagine precious and beneficent things; such as
air; light; and cleanliness; to be valueless;…or if; finally;
they imagine the conditions of their own existence; by which
alone they can truly possess or use anything; such; for instance;
as peace; trust; and love; to be prudently exchangeable; when the
markets offer; for gold; iron; or excresrences of shells the
great and only science of Political Economy teaches them; in all
these cases; what is vanity; and what substance; and how the
service of Death; the lord of Waste; and of eternal emptiness;
differs from the service of Wisdom; the lady of Saving; and of
eternal fulness; she who has said; 〃I will cause those that love
me to inherit SUBSTANCE; and I will FILL their treasures。〃
The 〃Lady of Saving;〃 in a profounder sense than that of the
savings bank; though that is a good one: Madonna della Salute;
Lady of Health; which; though commonly spoken of as if
separate from wealth; is indeed a part of wealth。 This word;
〃wealth;〃 it will be remembered; is the next we have to define。
〃To be wealthy〃 says Mr Mill; 〃is to have a large stock of
useful articles。〃 I accept this definition。 Only let us perfectly
understand it。 My opponents often lament my not giving them
enough logic: I fear I must at present use a little more than
they will like: but this business of Political Economy is no
light one; and we must allow no loose terms in it。
We have; therefore; to ascertain in the above definition;
first; what is the meaning of 〃having;〃 or the nature of
Possession。 Then what is the meaning of 〃useful;〃 or the nature
of Utility。
And first of possession。 At the crossing of the transepts of
Milan Cathedral has lain; for three hundred years; the embalmed
body of St。 Carlo Borromeo。 It holds a golden crosier; and has a
cross of emeralds on its breast。 Admitting the crosier and
emeralds to be useful articles; is the body to be considered as
〃having〃 them? Do they; in the politico…economical sense of
property; belong to it? If not; and if we may; therefore;
conclude generally that a dead body cannot possess property; what
degree and period of animation in the body will render possession
possible?
As thus: lately in a wreck of a Californian ship; one of the
passengers fastened a belt about him with two hundred pounds of
gold in it; with which he was found afterwards at the bottom。
Now; as he was sinking had he the gold? or had the gold
him?(21*)
And if; instead of sinking him in the sea by its weight; the
gold had struck him on the forehead; and thereby caused incurable
disease suppose palsy or insanity; would the gold in that
case have been more a 〃possession〃 than in the first? Without
pressing the inquiry up through instances of gradually increasing
vital power over the gold (which I will; however; give; if they
are asked for); I presume the reader will see that possession; or
〃having;〃 is not an absolute; but a gradated; power; and consists
not only in the quantity or nature of the thing possessed; but
also (and in a greater degree) in its suitableness to the person
possessing it and in his vital power to use it。
And our definition of Wealth; expanded; becomes: 〃The
possession of useful articles; which we can use。〃 This is a very
serious change。 For wealth; instead of depending merely on a
〃have;〃 is thus seen to depend on a 〃can。〃 Gladiator's death; on
a 〃habet〃; but soldier's victory; and State's salvation; on a
〃quo plurimum posset。〃 (liv。 VII。 6。) And what we reasoned of
only as accumulation of material; is seen to demand also
accumulation of capacity。
So much for our verb。 Next for our adjective。 What is the
meaning of 〃useful〃?
The inquiry is closely connected with the last。 For what is
capable of use in the hands of some persons; is capable; in the
hands of others; of the opposite of use; called commonly
〃from…use;〃 or 〃ab…use。〃 And it depends on the person; much more
than on the article; whether its usefulness or ab…usefulness will
be the quality developed in it。 Thus; wine; which the Greeks; in
their Bacchus; made rightly the type of all passion; and which;
when used; 〃cheereth god and man〃 (that is to say; strengthens
both the divine life; or reasoning power; and the earthy; or
carnal power; of man); yet; when abused; becomes 〃Dionysos;〃
hurtful especially to the divine part of man; or reason。 And
a