large/11381/principles_political_economy_1812_librivox_64kb_mp3/principlesofpoliticaleconomy_03_mill_64kb_27
large/11381/principles_political_economy_1812_librivox_64kb_mp3/principlesofpoliticaleconomy_03_mill_64kb
English
11381
Mill's great merit was that he began the movement to better adapt political economy to society as it actually existed; and the historical school will probably give a most desirable impetus to the same results, even though its exaggerated claims as to the true method(88) can not possibly be admitted. MILL'S GREAT MERIT WAS THAT HE BEGAN THE MOVEMENT TO BETTER ADAPT POLITICAL ECONOMY TO SOCIETY AS IT ACTUALLY EXISTED AND THE HISTORICAL SCHOOL WILL PROBABLY GIVE A MOST DESIRABLE IMPETUS TO THE SAME RESULT EVEN THOUGH ITS EXAGGERATED CLAIMS AS TO THE TRUE METHOD CANNOT POSSIBLY BE ADMITTED
d a class of writers has arisen, not only advocating the inductive method, but strongly imbued with a belief in a close connection of the state with industry; and, inasmuch as the essence of modern socialism is a resort to state-help, this body of men, with Wagner at their head, has received the name of “Socialists(85) of the Chair,” and now wield a wide influence in Germany. Of these writers,(86) Wagner, Engel, Schmoller, Von Scheel, Brentano, Held, Schönberg, and Schäffle are the most prominent. The historical school has received the adhesion of Émile de Laveleye,(87) in Belgium, and other economists in England and the United States. While Cliffe Leslie has been the most vigorous opponent of the methods of the old school, there have been many others of less distinction. Indeed, the period, the close of which is marked by J. R. McCulloch’s book, was one in which the old school had seemingly come to an end of its progress, from too close an adhesion to deductions from assumed premises.  FAMILIAR WITH THE INTERFACE OF THE STATE AND A CLASS OF WRITERS HAS ARISEN NOT ONLY ADVOCATING THE INDUCTIVE METHOD BUT STRONGLY IMBUED WITH A BELIEF IN A CLOSE CONNECTION OF THE STATE WITH INDUSTRY AND INASMUCH AS THE ESSENCE OF MODERN SOCIALISM IS RESORT TO STATE HELP THIS BODY OF MEN WITH WAGNER AT THEIR HEAD HAS RECEIVED THE NAME OF SOCIALISTS OF THE CHAIR AND NOW WIELD A WIDE INFLUENCE IN GERMANY OF THESE WRITERS WAGNER ANGEL SCHMULLER VAN SCHIL BRETANO HELD SCHOENBERG AND SHAFFEL ARE THE MOST PROMINENT THE HISTORICAL SCHOOL HAS RECEIVED THE ADHESION OF EMILI DE LA VALLIER IN BELGIUM AND OTHER ECONOMISTS IN ENGLAND AND THE UNITED STATES WHILE CLIFF LESLIE HAS BEEN THE MOST VIGOROUS OPPONENT OF THE METHODS OF THE OLD SCHOOL THERE HAVE BEEN MANY OTHERS OF LESS DISTINCTION INDEED THE PERIOD THE CLOSE OF WHICH WAS MARKED BY J R MC CULLOCK'S BOOK WAS ONE IN WHICH THE OLD SCHOOL HAD SEEMINGLY COME TO AN END OF ITS PROGRESS FROM TOO CLOSE AN ADHESION TO DEDUCTIONS FROM ASSUMED PREMISSES
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