he year 1860,
he said: "_And that was a year of as large production and as much
general prosperity as any, perhaps, in our history_."[2] If the year
immediately preceding the enactment of the Morrill tariff was a year of
as large production and as much general prosperity as any in our
history, of what use has the Morrill tariff been? We have seen that it
was not demanded by any public agitation. We now see that it has been of
no public utility.
[Footnote 2: Congressional Globe, Second Session Thirty-ninth Congress,
p. 724.]
In combating, by arguments and illustrations adapted to the
comprehension of the mass of mankind, the errors and sophisms with which
protectionists deceive themselves and others, M. Bastiat is the most
lucid and pointed of all writers on economical science with whose works
I have any acquaintance. It is not necessary to accord to him a place
among the architects of the science of political economy, although some
of his admirers rank him among the highest.[3] It is enough to count
him among the greatest of its expounders and demonstrators. His death,
which occurred at Pisa, Italy, on the 24th December, 1850, at the age of
49, was a serious loss to France and to the world. His works, though for
the most part fragmentary, and given to the public from time to time
through the columns of the _Journal des Economistes_, the _Journal des
Debats_, and the _Libre Echange_, remain a monument of a noble intellect
guided by a noble soul. They have been collected and published
(including the _Harmonies Economiques_, which the author left in
manuscript) by Guillaumin & Co., the proprietors of the _Journal des
Economistes_, in two editions of six volumes each, 8vo. and 12mo. When
we reflect that these six volumes were produced between April, 1844, and
December, 1850, by a young man of feeble constitution, who commenced
life as a clerk in a mercantile establishment, and who spent much of his
time during these six years in delivering public lectures, and laboring
in the National Assembly, to which he was chosen in 1848, our admiration
for such industry is only modified by the thought that if he had been
more saving of his strength, he might have rendered even greater
services to his country and to mankind.
[Footnote 3: Mr. Macleod (_Dictionary of Political Economy_, vol. I, p.
246) speaks of Bastiat's definition of Value as "the greatest revolution
that has been effected in any science since the days of Galileo.
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