As an illustration of the truth of his view, he would point to the new
science of Political Economy. Here already was a large area of human
activity in which natural laws were found to act unerringly. Men had
gone on for centuries trying to regulate trade on moral principles. They
would fix wages according to some imaginary rule of fairness; they would
fix prices by what they considered things ought to cost; they encouraged
one trade or discouraged another, for moral reasons. They might as well
have tried to work a steam-engine on moral reasons. The great statesmen
whose names were connected with these enterprises might have as well
legislated that water should run up-hill. There were natural laws, fixed
in the conditions of things; and to contend against them was the old
battle of the Titans against the gods.
As it was with political economy, so it was with all other forms of
human activity; and as the true laws of political economy explained the
troubles which people fell into in old times because they were ignorant
of them, so the true laws of human nature, as soon as we knew them,
would explain their mistakes in more serious matters, and enable us to
manage better for the future.
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