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Updated: October 29, 2025
As such a style of living will seem, and with good reason, to be anything but secure to economists who have any experience of Paris, it will not be superfluous to give a glance to the foundation, uncertain as it was, upon which the prosperity of the pair was based.
Ben Starkey, President of the Board of American Steel, expressed "shock and regret"; the Amalgamated Buttonhole Makers held a mass meeting in protest, demanding that "the instigators of this unprecedented crime be permanently barred from positions in American Industry." In Washington, the nation's economists were more cautious in their views. Yes, it was an unprecedented action.
That's the native gospel of the toiling many, always; your doctrines of fair exchange, and honest livelihoods, and free contract, and all the rest of it, are only the artificial gospel of the political economists, and of the bourgeoisie and the aristocrats into whose hands they play the rascals! 'Then you think I oughtn't to take the post? asked Ernest, a little ruefully.
Without doubt; but think how he would have traveled if he had had good health. And one has strange mental experiences alone with the stars. That came of sleeping in the fields 'where God keeps an open house. 'I thought I had rediscovered one of those truths which are revealed to savages and hid from political economists.
Though it is probably true, as economists say, that our land and its resources, if more equitably distributed and scientifically exploited, are capable of supporting many more millions of Americans than at present, there seems to be no good reason for stepping up the modern middle-class family beyond four or five children.
While my patrons in the social and political sciences were fulminating anathemas against my brochure, a man, who was a stranger to Franche-Comte, who did not know me, who might even have regarded himself as personally attacked by the too sharp judgment which I had passed upon the economists, a publicist as learned as he was modest, loved by the people whose sorrows he felt, honored by the power which he sought to enlighten without flattering or disgracing it, M. Blanqui member of the Institute, professor of political economy, defender of property took up my defence before his associates and before the ministry, and saved me from the blows of a justice which is always blind, because it is always ignorant.
Carlyle's bigoted dislike of Political Economists withheld him from studying their works; and he seems ignorant of the advances that have been made by the "dismal science," or of what it has proved and disproved.
H.G. Wells, that exceedingly clear-sighted man, has pointed out in a recent work that this has happened in connection with economic questions. But the new economists, he says, seem to have lost the power of making any generalizations at all.
This is exactly what happens when a peasant pays twelve francs to a lawyer for a document which it takes him an hour to prepare; and this inequality, this iniquity in exchanges, is the most potent cause of misery that the socialists have unveiled, as the economists confess in secret while awaiting a sign from the master that shall permit them to acknowledge it openly.
But the age of horseflesh is gone that of engineers, economists, and calculators has succeeded; and the pleasure of coucoudom is extinguished for ever. Why not mourn over it, as Mr. Burke did over his cheap defence of nations and unbought grace of life; that age of chivalry, which he lamented, apropos of a trip to Versailles, some half a century back?
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