By W Stark
Reprinting 3 vintage volumes on Jeremy Bentham's financial writings, the set includes historic introductions and collections of passages from Bentham's non-economic writings.
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Extra resources for Jeremy Bentham's Economic Writings
Sample text
I). Bentham thought it unnecessary to demonstrate the realism of this view of man: the predominance of self-regard over all other impulses is simply a matter of universal knowledge and self-knowledge, and may be stated in the form of an axiom: but if further proof be wanted, it will be found in the very survival of the race: nature could not have ensured it more effectively than she has done by rendering every one an egoist (cf. II). Egoism, then, is natural, not in the vague sense in which the term is often used, but in a definite and full sense.
As far as knowledge and power are concerned, government can certainly do little, but (as we are here told) it can do something: knowledge can be promoted by offering rewards to inventors and spreading the news of their inventions; power by removing obstacles in the way of enterprise, especially legal obstacles: all male acta of the past are agenda in the present, simply because they are removenda. Encouragements properly so called, positive encouragements, fall of course under Bentham’s general ban.
These small points prove perhaps better than anything else how fully modern economics was prefigured, and how far it was prepared, by Bentham’s utilitarian psychology of economic man. DUMONT] 1801 Jeremy bentham's economic writings 40 BOOK I. PRELIMINARY CONSIDERATIONS. OF WEALTH CONSIDERED IN ITS MODIFICATIONS, ITS VALUE AND ITS SOURCES Introduction. THE value of money is at present (in 1801) only half of what it was forty years ago: in forty years it will only be half of what it is at present.