TAILIEUCHUNG - History of Economic Analysis part 27

History of Economic Analysis part 27. At the time of his death in 1950, Joseph Schumpeter-one of the major figures in economics during the first half of the 20th century-was working on his monumental History of Economic Analysis. A complete history of humankind's theoretical efforts to understand economic phenomena from ancient Greece to the present, this book is an important contribution to the history of ideas as well as to economics. | History of economic analysis 222 teaching but nevertheless blew wind into his sails. We have the picture if we add one more touch. The dogmatizing doctor s apartment in the entresol of the palace of Versailles was not far from the well of all preferment Mme de Pompadour s suite. The ambitious on the lower rungs of the ladder could hardly fail to perceive this fact and some of them may have thought that an hour s boredom in the former was a cheap price to pay for a good word dropped in the latter. Marmontel was quite frank about this and it is safe to assume that he was not the only one to make the discovery. Such things do matter at all times though different environments have different methods of favoring doctrines without absorbing or caring for their real scientific import if any. Expressed in terms of that particular environment Quesnay s success was primarily a succès de salon. Polite society talked physiocracy for a time but very few people outside took much notice of it except by way of sneering at it. There was thus a physiocrat fashion but there was no physiocrat movement in the sense in which there was and is a Marxist movement especially not one rooted in agrarian class interests. But what about the political influence of the physiocrats of which we read so much What about their historic role in combating privilege abuses and all the horrors of protection The reader would completely misunderstand the drift of the argument presented as well as the reasons why it was thought necessary to present it if he concluded from what has been said so far that this influence should be equated to zero. No group so well disciplined and so bent upon propaganda as the physiocrats were can fail to exert some influence. For instance such a group as our own League of Women Voters is a cog in our political engine that no realistic analysis of our time can afford to neglect entirely. The point is that the physiocrat group exerted this kind of influence and no other and that .

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