Mill does not pretend that this person actually exists; but that the tendency of things is as though he did exist; and that it is most easy to assume his existence, and after that recognize the qualifications which other parts of human nature require us to put in, just as in mechanics we calculate what would happen if surfaces were smooth, and then allow for friction afterwards.

Ruskin’s criticisms are not always fair. He writes:

“Political Economy, being a science of wealth, must be a science respecting human capacities and dispositions. But moral considerations have nothing to do with political economy (says Mill). Therefore, moral considerations have nothing to do with human capacities and dispositions.”[61]

Perhaps the logical fallacy is not very obvious, but it is there. Human capacities and dispositions touch moral considerations on one side, and they touch political economy on the other. But these two need not therefore be connected. Because a man has two relations, as a citizen and as a father, and because the state does not bring up his children, and the two relations are separate, we must not argue that the man has nothing to do with his family, because the state, with which he is also connected, has nothing to do with it. All this wrong criticism was produced by the obvious remark of Mill, that the ethical character of a taste for diamonds is not the economist’s affair.

It is only as a first approximation, then, that economics postulates the monster known as the economic man; cold, calculating, well informed, shrewd, selfish with the unthinking uniformity of a machine. It is perhaps clearer to say that it can take account only of such motives as are sufficiently regular and predictable to be worth so much in money. Some unselfish actions are of that kind, such as a man’s service to his children, or if he be a Highlander to his third cousin; and we can predict certain of his regular subscriptions. The Law of Supply and Demand applies to ministers and missionaries and hospital nurses, though their payment is all from charitable gifts. To some extent the Charity Fund is a steady sum in any nation. It could be predicted that when the national War Fund was absorbing large sums, other charities, particularly London charities, would suffer; and such has been the case. The same phenomenon occurred to a less degree when General Booth was raising his Darkest England Fund. Here is a charitable motive steady enough to be measurable.

It is not assumed here, as so constantly asserted by Ruskin, that men are and must be treated as rogues. The argument of Ruskin was that the qualifications to be introduced into problems due to the fact that man is not an economic man, are not like allowances for friction, or other mechanical matters, but are organic and revolutionary. The right reply probably is that sometimes this is so, but far more generally not so.

When remarkable instances of unselfishness occur outside the family circle, where the economist expects and allows for them, they are told as instances of the unexpected. When the newspaper boys near the Mansion House are found giving an undisturbed beat to a lame boy who could not compete with them in running to customers, and refuse to sell a paper there, the admiring customer concludes his beautiful and kindly story by asking how many business men round the Mansion House would leave a rival in possession because of his weakness?

The definition of Wealth must now be considered. Mill defines it as consisting of “All useful and agreeable things which possess exchangeable value.”

He decides to include in the wealth of a country such personal qualities, skill, energy, perseverance, as tend to make the man who possesses them industrially more valuable. A skilled cotton spinner is a greater national asset than a labourer; a skilled medical man who can restore to labourers their industrial efficiency, is also national wealth, a utility embodied in a person; but a gifted preacher, whose message may even make a man a less keen producer of wealth than he was before, would not be an instance of national wealth, unless he made, as he might, a drunkard or a loafer into a regular wage earner. So the actor, or the singer, or the orator, unless their work ultimately produces material goods, is not to be counted wealth in economics. There is evidently the usual difficulty about drawing the line.

What is more, the most precious parts of character are excluded from national wealth in the economic sense. Wealth, that is, is taken to mean property, and not, more generally, the means of true well-being. Again, the most necessary things are from their abundance not wealth. Air, sunshine, and water are not wealth where and when they are given profusely by nature; though they are the most needful supports to life. But air which has to be pumped in by a ventilating fan has cost something, and is wealth; sunshine which has passed through a coal measure and is brought to our firegrates on a winter’s night is wealth, water turned on at our taps is wealth for which we pay a water-rate. We may come to import oxygen into our halls and theatres and lecture rooms, perhaps even into our cellar workrooms, and then it too will have a price and an economic value.