[Footnote: For the sake of the unclassical reader, I add a prose translation:—Not to such an extent has the lapse of time confounded things highest with things lowest, as that—if the laws can be saved only by the voice of a Metellus—they would not rather choose to be abolished by a Cæsar.]
Phil. "Imis!" Why, I hope, if Mr. Ricardo may do for the Cæsar of the case, Mr. Malthus is not therefore to be thought the Metellus. "Imis," indeed!
X. As to this, he is: his general merits of good sense and ingenuity we all acknowledge; but for the office of a distinguisher, or any other which demands logic in the first place, it is impossible to conceive any person below him. To go on, however, with my instance:— this objection of Mr. Malthus' about "cost" and "value" was founded purely on a very great blunder of his own—so great, that (as I shall show in its proper place) even Mr. Ricardo did not see the whole extent of his misconception: thus much, however, was plain, that the meaning of Mr. Malthus was, that the new doctrine of value allowed for wages, but did not allow for profits; and thus, according to the Malthusian terminology, expressed the cost but not the value of a thing. What was Mr. Ricardo's answer? In the third edition of his book (p. 46), he told Mr. Malthus that, if the word "cost" were understood in any sense which excluded profits, then he did not assert the thing attributed to him; on the other hand, if it were understood in a sense which included profits, then of course he did assert it; but, then, in that sense Mr. Malthus himself did not deny it. This plain answer was published in 1821. Will it be believed that two years after (namely, in the spring of 1823), Mr. Malthus published a pamphlet, in which he repeats the same objection over and over again, without a hint that it had ever met with a conclusive explanation which it was impossible to misunderstand? Neither must it be alleged that Mr. Malthus might not have seen this third edition; for it is the very edition which he constantly quotes in that pamphlet.
Phæd. What say you to this, my dear Philebus? You seem to be in perplexity.
X. But an instance of far greater disingenuousness is this: Mr. Ricardo, after laying down the general law of value, goes on to state three cases in which that law will be modified; and the extraordinary sagacity with which he has detected and stated these modifications, and the startling consequences to which they lead, have combined to make this one of the most remarkable chapters in his books. Now, it is a fact, gentlemen, that these very restrictions of his own law—so openly stated as restrictions by Mr. Ricardo—are brought forward by Mr. Malthus as so many objections of his own to upset that law. The logic, as usual, is worthy of notice; for it is as if, in a question about the force of any projectile, a man should urge the resistance of the air, not as a limitation of that force, but as a capital objection to it. What I here insist on, however, is its extreme disingenuousness. But this is a subject which it is unpleasant to pursue; and the course of our subject will of itself bring us but too often across the blunders and misstatements of Mr. Malthus. To recur, therefore, to what you objected about Mr. Ricardo—that he was said to be paradoxical and obscure—I presume that you use the word "paradoxical" in the common and improper sense, as denoting what has a specious air of truth and subtlety, but is in fact false; whereas I need not tell you that a paradox is the very opposite of this—meaning in effect what has a specious air of falsehood, though possibly very true; for a paradox, you know, is simply that which contradicts the popular opinion—which in too many cases is the false opinion; and in none more inevitably than in cases as remote from the popular understanding as all questions of severe science. However, use the word in what sense you please, Mr. Ricardo is no ways interested in the charge. Are my doctrines true, are they demonstrable? is the question for him; if not, let them be overthrown; if that is beyond any man's power, what matters it to him that the slumbering intellect of the multitude regards them as strange? As to obscurity, in general it is of two kinds—one arising out of the writer's own perplexity of thought; which is a vicious obscurity; and in this sense the opponents of Mr. Ricardo are the obscurest of all economists. Another kind—
Phæd. Ay, now let us hear what is a virtuous obscurity.
X. I do not say, Phædrus, that in any case it can be meritorious to be obscure; but I say that in many cases it is very natural to be so, and pardonable in profound thinkers, and in some cases inevitable. For the other kind of obscurity which I was going to notice is that which I would denominate elliptical obscurity; arising, I mean, out of the frequent ellipsis or suppression of some of the links in a long chain of thought; these are often involuntarily suppressed by profound thinkers, from the disgust which they naturally feel at overlaying a subject with superfluous explanations. So far from seeing too dimly, as in the case of perplexed obscurity, their defect is the very reverse; they see too clearly; and fancy that others see as clearly as themselves. Such, without any tincture of confusion, was the obscurity of Kant (though in him there was also a singular defect of the art of communicating knowledge, as he was himself aware); such was the obscurity of Leibnitz (who otherwise was remarkable for his felicity in explaining himself); such, if any, is the obscurity of Ricardo; though, for my own part, I must acknowledge that I could never find any; to me he seems a model of perspicuity. But I believe that the very ground of his perspicuity to me is the ground of his apparent obscurity to some others, and that is—his inexorable consistency in the use of words; and this is one of the cases which I alluded to in speaking of an "inevitable obscurity;" for, wherever men have been accustomed to use a word in two senses, and have yet supposed themselves to use it but in one, a writer, who corrects this lax usage, and forces them to maintain the unity of the meaning, will always appear obscure; because he will oblige them to deny or to affirm consequences from which they were hitherto accustomed to escape under a constant though unconscious equivocation between the two senses. Thus, for example, Mr. Ricardo sternly insists on the true sense of the word Value, and (what is still more unusual to most men) insists on using it but in one sense; and hence arise consequences which naturally appear at once obscure and paradoxical to M. Say, to Mr. Malthus, to the author of an Essay on Value; [Footnote: I forget the exact title; but it was printed for Hunter, St. Paul's Church-yard.] and to all other lax thinkers, who easily bend their understandings to the infirmity of the popular usage. Hence, it is not surprising to find Mr. Malthus complaining ("Polit. Econ.," p. 214) of "the unusual application of common terms" as having made Mr. Ricardo's work "difficult to be understood by many people;" though, in fact, there is nothing at all unusual in his application of any term whatever, but only in the steadiness with which he keeps to the same application of it.
Phil. These distinctions of yours on the subject of obscurity I am disposed to think reasonable; and, unless the contrary should appear in the course of our conversations, I will concede them to be applicable to the case of Mr. Ricardo; his obscurity may be venial, or it may be inevitable, or even none at all (if you will have it so). But I cannot allow of the cases of Kant and Leibnitz as at all relevant to that before us. For, the obscurity complained of in metaphysics, etc., is inherent in the very objects contemplated, and is independent of the particular mind contemplating, and exists in defiance of the utmost talents for diffusing light; whereas the objects about which Political Economy is concerned are acknowledged by all persons to be clear and simple enough, so that any obscurity which hangs over them, must arise from imperfections in the art of arranging and conveying ideas on the part of him who undertakes to teach it.
X. This I admit: any obscurity which clouds Political Economy, unless where it arises from want of sufficient facts, must be subjective; whereas the main obscurity which besets metaphysics is objective; and such an obscurity is in the fullest sense inevitable. But this I did not overlook; for an objective obscurity it is in the power of any writer to aggravate by his own perplexities; and I alleged the cases of Kant and Leibnitz no further than as they were said to have done so; contending that, if Mr. Ricardo were at all liable to the same charge, he was entitled to the same apology; namely, that he is never obscure from any confusion of thought, but, on the contrary, from too keen a perception of the truth, which may have seduced him at times into too elliptic a development of his opinions, and made him impatient of the tardy and continuous steps which are best adapted to the purposes of the teacher. For the fact is, that the laborers of the Mine (as I am accustomed to call them), or those who dig up the metal of truth, are seldom fitted to be also laborers of the Mint—that is, to work up the metal for current use. Besides which, it must not be forgotten that Mr. Ricardo did not propose to deliver an entire system of Political Economy, but only an investigation of such doctrines as had happened to be imperfectly or erroneously stated. On this account, much of his work is polemic; and presumes, therefore, in the reader an acquaintance with the writers whom he is opposing. Indeed, in every chapter there is an under reference, not to this or that author only, but to the whole current of modern opinions on the subject, which demands a learned reader who is already master of what is generally received for truth in Political Economy.
Phil. Upon this statement it appears at any rate that Mr. Ricardo's must be a most improper book as an elementary one. But, after all, you will admit that even amongst Mr. Ricardo's friends there is a prevailing opinion that he is too subtle (or, as it is usually expressed, too theoretic) a writer to be safely relied on for the practical uses of legislation.