What a State Owes the Economy
Not what the market wants but what the legislator may touch: every possible act of the state is sorted into what it must do, what it must leave alone, and what people will do of their own accord.
Bentham divides state action toward the economy into three: agenda, the things worth a government's doing; non-agenda, the things it ought to leave alone; and sponte acta, the things people will do unbidden if simply let be. Against the busy mercantilist habit of his day he argues that the first heap is far smaller than rulers imagine, and that most of what a legislator itches to arrange, individuals arrange better untouched. The test is never precedent or ambition but one measure only: whether the interference adds to the general happiness or subtracts from it.
- political economy
- utility
- security
- taxation
- government intervention
- wealth
Enter a dialogue
- A person watching their trade choked by well-meant regulation asks: how does a legislator decide the matter was never his to touch?
- Isn't sorting every act of state into three heaps just a tidy way of smuggling your own prejudice into which heap a thing lands?
- How does a citizen tell a genuine agendum, worth the state's hand, from something a government merely wishes to be seen doing?
- What must a government stop believing about its own usefulness before it can leave the sponte acta alone?
- Where a market plainly grinds down the weak, does the non-agenda become an excuse for a legislator to do nothing?