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 shopkeeper's trade is strangled by a well-meant rule. What must a government prove before coercing anyone to add to the nation's wealth?
- You sort a state's possible acts into what it must do, what it must leave alone and what people do unprompted. Doesn't the sorting hide your prejudice?
- You would leave trade alone, yet count hospitals for the poor sick among what a state must provide. What separates saving lives from steering trade?
- State schemes to raise the birth rate, you say, are like paying people to eat. Why would such urging make marriage less attractive?
- Government may gather statistics if the benefit outweighs the cost. Why does collecting facts pass that test when steering trade does not?