The Competitiveness of Nations in a Global Knowledge-Based Economy
A NEW VISION OF LIBERTYBy Alan Ryan
The New York
Review
Economic Sentiments:
Adam Smith, Condorcet, and the Enlightenment
By Emma
Rothschild., Harvard University Press, 2001, 353 pp., $45.00
1.
One of the many virtues of Economic Sentiments is
that it provides exactly what its subtitle says: an investigation of “Adam
Smith, Condorcet, and the Enlightenment.” Another, even more attractive than an
unusual degree of truth in advertising, is that it casts an extraordinarily
revealing light on many other writers and many other moments in history. It is a book that does with great success
two things that are usually thought to be wholly antithetical; certainly they
are rarely attempted by the same writer. On the one hand, it takes us back into
the last third of the eighteenth century, and shows us what economic thinking
was like before it became modern economic theory; on the other, it complicates
the image of the Enlightenment in ways that are intended to make the political
discussions of the twenty-first century more sophisticated, nuanced, and
self-conscious than they often are.
The design of the book is artless; its implementation is
anything but. In the demonology of the critics of the Enlightenment, Smith and
Condorcet are blamed for two of its most frequently reviled outcomes. On the one hand, Adam Smith, particularly
in his Wealth of Nations, is seen as the theorist of the society held
together by nothing stronger than the callous cash nexus of Marxian folklore, an
alienated world where human relationships are reduced to self-interested
bargaining and the worth of every man is the price at which his services can be
bought. On the other, the Marquis
de Condorcet, the author of A Sketch for a Historical Picture of the Progress
of the Human Mind, who died in a revolutionary jail in 1794 after a dazzling
career in mathematics and politics, is portrayed as the theorist of universal
civilization, leaving behind the vision of a world where perfectly rational
moral judgments inform perfectly efficient policy, and a moral and political
consensus reigns in much the way that a theoretical consensus reigns in physics
or chemistry.
The first indictment focuses on the bleakness of a
society constituted on the basis of market relations, the second focuses on the
totalitarian potential of utopian rationalism. The two have been yoked by the enemies of
the Enlightenment from their own time to the present. Edmund Burke’s Reflections on the
Revolution in France was the precursor of many later assaults. Contemplating the attempted assassination
of Marie-Antoinette, he wrote:
I thought ten thousand swords must have leaped from
their scabbards to avenge even a look that threatened her with insult. But the
age of chivalry is gone. That of
sophisters, economists, and calculators has succeeded; and the glory of Europe
is extinguished forever.
Before the outbreak of the French Revolution, Burke
accounted himself something of a disciple of Smith; once battle was joined, he
backed tradition against reason, the ancien régime against the
Enlightenment. Some of the
contemporary diatribes against globalization are the direct inheritors of
Burke.
Economic Sentiments
does something more subtle than merely demolish these hostile reactions to Smith and Condorcet. Emma Rothschild is not concerned to “rescue” Smith and Condorcet from their critics, rather show that they were engaged in something other than their later critics suppose. This demands rather different tactics in each case, of course. To put it rather crudely, she makes Smith’s aims much more political and in the modern sense of the word less economic than conventional criticisms of the Enlightenment would do. In Condorcet’s case, nobody has ever supposed that he was a central figure in the development of modern economics; in Joseph Schumpeter’s monumental History of Economic Analysis, for instance, he is yoked with Auguste Comte as the progenitor of a particularly shallow form of “intellectualist” evolutionary sociology, and his economic writings dismissed as devoid of interest. But what Emma Rothschild shows is that when he did write about economics, it was from a profoundly political and non-utopian perspective, and that when he wrote his notorious Sketch for a Historical Picture of the Progress of the Human Mind, he embraced the creative role of moral and political conflict with as much enthusiasm as Benjamin Constant in the 1820s and Isaiah Berlin in the 1950s. Indeed, it was from Condorcet that Constant learned the distinction between “the liberty of the ancients” and “the liberty of the moderns” for which he is remembered.This, however, raises the question of what was
“enlightened” about the Enlightenment. If it was not a matter of looking for
elegant models of human interaction such as underpin modern economics and are
thought to have put their origins in Smith’s discovery of the “invisible hand,”
what was it? If it was not a
matter of seeking universal moral and political principles that could be grasped
by the light of reason alone, and adopted in every society and at all times,
what was it? And if we can answer
those questions, can we also understand why Smith and Condorcet acquired the
reputations they did?
What is in question is not simply how they came to be saddled with evil reputations by their detractors. Smith’s admirers have always seen The Wealth of Nations as one of the founding documents of classical economics, and liberals who have any use for the concept of progress have a great deal of respect for Condorcet. Robespierre denounced him as a “timid conspirator,” and the triumph of the Jacobins sent him first into hiding, and then to his death; but a century later John Stuart Mill and Gladstone’s friend and biographer Lord Morley revered him. “Mill,” says Rothschild, “told John Morley ‘that in his younger days, when he was inclined to fall into low spirits, he turned to Condorcet’s life of Turgot; it infallibly restored his possession of himself.”
2.
To establish her view of what enlightenment meant to
Smith and Condorcet, and what the Enlightenment might mean to us, Emma
Rothschild takes the reader through a series of exemplary episodes in their
ideas and in the creation of their posthumous reputations; and she accompanies
those episodes with some wider reflections on what enlightenment - and therefore
“the Enlightenment” - can mean to the twenty-first century. It is an elegant as well as a persuasive
way of making her point about the political impact of the thinking of Smith and
Condorcet. Historically, she begins
with the question of how governments ought to respond to the periodic food
shortages that plague almost all agricultural societies.
The pre-revolutionary French state, built around a
passion for detailed regulation, and animated by what even its critics were
ready to regard as a genuine desire for the welfare of its subjects, responded
by further regulation of the trade in “corn,” i.e., grain, and attempts to
regulate its price. But Turgot,
whose political disciple Condorcet became, implemented policies to defeat famine
in the Limousin that took free trade in grain as their starting point, and used
government intervention to make the grain market work, not to supplant it. Because Turgot urged government measures
against famine, his opponents accused him of inconsistency, as if a belief in
laissez faire somehow entailed a belief in laissez mourir. Not so, Rothschild
writes:
At the height of the scarcity, he insists on royal
ordinances to reaffirm the freedom to transport and store corn. But he meanwhile implements a remarkable
series of public policies against famine. They include a program of public
employment; support for food imports; selective reductions - and some increases
- in taxes; and special regulations on land tenure
relations.
Tax reductions left the poor with more income to spend
on food; tax increases drew on the resources of the rich to finance public
works.
This is the policy that Condorcet defended in his
Reflexions sur le commerce des blés. As Emma Rothschild describes the
argument: “In such a case, the government must act. But it should not expropriate or
subsidize grain, thereby harming the establishment of commerce.” It should instead “assure the poor work
and wages in proportion to the cost of commodities; and it will always be
cheaper for the Treasury to put the poor in a position to buy corn, than to
bring the price of corn down to within reach of the poor.” To argue, as Turgot and Condorcet both
did, that it made good sense not only to allow a free trade in grain but also to
find work for the poor that they could buy the grain that their money would
bring onto the market is to side with economists of the late twentieth century.
Instead of sending the agents of
government in search of hoarded supplies and coercing the hoarders to part with
them, governments could let the purchasing power of the otherwise too hard up do
the job instead.
Retrospectively, we see this as a question of
efficiency, answering only one question - how do we get food into the mouths of
the hungry? Seen from the
perspective of Turgot and Condorcet, it is a much more political question. The argument for relying on free trade in
corn is not simply embedded in a theory of markets in food, though it is that;
more importantly, it is embedded in the politics of freeing producers and
consumers from the arbitrary and vexatious superintendence of officialdom. Indeed, part of the fascination of seeing
the debate from this new direction is just how unconcerned with efficiency in
the modern sense Turgot and Condorcet and Smith all turn out to
be.
They were certainly concerned with welfare or
well-being in a basic, common-sense sense of the word, and especially
with the welfare of the poor. But
they were not in the modern sense concerned to maximize the utility of a whole
society. This is a crucial point.
It is a commonplace objection to
Jeremy Bentham that his defense of the principle of “greatest happiness” for the
greatest number leaves it open to governments to maximize the total happiness of
a society by means that violate the rights of minorities, humiliate individuals,
and might involve any degree of oppression so long as their effects are seen as
good enough.
No doubt, it is in general true - so Bentham would argue
- that less coercion is better than more because people dislike being coerced,
and other things being equal, they are happier if subject to less of it. But Bentham’s chilling defense of his
perfect prison, the Panopticon, gives the game away. In the Panopticon prisoners were subject
to constant surveillance and their behavior manipulated by any means available.
Bentham saw no problem with this:
“Call them soldiers, call them monks, call them machines: so they were but happy
ones, I should not care.”
That is the true maximizing spirit, in which notions
like justice, or a care for individual dignity and self-respect, have at best a
subordinate place. It is, also,
exactly what Condorcet and Smith did not think. For them, it is justice toward the poor
that demands that their welfare take priority over all else; it is not the
principle of the greatest happiness for the greatest number. Nor is this because they did not
understand what was at issue; they both thought that it was the task of
government to secure justice, and that within the limits of just, predictable,
minimally obstructive laws, individuals must then make what they could of their
own lives in their own way. Both
deplored enthusiasts for systems, the sort of men who treated their fellow
creatures as sheep to be organized into a docile
happiness.
One central argument for the policies in time of famine
that Condorcet and Turgot defended was therefore that they did not damage the
creation of a free economy, and that they minimized the role of bureaucrats and
regulators, officials with ill-defined discretionary powers. Emma Rothschild highlights the moral
objection to overreaching bureaucracy by recalling a term that today has lost
much of its sting. It was the
“vexatiousness” of bureaucratic regulation that both Smith and Condorcet
complained of; but to say that one might be “vexed” by bureaucrats considerably
understates what they had in mind. “Vexation,” Rothschild
writes,
is the sort of oppression which flourishes in the
circumstances of an uncertain jurisprudence, in which men use the power of their
offices to pursue their personal grievances. It is the oppression in which one’s
oppressor knows one’s name, and one’s weaknesses, and where one
lives.
The argument for freedom in the grain trade was thus
political in a very simple sense, and it illuminates Smith’s claim that his
Wealth of Nations was “a very violent assault” upon the commercial system
of eighteenth-century Britain.
The issues went much beyond the way to deal with famine.
In France, as in Britain, the
production of most goods, and the conduct of most trades, was encumbered by an
extraordinary variety of statutory provisions about who was allowed to make and
sell what, under what conditions, at what times, and in what places. Entry to many occupations was controlled
by corporations that could decide what fees might be demanded by masters to take
on apprentices, how long the apprentice must serve, and how he was to work and
price his products thereafter. In
Britain, many of the regulations permitting corporations to control their own
trade were more or less dead letters, but they might at any moment turn out to
be capable of revival by one or another vested interest to the detriment of
competition and innovation.
One of Adam Smith’s particular but less well known
targets was the system of apprenticeships. But whereas Smith’s views on famine are
all too relevant to the modern world, Rothschild writes that
his
observations on corporations—on the silk weavers of
London, the cutlers of Sheffield, the “universities” of master smiths, the
ancient corporations of bakers, and other partial associations of trades - have
attracted much less attention, at least since the late nineteenth century, than
his observations on food. This is a
consequence, in part, of the conclusive success of efforts to reform the old
apprenticeship corporations, both in England and in France. The historian, searching the past for the
seeds of the present, has little interest in disputes over long-forgotten
institutions and long-concluded controversies.
Smith’s defense of what he called “the simple system of
natural liberty” inevitably condemned these pockets of privilege and monopoly as
both unjust and inefficient. They
were unjust because they restricted employment, and inefficient because they
worked against competitiveness. In
view of the hostility of later generations to what was seen as the heartlessness
of Smithian economics, it is worth noting that the injustice involved is above
all an injustice to the poor.
Emma Rothschild separates Smith’s arguments against
apprenticeships into four distinct categories. The first is an argument about the damage
done to the public interest by protecting particular occupations or localities.
The second, more interestingly, is
the other face of Smith’s enthusiasm for public education. He wanted to see universal, obligatory
general education; training apprentices in particular trades was efficient
neither in developing skills nor in promoting useful habits of industry. Nor, for that matter, did it do anything
to counteract the ways that the division of labor could undermine general
education. The third rests on the
proposition that apprenticeship restricts personal liberty, and is unjust both
to workers governed by apprenticeship regulations and to those who cannot get
employment in regulated trades.
Finally comes the distinctively political objection that
“apprenticeships are unjust because they reflect an oppressive combination of
public laws and corporate bylaws - a ‘corporation spirit’ - in which laws are
enacted for the benefit of the powerful, and enforced at the caprice of
magistrates, masters, overseers, and churchwardens. They are themselves a source of
insecurity.” Once again, in
Rothschild’s analysis it is the great theme of the vexatiousness of anything but
a system of uniform law that minimizes the discretionary authority of
bureaucrats and regulators that comes to the fore.
3.
Retrospectively, it is easy to think that Smithian
arguments for “the simple system of natural liberty” must have immediately swept
all before them. This is entirely
untrue. What is more nearly true is
that since Smith was too considerable a figure to be dismissed - there were
those who tried to deride The Wealth of Nations as a chaos of conflicting
observations, but they were few, and too lacking in intellectual firepower to
have much success - the decades after his death in 1790 saw commentators engaged
in a process of intellectual looting. The parts of Smith’s thought that served
their purposes were emphasized, the parts that did not were overlooked, and
often quite deliberately overlooked.
So Smith’s critics on issues such as apprenticeships
either took the line that Smith’s account was out of date - because the statutes
he complained of had fallen into desuetude - or else that he had an unrealistic
view of how much liberty was good for young persons. The usefulness of an education in a
particular trade was defended in parliamentary hearings as though he had never
explained its deficiencies, and gradually, Rothschild shows, the interpretation
of Smith that best suited conservatives took root.
One of her more astonishing vingnettes offered here is
of a moment in the 1790s when the conservative reading of Smith was enforced in
a fashion that was very far from gradual. Smith died in 1790, before the French
Revolution ran out of control. Nonetheless, for those to whom “French
opinions” had for a long time meant Voltaire’s cynical views on Christianity on
the one hand and Rousseau’s republicanism on the other, Smith was a threat to
good morals and good order, to be spoken of in the same condemnatory tones as
were used for his close friend David Hume. He had, after all, had French patrons,
French correspondents, and French friends; he had even spoken warmly of
Rousseau.
The Scottish courts outdid the English in the savagery
with which they repressed what they decided was sedition in the early 1790s.
Emma Rothschild describes the cases
of Thomas Muir, Thomas Palmer, William Skirving, and Maurice Margarot, who were
sentenced to “transportation” to penal colonies for fourteen, seven, fourteen,
and fourteen years respectively, on the strength of little more than Smithian
views about the benefits of free trade and lower taxes, and the good sense of
regarding our neighbors—that is, for the British, the French - as commercial
partners rather than natural enemies in war. Sadly she omits the response of Lord
Braxfield, who sat in these cases, to a subsequent defendant, Joseph Gerrald.
When Gerald observed that Christ,
too, had been a social reformer, Braxfield joked to his fellow judges, “Muckle
he made o’that; he was hanget.”
This judicial terrorism was not simply an attempt to
frighten the artisan classes. Muir
was a lawyer and Palmer a minister; transportation was intended to be a death
sentence so far as men of their class were concerned. Anyone who suggested that the principles
of government and the reform of institutions might be matters for public
discussion was a target. Smith’s
colleague and biographer, Dugald Stewart, received a letter from two of the
Scottish Law Lords early in 1794. demanding an open recantation of a couple of
favorable references to Condorcet in his Philosophy of the Human Mind. When dealing with the only slightly
less dangerous topic of Smith’s Wealth of Nations. Stewart found himself
forced to defend the work as a piece of speculative theorizing, which had
fastidiously been addressed not to the multitude but to those who had political
power. Their authority was not to
be called in question; the humble economist was to offer only suggestions for
the better conduct of affairs, it being unquestionable that they had nothing at
heart but the welfare their subjects.
It is illuminating to see this as the moment when an important new intellectual cleavage is opened up, and to appreciate the politics behind it. The establishment of the view that economists should produce technically interesting work, which is then open to use by governments of any political stripe, was one of the ways in which Smith was first defanged and then appropriated by the conservatives. Nobody supposes that Smith would have been an enthusiast for the wilder ambitions of the French revolutionaries. Much like Hume, he saw that political systems were vulnerable to sudden overthrow, and that once political passions were thoroughly aroused all manner of horrible things might happen. Still, it is hard to avoid seeing the political implications of The Wealth c Nations in the same light as his critics did: if the governments of the ancien régime were not corrupt, they were a least incompetent and biased, and operated in the interests of the possessing classes alone. Again like Hume, Smith thought that the best way to avoid violent outcomes was the establishment of rational, uncorrupt, non-arbitrary government. An educated public would be governed easily by good governments and not at all by bad. Burke might descant on the virtues of “prejudice,” and prefer superstitious reverence to the cool and cheerful acceptance of the need for sensible government; but Smith had no use for prejudice and superstition in any form.
Emma Rothschild’s account of Smith’s actual political
views is not only gripping; it provokes a lot of secondary questions. One is about the choice of the moment
when the cleavage between economics and politics finally becomes established.
For her, the telling event was the
publication of Mill’s essay “On the Definition of Political Economy; and on the
Method of Philosophical Investigation in that Science,” in The London and
Westminster Review of October 1836. There, Mill characterizes economics as
having the qualities of geometry: just as geometry ignores the drawing errors of
children drawing triangles, the color of the paper on which they draw, and
everything else other than the narrowly geometrical properties of the objects at
hand, so economics leaves aside everything except the desire for wealth and the
aversion people have to effort and self-denial. Political economy is then defined as “the
science which traces the laws of such the phenomena of society as arise m the
combined operations of mankind for the production of wealth. so far as those
phenomena are not modified by the pursuit of any other
object.”
For Economic Sentiments, what is important in
this account is its tidiness; economics is split off to one side, and concerns
differentiated from those ethics, political science, aesthetics and much, else.
Emma Rothschild borrows the famous
image from Ludwig Wittgenstein’s Philosophical Investigations in which
Wittgenstein compares the growth of science to the expansion of a city, where
the chaotic jumble of the inner city gives way to the tidy rectangularity of the
suburbs. In that sense, Mill’s
formulation marks the end of the process with which Economic Sentiments
is concerned. Mill has created
the intellectual box into which The Wealth of Nations is to be put, and
its placement there badly distorts its political value.
But to the reader of Mill, his essay looks much more
like the beginning of another process. On the one hand, it is the first blow in
the long campaign - one that continues to the present - against the imperialist
ambitions of economic reasoning. By
emphasizing all the things that economists have to leave out in order to obtain
the intellectual tidiness they aspire to, Mill warns us against accepting their
advice. We would not let a
professor of geometry dictate our purchases of a painting or sculpture; and in
spite of the late Gary Becker’s Nobel Prize winning attempts to apply rational
choice analysis to family life, we would not generally ask an economist’s advice
about whom to marry. As for Mill
himself, no sooner had he tidied up his reader’s ideas about economics than he
set out to write his own version of The Wealth of Nations. Mill’s own
allegiances were broad and open to a variety of human experience in just the way
that Smith’s were.
The bearing of these thoughts on the argument of
Economic Sentiments is indirect. On the one hand, they suggest that Emma
Rothschild’s account of what happened to Smith’s reputation may be a little too
cut and dried. The implications of
assigning The Wealth of Nations to “economics” may’ be more contestable,
and not such a clear-cut victory for a conservative interpretation of the work
and its author than she suggests. On the other, it may be that even two and
a quarter centuries later, what we do with books like Smith’s is less
constrained by what our predecessors have done than we sometimes think. Indeed, that must be true, since
otherwise we could hardly learn from them as she wishes us to
do.
Emma Rothschild demonstrates more persuasively than any
short summary can capture just how different Smith’s concerns were from those of
later interpreters. Her intricate
and occasionally even difficult account of the multiplicity of ways in which be
used the concept of the “invisible hand,” in particular, reminds reader not only
of the nuanced and delicate fashion in which Smith kept a dozen different ideas
in the air at once, but of how much subsequent accounts of his work have
truncated it for their own purposes. It is perhaps easiest to see this by
recurring once more to the title of the book. Economic Sentiments is an
enigmatic title, and unraveling the enigma takes us both to the heart of Emma
Rothschild’s intentions and to the implications of her account for us, the
twenty-first-century readers.
4.
The eighteenth century’s use of the concept of
“sentiment” is not a topic on which to embark lightly. Happily, we need not embark on it at all
to understand Emma Rothschild. All
we need to understand is that Smith, the author of The Theory of Moral
Sentiments, did not divide his concern with human existence into a
geometrical analysis of the cold, calculating world of the marketplace and a
historical, discursive, richly rhetorical account of the hot, passionate world
of moral enthusiasm and moral indignation. For him the moral sentiments were guided
by reason, and the calculations of the merchant and the shopkeeper were informed
by sentiment. The mutual sympathy
that made human life possible was not uninformed by reason, and the marketplace
was not bleakly calculating. Sentiments can be more or less
productive; they can be molded to make social intercourse more or less
congenial; they are, in short, both the raw material of moral reflection and
moral education and in a developed form the end product of reflection and
education.
Condorcet’s vision of the world was not dissimilar. For him, too, the feelings of the
victims of injustice, oppression, and vexation were all-important. This was part of his argument for the
importance of conflicting moral and political allegiances. He did not deny that there are in some
sense universal values and universal feelings about morally serious matters.
Like Isaiah Berlin, and like many
other eighteenth-century writers, he was certain that only a monster could be as
indifferent to human suffering as he would be to seeing a stick break or a stone
fall into the sea; and Condorcet was sure that it was sentiments - sympathy for
others and resentment on one’s own behalf - that underpinned the universal
passion for justice. But, again
like Berlin and other recent writers, he was sure that we could not soon expect
to see people coinciding in their judgments of which injustices were greater
than which others.
One important thing was therefore to encourage people to
understand one another, to see into one another’s hearts and appreciate how they
had come to feel the moral allegiances they had. The other was to refuse the suggestion
that some governments or some constitutional arrangements would infallibly
produce justice. Laws were not
infallibly just so long as they were produced by a democratic process - no
matter what Rousseau might suggest. Paradoxically enough, the obsession with
the mathematics of voting for which Condorcet is today remembered by political
scientists sprang from his hostility to the death penalty. In his view, no method of voting was so
certain to produce a just result that a jury could rightfully sentence a
criminal to death.
Neither Smith nor Condorcet wanted finality. Both of them distrusted and mocked the
theorist who wishes to design schemes to make others happy in just the way he
thinks they should be happy. This
was one more reason why politics should aim at providing a predictable legal
system within which individuals could work out their own destiny, and why
politics ought to do as little more as possible. This required that enlightened people
should cultivate in themselves certain sentiments, in particular that they
should learn to accept the anxieties of an uncertain world with reasonable
cheerfulness. Emma Rothschild ends
Economic Sentiments with a discussion of life in a “fatherless world”
that one would call inconclusive - if it were not for the decisive fact that
conclusions are just what she is teaching us not to draw.
The open, laissez-faire world of the
Enlightenment is a world in which we cannot be wholly free of anxiety. It is a world with many offsetting
benefits, however - and even anxiety has its rewards, as readers of crime novels
know. Backward-looking thinkers
such as Alexis de Tocqueville thought that modern individualism must result in
social isolation and loneliness - although he was a convinced agnostic,
Tocqueville even argued that egalitarian democracies needed the warmth of the
Catholic faith. Smith and Condorcet
both thought we could do without such props; we might, with luck, survive on the
basis of a good-natured, conversational kind of sociability. Independence is not isolation; we can be
freed from subordination and make friends with our equals.
Other forms of nostalgia besides Tocqueville’s also have
to be given up if we follow Condorcet’s thought. The freedom of the moderns is not the
participatory freedom of the ancient Athenians, and a modern Frenchman should
not feel that his identity as a Frenchman is the most important thing about
himself. The more spectacular
political virtues can also be allowed to atrophy. Condorcet looked forward to a world
where the courage of the Spartans at Thermopylae would no longer be needed.
Romantics - and most of us are
romantics in this matter - sigh for what we would lose if we took this view
wholly seriously. Condorcet,
looking forward to an epoch of peace and tranquility, seemed not to have had
such regrets. No doubt he was naive
about the prospects for achieving this condition; no doubt he underestimated the
ease with which the human propensity for violence, greed, and resentment can
come to the boil.
But Emma Rothschild should have the last word on this
question. Summarizing her scintillating account of Condorcet, she agrees
that
The Esquisse is a deeply credulous book. It is as though Condorcet had given
himself up, hidden from the Terror in his room in the rue Servandoni, to a
suspension of skepticism or disbelief. He believed that simple moral sentiments
are what all men and women have (or have once had) in common. They are the foundation of virtue. They are also the foundation of rights,
and thereby of justice and liberty. This is a utopian conception. But it is not thereby false, and it is
not a sinister utopia.
What the twenty-first century can decently learn from
the Enlightenment of Smith and Condorcet is the need, not for credulity, but for
a guarded optimism about our ability to suppress hysterical optimism and
pessimism, and in the absence of governmental bullying to make common cause with
the rest of humanity on the basis of justice, a respect for human rights, and
concern for the welfare of the worst
off.