French Liberal School

French Liberal School

The French Liberal School (also called the "Optimist School" or "Orthodox School") is a 19th century school of economic thought, that was centered around the "Collège de France" and the "Institut de France". The "Journal des Économistes" was essential in promulgating the ideas of the School.

The School veraciously defended laissez faire free trade, against collectivist, interventionist and protectionist ideas. One author has claimed its demise in the rise of the law faculties in France, which started teaching economics from a legal, positivist point of view, and which advanced the ideas of the various German economic schools of the days. [cite journal|author=Charles Gide|title=Economic Literature in France at the Beginning of the Twentieth Century|journal=Economic Journal|volume=17|issue=|66|pages=192–212|doi=10.2307/2220664|year=1907]

William Stanley Jevons, dismissing arguments that the French Liberal School did nothing more than rehash Ricardian theories, wrote about the School: cquote|There are valuable suggestions towards the improvement of the science contained in the works of such writers as Senior, Cairnes, Macleod, Cliffe-Leslie, Hearn, Shadwell, not to mention long series of French economists from Baudeau and Le Trosne down to Bastiat and Courcelle-Seneuil: but they are neglected in England, because the excellence of their works was not comprehended by David Ricardo, the two Mills, Professor Fawcett and others who have made the orthodox Ricardian school what it is. [cite book|author=William Stanley Jevons|title=The Theory of Political Economy|year=1871|edition=1st] I am convinced that the doctrine of wages, which I adopted in 1871, is not really novel at all, except to those whose view is bounded by the maze of the Ricardian economics. The true doctrine may be more or less clearly traced through the writings of a succession of great French economists, from Condillac, Baudeau and Le Trosne, through J.-B. Say, Destutt de Tracy, Storch and others, down to Bastiat and Courcelle-Seneuil. The conclusion to which I am ever more clearly coming is that the only hope of attaining a true system of economics is to fling aside, once and for ever, the mazy and preposterous assumptions of the Ricardian school. Our English economists have been living in a fool's paradise. The truth is with the French school, and the sooner we recognize the fact, the better it will be for all the world, except perhaps the few writers who are too far committed to the old erroneous doctrines to allow of renunciation. [cite book|author=William Stanley Jevons|title=The Theory of Political Economy|year=1879|edition=2nd]

References and further reading

ee also

* Physiocratism
* Austrian School

Wikimedia Foundation. 2010.

Look at other dictionaries:

  • Liberal Party of Canada candidates, 2011 Canadian federal election — This is a list of nominated candidates for the Liberal Party of Canada in the upcoming federal election to be held May 2, 2011. Contents 1 Newfoundland and Labrador 7 seats 2 Prince Edward Island 4 seats 3 Nova Scotia 11 seats …   Wikipedia

  • School choice — is a term used to describe a wide array of programs aimed at giving families the opportunity to choose the school their children will attend. As a matter of form, school choice does not give preference to one form of schooling or another, rather… …   Wikipedia

  • French literature of the 19th century — French literature of the nineteenth century is, for the purpose of this article, literature written in French from (roughly) 1799 to 1900. Many of the developments in French literature in this period parallel changes in the visual arts. For more… …   Wikipedia

  • French literature — Introduction       the body of written works in the French language produced within the geographic and political boundaries of France. The French language was one of the five major Romance languages to develop from Vulgar Latin as a result of the …   Universalium

  • Liberal Arts and Science Academy High School of Austin, Texas — The Liberal Arts and Science Academy High School of Austin is a specialized high school for students interested in liberal arts, science, and/or mathematics. As an advanced program magnet school, it admits select high school students from across… …   Wikipedia

  • FRENCH LITERATURE — Biblical and Hebraic Influences The influence of the Hebrew Bible and other Jewish writings on early French literature is limited. With the exception of the 12th century Jeu d Adam, an Anglo Norman verse play, and the 15th century Mistère du Viel …   Encyclopedia of Judaism

  • Liberal democracy — Part of the Politics series Democracy History · Vari …   Wikipedia

  • French Algeria — Algérie française Départements of France …   Wikipedia

  • Liberal Christianity — Part of a series on the History of Christian Theology …   Wikipedia

  • Liberal Alternative — Infobox French Political Party party name = Alternative Libérale Liberal Alternative party party wikicolourid = Alternative Libérale leader = Sabine Herold foundation = March 1 2006 ideology = Classical liberalism président = european = europarl …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.