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''The Fable of The Bees: or, Private Vices, Publick Benefits'' (1714) is a book by the Anglo-Dutch social philosopher
Bernard Mandeville Bernard Mandeville, or Bernard de Mandeville (; 15 November 1670 – 21 January 1733), was an Anglo-Dutch philosopher, political economist and satirist. Born in Rotterdam, Netherlands, he lived most of his life in England and used English for ...
. It consists of the
satirical Satire is a genre of the visual, literary, and performing arts, usually in the form of fiction and less frequently non-fiction, in which vices, follies, abuses, and shortcomings are held up to ridicule, often with the intent of shaming or e ...
poem ''The Grumbling Hive: or, Knaves turn'd Honest'', which was first published anonymously in 1705; a prose discussion of the poem, called "Remarks"; and an essay, ''An Enquiry into the Origin of Moral Virtue''. In 1723, a second edition was published with two new essays. In ''The Grumbling Hive'', Mandeville describes a bee community that thrives until the bees decide to live by honesty and virtue. As they abandon their desire for personal gain, the economy of their hive collapses, and they go on to live simple, "virtuous" lives in a hollow tree. Mandeville's implication—that private
vice A vice is a practice, behaviour, or habit generally considered immoral, sinful, criminal, rude, taboo, depraved, degrading, deviant or perverted in the associated society. In more minor usage, vice can refer to a fault, a negative character tra ...
s create social benefits—caused a scandal when public attention turned to the work, especially after its 1723 edition. Mandeville's
social theory Social theories are analytical frameworks, or paradigms, that are used to study and interpret social phenomena.Seidman, S., 2016. Contested knowledge: Social theory today. John Wiley & Sons. A tool used by social scientists, social theories rela ...
and the thesis of the book, according to E. J. Hundert, is that "contemporary society is an aggregation of self-interested individuals necessarily bound to one another neither by their shared civic commitments nor their moral rectitude, but, paradoxically, by the tenuous bonds of envy, competition and exploitation". Mandeville implied that people were hypocrites for espousing rigorous ideas about virtue and vice while they failed to act according to those beliefs in their private lives. He observed that those preaching against vice had no qualms about benefiting from it in the form of their society's overall wealth, which Mandeville saw as the cumulative result of individual vices (such as luxury, gambling, and crime, which benefited lawyers and the justice system). Mandeville's challenge to the popular idea of virtue—in which only unselfish, Christian behaviour was virtuous—caused a controversy that lasted through the eighteenth century and influenced thinkers in
moral philosophy Ethics or moral philosophy is a branch of philosophy that "involves systematizing, defending, and recommending concepts of right and wrong behavior".''Internet Encyclopedia of Philosophy'' The field of ethics, along with aesthetics, concerns ma ...
and economics. The ''Fable'' influenced ideas about the
division of labour The division of labour is the separation of the tasks in any economic system or organisation so that participants may specialise (specialisation). Individuals, organizations, and nations are endowed with, or acquire specialised capabilities, and ...
and the free market (''
laissez-faire ''Laissez-faire'' ( ; from french: laissez faire , ) is an economic system in which transactions between private groups of people are free from any form of economic interventionism (such as subsidies) deriving from special interest groups. ...
''), and the philosophy of
utilitarianism In ethical philosophy, utilitarianism is a family of normative ethical theories that prescribe actions that maximize happiness and well-being for all affected individuals. Although different varieties of utilitarianism admit different charact ...
was advanced as Mandeville's critics, in defending their views of virtue, also altered them. His work influenced
Scottish Enlightenment The Scottish Enlightenment ( sco, Scots Enlichtenment, gd, Soillseachadh na h-Alba) was the period in 18th- and early-19th-century Scotland characterised by an outpouring of intellectual and scientific accomplishments. By the eighteenth century ...
thinkers such as Francis Hutcheson,
David Hume David Hume (; born David Home; 7 May 1711 NS (26 April 1711 OS) – 25 August 1776) Cranston, Maurice, and Thomas Edmund Jessop. 2020 999br>David Hume" ''Encyclopædia Britannica''. Retrieved 18 May 2020. was a Scottish Enlightenment philo ...
, and
Adam Smith Adam Smith (baptized 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment. Seen by some as "The Father of Economics"——— ...
.


Publication history

The genesis of ''The Fable of the Bees'' was Mandeville's anonymous publication of the poem ''The Grumbling Hive: or, Knaves Turn'd Honest'' on 2 April 1705 as a sixpenny
quarto Quarto (abbreviated Qto, 4to or 4º) is the format of a book or pamphlet produced from full sheets printed with eight pages of text, four to a side, then folded twice to produce four leaves. The leaves are then trimmed along the folds to produc ...
, which was also pirated at a half-penny. In 1714, the poem was included in ''The Fable of the Bees: or, Private Vices, Publick Benefits'', also published anonymously. This book included a commentary, ''An Enquiry into the Origin of Moral Virtue'', and twenty "Remarks". The second edition in 1723 sold at five shillings and included two new parts: ''An Essay on Charity and Charity-Schools'' and ''A Search into the Nature of Society''. This edition attracted the most interest and notoriety. Beginning with the 1724 edition Mandeville included a "Vindication", first published in the ''
London Journal James Boswell's ''London Journal'' is a published version of the daily journal he kept between the years 1762 and 1763 while in London. Along with many more of his private papers, it was found in the 1920s at Malahide Castle in Ireland, and was ...
'', as a response to his critics. Between 1724 and 1732, further editions were published, with changes limited to matters of style, slight alterations of wording, and a few new pages of preface. During this period, Mandeville worked on a "Part II", which consisted of six dialogs and was published in 1729 as ''The Fable of the Bees. Part II. By the Author of the First''. A French translation was published in 1740. The translation, by
Émilie du Châtelet Gabrielle Émilie Le Tonnelier de Breteuil, Marquise du Châtelet (; 17 December 1706 – 10 September 1749) was a French natural philosopher and mathematician from the early 1730s until her death due to complications during childbirth in 1749. ...
, was not particularly faithful to the original; according to Kaye, it was "a free one, in which the Rabelaisian element in Mandeville was toned down". By this time, French literati were familiar with Mandeville from the 1722 translation by Justus van Effen of his ''Free Thoughts on Religion, the Church and National Happiness''. They had also followed the ''Fables scandal in England. The book was especially popular in France between 1740 and 1770. It influenced Jean-François Melon and
Voltaire François-Marie Arouet (; 21 November 169430 May 1778) was a French Age of Enlightenment, Enlightenment writer, historian, and philosopher. Known by his ''Pen name, nom de plume'' M. de Voltaire (; also ; ), he was famous for his wit, and his ...
, who had been exposed to the work in England between 1726 and 1729 and reflected on some of its ideas in his 1736 poem ''
Le Mondain "Le Mondain" ("The Worldling" or "The Man of the World") is a philosophical poem written by French enlightenment writer and philosopher Voltaire in 1736. It satirises Christian imagery, including the story of Adam and Eve, to defend a way of life ...
''. A German translation first appeared in 1761. F. B. Kaye's 1924 edition, based on his
Yale Yale University is a private research university in New Haven, Connecticut. Established in 1701 as the Collegiate School, it is the third-oldest institution of higher education in the United States and among the most prestigious in the wor ...
dissertation and published by Oxford University's
Clarendon Press Oxford University Press (OUP) is the university press of the University of Oxford. It is the largest university press in the world, and its printing history dates back to the 1480s. Having been officially granted the legal right to print books ...
, included extensive commentary and
textual criticism Textual criticism is a branch of textual scholarship, philology, and of literary criticism that is concerned with the identification of textual variants, or different versions, of either manuscripts or of printed books. Such texts may range in ...
. It renewed interest in the ''Fable'', whose popularity had faded through the 19th century. Kaye's edition, a "model of what a fully annotated edition ought to be" and still important to Mandeville studies, was reprinted in 1988 by the American
Liberty Fund Liberty Fund, Inc. is an American private educational foundation headquartered in Carmel, founded by Pierre F. Goodrich. Through publishing, conferences, and educational resources, the operating mandate of the Liberty Fund was set forth in an un ...
.


Synopsis


Poem

''The Grumbling Hive: or, Knaves turn'd Honest'' (1705) is in
doggerel Doggerel, or doggrel, is poetry that is irregular in rhythm and in rhyme, often deliberately for burlesque or comic effect. Alternatively, it can mean verse which has a monotonous rhythm, easy rhyme, and cheap or trivial meaning. The word is deri ...
couplets of eight syllables over 433 lines. It was a commentary on contemporary English society as Mandeville saw it. Economist
John Maynard Keynes John Maynard Keynes, 1st Baron Keynes, ( ; 5 June 1883 – 21 April 1946), was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in ...
described the poem as setting forth "the appalling plight of a prosperous community in which all the citizens suddenly take it into their heads to abandon luxurious living, and the State to cut down armaments, in the interests of Saving". It begins: :A Spacious Hive well stock'd with Bees, :That lived in Luxury and Ease; :And yet as fam'd for Laws and Arms, :As yielding large and early Swarms; :Was counted the great Nursery 5 :Of Sciences and Industry. :No Bees had better Government, :More Fickleness, or less Content. :They were not Slaves to Tyranny, :Nor ruled by wild Democracy; 10 :But Kings, that could not wrong, because :Their Power was circumscrib'd by Laws. The "hive" is corrupt but prosperous, yet it grumbles about lack of virtue. A higher power decides to give them what they ask for: :But Jove, with Indignation moved, :At last in Anger swore, he'd rid 230 :The bawling Hive of Fraud, and did. :The very Moment it departs, :And Honesty fills all their Hearts; This results in a rapid loss of prosperity, though the newly virtuous hive does not mind: :For many Thousand Bees were lost. :Hard'ned with Toils, and Exercise :They counted Ease it self a Vice; :Which so improved their Temperance; 405 :That, to avoid Extravagance, :They flew into a hollow Tree, :Blest with Content and Honesty. The poem ends in a famous phrase: :Bare Virtue can't make Nations live :In Splendor; they, that would revive :A Golden Age, must be as free, :For Acorns, as for Honesty.


Charity schools

In the 1723 edition, Mandeville added ''An Essay on Charity and Charity-Schools''. He criticised
charity school Charity schools, sometimes called blue coat schools, or simply the Blue School, were significant in the history of education in England. They were built and maintained in various parishes by the voluntary contributions of the inhabitants to ...
s, which were designed to educate the poor and, in doing so, instill virtue in them. Mandeville disagreed with the idea that education encourages virtue because he did not believe that evil desires existed only in the poor; rather he saw the educated and wealthy as much more crafty. Mandeville believed that educating the poor increased their desires for material things, defeating the purpose of the school and making it more difficult to provide for them.


Contemporary reception

At the time, the book was considered scandalous, being understood as an attack on Christian virtues. The 1723 edition gained a notoriety that previous editions had not, and caused debate among men of letters throughout the eighteenth century. The popularity of the second edition in 1723 in particular has been attributed to the collapse of the
South Sea Bubble South is one of the cardinal directions or compass points. The direction is the opposite of north and is perpendicular to both east and west. Etymology The word ''south'' comes from Old English ''sūþ'', from earlier Proto-Germanic ''*sunþaz ...
a few years earlier. For those investors who had lost money in the collapse and related fraud, Mandeville's pronouncements about private vice leading to public benefit would have been infuriating. The book was vigorously combatted by, among others, the philosopher
George Berkeley George Berkeley (; 12 March 168514 January 1753) – known as Bishop Berkeley (Bishop of Cloyne of the Anglican Church of Ireland) – was an Anglo-Irish philosopher whose primary achievement was the advancement of a theory he called "immate ...
and the priest
William Law William Law (16869 April 1761) was a Church of England priest who lost his position at Emmanuel College, Cambridge when his conscience would not allow him to take the required oath of allegiance to the first Hanoverian monarch, King George I. P ...
. Berkeley attacked it in the second dialogue of his ''
Alciphron Alciphron ( grc-gre, Ἀλκίφρων) was an ancient Greek sophist, and the most eminent among the Greek epistolographers. Regarding his life or the age in which he lived we possess no direct information whatsoever. Works We possess under the ...
'' (1732). The 1723 edition was presented as a nuisance by the Grand Jury of
Middlesex Middlesex (; abbreviation: Middx) is a Historic counties of England, historic county in South East England, southeast England. Its area is almost entirely within the wider urbanised area of London and mostly within the Ceremonial counties of ...
, who proclaimed that the purpose of the ''Fable'' was to "run down Religion and Virtue as prejudicial to Society, and detrimental to the State; and to recommend Luxury, Avarice, Pride, and all vices, as being necessary to ''Public Welfare'', and not tending to the Destruction of the Constitution". In the rhetoric of the presentment, Mandeville saw the influence of the
Society for the Reformation of Manners The Society for the Reformation of Manners was founded in the Tower Hamlets area of London in 1691.London Journal James Boswell's ''London Journal'' is a published version of the daily journal he kept between the years 1762 and 1763 while in London. Along with many more of his private papers, it was found in the 1920s at Malahide Castle in Ireland, and was ...
''. Other writers attacked the ''Fable'', notably
Archibald Campbell Archibald Campbell may refer to: Peerage * Archibald Campbell of Lochawe (died before 1394), Scottish peer * Archibald Campbell, 2nd Earl of Argyll (died 1513), Lord Chancellor of Scotland * Archibald Campbell, 4th Earl of Argyll (c. 1507–1558) ...
(1691–1756) in his ''Aretelogia''. Francis Hutcheson also denounced Mandeville, initially declaring the ''Fable'' to be "unanswerable"―that is, too absurd for comment. Hutcheson argued that pleasure consisted in "affection to fellow creatures", and not the hedonistic pursuit of bodily pleasures. He also disagreed with Mandeville's notion of
luxury Luxury may refer to: *Luxury goods, an economic good or service for which demand increases more than proportionally as income rises *Luxury tax, tax on products not considered essential, such as expensive cars **Luxury tax (sports), surcharge put ...
, which he believed depended on too austere a notion of virtue. The modern economist
John Maynard Keynes John Maynard Keynes, 1st Baron Keynes, ( ; 5 June 1883 – 21 April 1946), was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in ...
noted that "only one man is recorded as having spoken a good word for it, namely
Dr. Johnson Samuel Johnson (18 September 1709  – 13 December 1784), often called Dr Johnson, was an English writer who made lasting contributions as a poet, playwright, essayist, moralist, literary criticism, critic, biographer, editor and lexicogra ...
, who declared that it did not puzzle him, but 'opened his eyes into real life very much'."
Adam Smith Adam Smith (baptized 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment. Seen by some as "The Father of Economics"——— ...
expressed his disapproval of ''The Fable of the Bees'' in Part VII, Section II of his ''
The Theory of Moral Sentiments ''The Theory of Moral Sentiments'' is a 1759 book by Adam Smith. It provided the ethics, ethical, Philosophy, philosophical, Economics, economic, and Methodology, methodological underpinnings to Smith's later works, including ''The Wealth of Nat ...
''. The reason that
Adam Smith Adam Smith (baptized 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment. Seen by some as "The Father of Economics"——— ...
heavily criticizes Mandeville is that Mandeville mistakes greed as a part of self-interest. Smith claims that, in reality, greed and the self-interest he comments on in the ''
Wealth of Nations ''An Inquiry into the Nature and Causes of the Wealth of Nations'', generally referred to by its shortened title ''The Wealth of Nations'', is the ''magnum opus'' of the Scottish economist and moral philosopher Adam Smith. First published in 1 ...
'' are separate concepts that affect the market very differently. The book reached Denmark by 1748, where a major Scandinavian writer of the period,
Ludvig Holberg Ludvig Holberg, Baron of Holberg (3 December 1684 – 28 January 1754) was a writer, essayist, philosopher, historian and playwright born in Bergen, Norway, during the time of the Dano-Norwegian dual monarchy. He was influenced by Humanism, ...
(1684–1754), offered a new critique of the ''Fable''—one that did not centre on "ethical considerations or Christian dogma". Instead, Holberg questioned Mandeville's assumptions about the constitution of a good or flourishing society: "the question is whether or not a society can be called luxurious in which citizens amass great wealth which is theirs to use while others live in the deepest poverty. Such is the general condition in all the so-called flourishing cities which are reputed to be the crown jewels of the earth." Holberg rejected Mandeville's ideas about human nature—that such unequal states are inevitable because humans have an animal-like or corrupt nature—by offering the example of
Sparta Sparta ( Doric Greek: Σπάρτα, ''Spártā''; Attic Greek: Σπάρτη, ''Spártē'') was a prominent city-state in Laconia, in ancient Greece. In antiquity, the city-state was known as Lacedaemon (, ), while the name Sparta referre ...
, the Ancient Greek city-state. The people of Sparta were said to have rigorous, immaterialistic ideals, and Holberg wrote that Sparta was strong because of this system of virtue: "She was free from internal unrest because there was no material wealth to give rise to quarrels. She was respected and honored for her impartiality and justice. She achieved dominion over the other Greeks simply because she rejected dominion."
Jean-Jacques Rousseau Jean-Jacques Rousseau (, ; 28 June 1712 – 2 July 1778) was a Genevan philosopher, writer, and composer. His political philosophy influenced the progress of the Age of Enlightenment throughout Europe, as well as aspects of the French Revolu ...
commented on the ''Fable'' in his ''
Discourse on the Origin and Basis of Inequality Among Men ''Discourse on the Origin and Basis of Inequality Among Men'' (french: Discours sur l'origine et les fondements de l'inégalité parmi les hommes), also commonly known as the "Second Discourse", is a 1755 work by philosopher Jean-Jacques Roussea ...
'' (1754):
Mandeville sensed very well that even with all their morality men would never have been anything but monsters if nature had not given them pity in support of reason; but he did not see that from this quality alone flow all the social virtues he wants to question in men. In fact, what are generosity, clemency, humanity, if not pity applied to the weak, to the guilty, to the human species in general?
Mandeville sees greed as “beneficial to the public” and he denies men of all social virtues. It is on this latter point that Rousseau counters Mandeville.Rousseau, J.-J., Scott, J. T., Rousseau, J.-J. (2014). The major political writings of Jean-Jacques Rousseau: The two discourses and the Social Contract. The University of Chicago Press. Despite some overlap between Rousseau's work on self-reliance and Mandeville’s ideas, Rousseau identifies that virtues are applications of natural pity: “for is desiring that someone not suffer anything other than desiring to be happy?” Rousseau attacked Mandeville in his ''
Discourse on the Origin and Basis of Inequality Among Men ''Discourse on the Origin and Basis of Inequality Among Men'' (french: Discours sur l'origine et les fondements de l'inégalité parmi les hommes), also commonly known as the "Second Discourse", is a 1755 work by philosopher Jean-Jacques Roussea ...
'' primarily because Mandeville denies man of possessing social virtues. Rousseau counters Mandeville using an admission of Mandeville’s as the basis of his argument. Mandeville admitted that nature provided man with pity. Rousseau uses this admission to point out how clemency, generosity, and humanity are applications of human pity applied. Hence, since Mandeville admits to the existence of pity within humanity he must admit to the existence of, in the least, these virtues of clemency, generosity, and humanity. Rousseau seals the point when he furthers it saying: “Benevolence and friendship are, properly understood, products of a constant pity focused on a particular object:  For is desiring that someone not suffer anything other than desiring that he be happy?” Rousseau identifies that Mandeville’s admittance of pity within humanity must also be an admittance to man possessing altruism. In the 19th century,
Leslie Stephen Sir Leslie Stephen (28 November 1832 – 22 February 1904) was an English author, critic, historian, biographer, and mountaineer, and the father of Virginia Woolf and Vanessa Bell. Life Sir Leslie Stephen came from a distinguished intellectua ...
, writing for the ''
Dictionary of National Biography The ''Dictionary of National Biography'' (''DNB'') is a standard work of reference on notable figures from British history, published since 1885. The updated ''Oxford Dictionary of National Biography'' (''ODNB'') was published on 23 September ...
'' reported that "Mandeville gave great offense by this book, in which a cynical system of morality was made attractive by ingenious paradoxes. ... His doctrine that prosperity was increased by expenditure rather than by saving fell in with many current economic fallacies not yet extinct. Assuming with the ascetics that human desires were essentially evil and therefore produced 'private vices' and assuming with the common view that wealth was a 'public benefit', he easily showed that all civilization implied the development of vicious propensities.


Analysis

As a
satire Satire is a genre of the visual, literary, and performing arts, usually in the form of fiction and less frequently non-fiction, in which vices, follies, abuses, and shortcomings are held up to ridicule, often with the intent of shaming ...
, the poem and commentary point out the
hypocrisy Hypocrisy is the practice of engaging in the same behavior or activity for which one criticizes another or the practice of claiming to have moral standards or beliefs to which one's own behavior does not conform. In moral psychology, it is the ...
of men who promulgate ideas about virtue while their private acts are vices. The degree to which Mandeville's "rigoristic" definitions of
virtue Virtue ( la, virtus) is moral excellence. A virtue is a trait or quality that is deemed to be morally good and thus is valued as a foundation of principle and good moral being. In other words, it is a behavior that shows high moral standard ...
and
vice A vice is a practice, behaviour, or habit generally considered immoral, sinful, criminal, rude, taboo, depraved, degrading, deviant or perverted in the associated society. In more minor usage, vice can refer to a fault, a negative character tra ...
followed those of English society as a whole has been debated by scholars. Kaye suggests that two related concepts of vice are at play in Mandeville's formulation. Christianity taught that a virtuous act was unselfish, and the philosophy of
Deism Deism ( or ; derived from the Latin ''deus'', meaning "god") is the Philosophy, philosophical position and Rationalism, rationalistic theology that generally rejects revelation as a source of divine knowledge, and asserts that Empirical evi ...
suggested that the use of
reason Reason is the capacity of consciously applying logic by drawing conclusions from new or existing information, with the aim of seeking the truth. It is closely associated with such characteristically human activities as philosophy, science, ...
was virtuous because it would naturally reveal theological truth. Mandeville looked for acts of public virtue and could not find them, yet observed that some actions (which must then be vices) led to beneficial outcomes in society, such as a prosperous state. This was Mandeville's paradox, as embedded in the book's subtitle: "Private Vices, Publick Benefits". Mandeville was interested in human nature, and his conclusions about it were extreme and scandalous to 18th-century Europeans. He saw humans and animals as fundamentally the same: in a state of nature, both behave according to their passions or basic desires. Man was different, though, in that he could learn to see himself through others' eyes, and thus modify his behaviour if there were a social reward for doing so. In this light Mandeville wrote of the method by which the selfish instincts of "savage man" had been subdued by the political organization of society. It was in the interest of those who had selfish motives, he argued, to preach virtuous behavior to others: To critics it appeared that Mandeville was promoting vice, but this was not his intention. He said that he wanted to "pull off the disguises of artful men" and expose "the hidden strings" that guided human behaviour. Nevertheless he was seen as a "modern defender of licentiousness", and talk of "private vices" and "public benefits" was common among the educated public in England.


As literature

Less attention has been paid to the literary qualities of Mandeville's book than to his argument. Kaye called the book "possessed of such extraordinary literary merit" but focused his commentary on its implications for
moral philosophy Ethics or moral philosophy is a branch of philosophy that "involves systematizing, defending, and recommending concepts of right and wrong behavior".''Internet Encyclopedia of Philosophy'' The field of ethics, along with aesthetics, concerns ma ...
, economics, and
utilitarianism In ethical philosophy, utilitarianism is a family of normative ethical theories that prescribe actions that maximize happiness and well-being for all affected individuals. Although different varieties of utilitarianism admit different charact ...
. Harry L. Jones wrote in 1960 that the ''Fable'' "is a work having little or no merit as literature; it is a doggerel, pure and simple, and it deserves no discussion of those aspects of form by which art can be classified as art".


Economic views

Mandeville is today generally regarded as a serious economist and philosopher. His second volume of ''The Fable of the Bees'' in 1729 was a set of six dialogs that elaborated on his socio-economic views. His ideas about the
division of labor The division of labour is the separation of the tasks in any economic system or organisation so that participants may specialise (specialisation). Individuals, organizations, and nations are endowed with, or acquire specialised capabilities, and ...
draw on those of
William Petty Sir William Petty FRS (26 May 1623 – 16 December 1687) was an English economist, physician, scientist and philosopher. He first became prominent serving Oliver Cromwell and the Commonwealth in Ireland. He developed efficient methods to su ...
, and are similar to those of
Adam Smith Adam Smith (baptized 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment. Seen by some as "The Father of Economics"——— ...
. Mandeville says: The poem suggests many key principles of economic thought, including
division of labor The division of labour is the separation of the tasks in any economic system or organisation so that participants may specialise (specialisation). Individuals, organizations, and nations are endowed with, or acquire specialised capabilities, and ...
and the "
invisible hand The invisible hand is a metaphor used by the British moral philosopher Adam Smith that describes the unintended greater social benefits and public good brought about by individuals acting in their own self-interests. Smith originally mention ...
", seventy years before these concepts were more thoroughly elucidated by
Adam Smith Adam Smith (baptized 1723 – 17 July 1790) was a Scottish economist and philosopher who was a pioneer in the thinking of political economy and key figure during the Scottish Enlightenment. Seen by some as "The Father of Economics"——— ...
.Smith does not cite Mandeville in "Wealth of Nations", but
Edwin Cannan Edwin Cannan (3 February 1861, Funchal, Madeira – 8 April 1935, Bournemouth), the son of David Cannan and artist Jane Cannan, was a British economist and historian of economic thought. He was a professor at the London School of Economics from 1 ...
, editor of the 1904 edition, notes in several places where Smith appears to have been influenced by Mandeville. See notes in at pp. 3, 10, 12, 14, and 102. Adam Smith was familiar with Mandeville's work early on, as he discusses it in his ''Theory of Moral Sentiments'': Part VII, Section II, Chapter 4 ('Of licentious systems')
online
Two centuries later,
John Maynard Keynes John Maynard Keynes, 1st Baron Keynes, ( ; 5 June 1883 – 21 April 1946), was an English economist whose ideas fundamentally changed the theory and practice of macroeconomics and the economic policies of governments. Originally trained in ...
cited Mandeville to show that it was "no new thing ... to ascribe the evils of unemployment to ... the insufficiency of the propensity to consume", a condition also known as the ''
paradox of thrift The paradox of thrift (or paradox of saving) is a paradox of economics. The paradox states that an increase in autonomous saving leads to a decrease in aggregate demand and thus a decrease in gross output which will in turn lower ''total'' saving. ...
,'' which was central to his own theory of
effective demand In economics, effective demand (ED) in a market is the demand for a product or service which occurs when purchasers are constrained in a different market. It contrasts with notional demand, which is the demand that occurs when purchasers are not ...
.


Notes


References

* * * * * * * *


External links

* * *
Text of poem, with notes
– in PDF format
''Hutcheson, Smith and the Division of Labor''
(commentary by Peter C. Dooley,
University of Saskatchewan A university () is an institution of higher (or tertiary) education and research which awards academic degrees in several academic disciplines. Universities typically offer both undergraduate and postgraduate programs. In the United States, t ...
)
Discussion of the work
on BBC Radio Four's ''
In Our Time In Our Time may refer to: * ''In Our Time'' (1944 film), a film starring Ida Lupino and Paul Henreid * ''In Our Time'' (1982 film), a Taiwanese anthology film featuring director Edward Yang; considered the beginning of the "New Taiwan Cinema" * ''In ...
'' {{DEFAULTSORT:Fable Of The Bees 1714 books Economics books Satirical books 1705 poems British political satire 1714 in economics Preclassical economics British satirical poems