The World's Greatest Books — Volume 14 — Philosophy and Economics — Story, Setting & Ideas
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Charlemagne had formed an alliance with the Holy See against the Lombards and the factions of the nobles in Rome. A union thus arose between the spiritual and the secular power, and a kingdom of heaven on earth promised to follow in the wake of this conciliation. But just at this time, instead of a spiritual kingdom of heaven, the inwardness of the Christian principle wears the appearance of being altogether directed outwards, and leaving its proper sphere.
Christian freedom is perverted to its very opposite, both in a religious and secular respect; on the one hand to the severest bondage, on the other to the most immoral excess--a barbarous intensity of every passion. The first half of the sixteenth century marks the beginning of the third period. Secularity appears now as gaining a consciousness of its intrinsic worth; it becomes aware that it possesses a value of its own in the morality, rectitude, probity, and activity of man. The consciousness of independent validity is aroused through the restoration of Christian freedom.
The Christian principle has now passed through the terrible discipline of culture, and it first attains truth and reality through the Reformation. This third period extends to our own times. The principle of free spirit is here made the banner of the world, and from this principle are evolved the universal axioms of reason. Formal thought--the understanding--had been already developed, but thought received its true material first with the Reformation. From that Epoch thought began to gain a culture properly its' own; principles were derived from it which were to be the norm for the constitution of the state. Political life was now to be consciously regulated by reason. Customary morality, traditional usage, lost their validity; the various claims insisted upon must prove their legitimacy as based on rational principles.
These epochs may be compared with the earlier empires. In the German aeon, as the realm of totality, we see the earlier epochs resumed. Charlemagne's time may be compared with the Persian Empire; it is the period of substantive unity, this unity having its foundation in the inner man, the heart, and both in the spiritual and the secular still abiding in its simplicity. To the Greek world and its merely ideal unity the time preceding Charles V. answers; where real unity no longer exists, because all phases of particularity have become fixed in privileges and peculiar rights As, in the interior of the realms themselves, the different estates of the realm, with their several claims, are isolated, so do the various states in their foreign aspects occupy a merely external relation one to another. A diplomatic policy arises which, in the interest of a European balance of power, unites them with and against each other. It is the time in which the world becomes clear and manifest to all (discovery of America).
So, too, does consciousness gain clearness in the super-sensuous world, and respecting it. Substantial objective religion brings itself to sensuous clearness in the sensuous element (Christian art), and also becomes clear to itself in the element of inmost truth. We may compare this time with that of Pericles. The introversion of spirit begins (Socrates--Luther), though Pericles is wanting in this epoch. Charles V. possesses enormous possibilities in point of outward appliances, and appears absolute in his power; but the inner spirit of Pericles, and therefore the absolute means of establishing a free sovereignty, is not in him. This is the epoch when spirit becomes clear to itself in separations occurring in the realm of reality; now the distinct elements of the German world manifest their essential nature.
The third epoch may be compared to the Roman world. The authority of national aim is acknowledged, and privileges melt away before the common object of the state.
Spirit at last perceives that nature--the world--must be an embodiment of reason. An interest in the contemplation and comprehension of the present world became universal. Thus experimental science became the science of the world; for experimental science involves, on the one hand, the observation of phenomena; on the other hand, also the discovery of the law, the essential being, the hidden force, that causes those phenomena--thus reducing the data supplied by observation to their simple principles. Intellectual consciousness was first extricated by Descartes from that sophistry of thought which unsettles everything. As it was the purely German nations among whom the principle of spirit first manifested itself, so it was by the Romanic nations that the abstract idea was first comprehended.
Experimental science, therefore, very soon made its way among them, in common with the Protestant English, but especially among the Italians. It seemed to men as if God had but just created the moon and stars, plants and animals; as if the laws of the universe were now established for the first time; for only then did they feel a real interest in the universe when they recognised their own reason in the reason that pervades it. The human eye became clear, perception quick, thought active and interpretative. The discovery of the laws of nature enabled men to contend against the monstrous superstition of the time, as also against all notions of mighty alien powers which magic alone could conquer.
The independent authority of subjectivity was maintained against belief founded on authority, and the laws of nature were recognised as the only bond connecting phenomena with phenomena. Man is at home in nature, and that alone passes for truth in which he finds himself at home; he is free through the acquaintance he has gained with nature.
Nor was thought less vigorously directed to the spiritual side. Right and social morality came to be looked upon as having their foundation in the actual present will of man, whereas formerly it was referred only to the command of God enjoined _ab extra_, written in the Old or New Testament, or appearing in the form of particular right, as opposed to that based on general principles, in old parchments as _privilegia_, or in international compacts. Luther had secured to mankind spiritual freedom, and the reconciliation of the objective and the subjective in the concrete. He had triumphantly established the position that man's eternal destiny must be wrought out in himself. But the import of that which is to take place in him--what truth is to become vital to him--was taken for granted by Luther, as something already given, something revealed by religion. Now the principle was set up that this import must be capable of actual investigation, and that to this basis of inward demonstration every dogma must be referred.
This is the point which consciousness has attained, and these are the principal phases of that form in which the principle of freedom has realised itself, for the history of the world is nothing but the development of the idea of freedom. But objective freedom--the laws of "real" freedom--demands the subjugation of the mere contingent will, for this is in its nature formal. If the objective is in itself rational, human insight and conviction must correspond with the reason which it embodies, and then we have the other essential element--subjective freedom--also realised. We have confined ourselves to the consideration of that progress of the idea which has led to this consummation. Philosophy concerns itself only with the glory of the idea mirroring itself in the history of the world, and with the development which the idea has passed through in realising itself--_i.e._, the idea of freedom, whose reality is the consciousness of freedom and nothing short of it.
That the history of the world, with all the changing scenes which its annals present, is this true process of development and the realisation of spirit--this is the true _Theodikaia_, the justification of God in history. The spirit of man may be reconciled with the course of universal history only by perception of this truth--that all which has happened, all that happens daily, is not only not without God, but is essentially His work.
Essays, Moral and Political
David Hume, the Scottish philosopher and historian, was born at Edinburgh, April 26, 1711, and was educated at the college there. He tried law and business without liking either, and at the age of 23 went to France, where he wandered about for a while occupied with dreams of philosophy. In 1739 he published the first part of his "Treatise on Human Nature." The book set an army of philosophers at work trying either to refute what he had said or continue lines that he had suggested, and out of them were created both the Scotch and German schools of metaphysicians. Hume's "Essays, Moral and Political," appeared in 1741-42, and followed closely upon what he described as the "dead-born" "Treatise on Human Nature," the success of the former going a long way towards compensating him for the failure of the latter. In the advertisement to a posthumous edition Hume complains that controversialists had confined their attacks to the crude, earlier treatise, and expressed the desire that for the future the "Essays" might alone be regarded as containing his philosophical sentiments and principles. In the "Essays" Hume brings to bear the results of his criticism upon the problems of current speculative discussion. The argument against miracles is still often discussed; and the work is well worthy of the author whom many regard as the greatest thinker of his time. In 1751 he published his "Inquiry Into the Principles of Morals," which is one of the clearest expositions of the leading principles of what is termed the utilitarian system. Hume died on August 25, 1776.
_I.--Doubts Concerning the Understanding_
All the objects of human reason or inquiry may naturally be divided into two kinds--to wit, _relations of ideas_ and _matters of fact_. Of the first kind are the sciences of geometry, algebra, and arithmetic, and, in short, every affirmation which is either intuitively or demonstratively certain. "That the square of the hypotenuse is equal to the squares of the two sides" is a proposition which expresses a relation between these figures. "That three times five is equal to the half of thirty" expresses a relation between these numbers. Propositions of this kind are discoverable by the mere operation of thought, without dependence on what is anywhere existent in the universe. Though there never were a circle or triangle in nature, the truths demonstrated by Euclid would for ever retain their certainty and evidence.
Matters of fact, which are the second objects of human reason, are not ascertained in the same manner; nor is our evidence of their truth, however great, of a like nature with the foregoing. The contrary of every matter of fact is still possible, because it can never imply a contradiction, and is conceived by the mind with the same facility and distinctness as if ever so conformable to reality. "That the sun will not rise to-morrow" is no less intelligible a proposition, and implies no more contradiction, than the affirmative that "it will rise." We should in vain, therefore, attempt to demonstrate its falsehood. Were it demonstratively false, it would imply a contradiction, and could never be distinctly conceived by the mind.
It may, therefore, be a subject worthy of curiosity to inquire what is the nature of that evidence which assures us of any real existence of matters of fact beyond the present testimony of our senses, or the records of our memory. All reasonings concerning matter of fact seem to be founded on the relation of _cause_ and _effect_. If we would satisfy ourselves, therefore, concerning the nature of that evidence which assures us of matters of fact, we must inquire how we arrive at the knowledge of cause and effect.
I shall venture to affirm, as a general proposition which admits of no exception, that the knowledge of this relation is not, in any instance, attained by reasonings _a priori_, but arises entirely from experience.
To convince us that all the laws of nature, and all the operations of bodies without exception, are known only by experience, the following reflections may perhaps suffice. Were any object presented to us, and were we required to pronounce concerning the effect which will result from it, without consulting past observation, after what manner, I beseech you, must the mind proceed in this operation? It must invent or imagine some event, which it ascribes to the object as its effect; and it is plain that this invention must be entirely arbitrary. The mind can never possibly find the effect in the supposed cause by the most accurate scrutiny and examination. For the effect is totally different from the cause, and, consequently, can never be discovered in it.
A stone or piece of metal raised into the air and left without any support immediately falls. But, to consider the matter _a priori_, is there anything we discover in this situation which can beget the idea of a downward rather than an upward, or any other motion, in the stone or metal?
In a word, then, every effect is a distinct event from its cause. It could not, therefore, be discovered in the cause, and the first invention or conception of it, _a priori_, must be entirely arbitrary. And, even after it is suggested, the conjunction of it with the cause must appear equally arbitrary, since there are always many other effects which to reason must seem fully as consistent and natural. In vain, therefore, should we pretend to determine any single event, or infer any cause or effect, without the assistance of observation and experience.
Hence, we may discover the reason why no philosopher who is rational and modest has ever pretended to assign the ultimate cause of any natural operation, or to show distinctly the action of that power which produces any single effect in the universe.
I say, then, that even after we have experience of the operations of cause and effect, our conclusions from that experience are _not_ founded on reasoning, or any process of the understanding.
The bread which I formerly ate nourished me; that is, a body of such sensible qualities was at that time endued with such secret powers; but does it follow that other bread must also nourish me at another time, and that like sensible qualities must always be attended with like secret powers? The consequence seems nowise necessary. At least, it must be acknowledged that there is here a consequence drawn by the mind, that there is a certain step taken; a process of thought, and an inference which wants to be explained.
These two propositions are far from being the same: "I have found that such an object has always been attended with such an effect," and: "I foresee that other objects, which are in appearance similar, will be attended with similar effects." I shall allow, if you please, that the one proposition may justly be inferred from the other; I know, in fact, that it always is inferred. But you must confess that the inference is not intuitive; neither is it demonstrative. Of what nature is it, then? To say it is experimental is begging the question. For all inferences from experience suppose, as their foundation, that the future will resemble the past, and that similar powers will be conjoined with similar sensible qualities.
If there be any suspicion that the course of nature may change, and that the past may be no rule for the future, all experience becomes useless, and can give rise to no inference or conclusion. It is impossible, therefore, that any arguments from experience can prove this resemblance of the past to the future, since all these arguments are founded on the supposition of that resemblance. Let the course of things be allowed hitherto ever so regular, that alone, without some new argument or inference, proves not that for the future it will continue so. In vain do you pretend to have learned the nature of bodies from your past experience. Their secret nature, and consequently all their effects and influence, may change without any change in their sensible qualities. This happens sometimes, and with regard to some objects. Why may it not happen always, and with regard to all objects? What logic, what process of argument, secures you against this supposition? My practice, you say, refutes my doubts. But you mistake the purport of my question. As an agent, I am quite satisfied on the point; but as a philosopher, who has some share of curiosity, I will not say scepticism, I want to learn the foundation of this inference.
All inferences from experience are effects of custom, not of reasoning. We have already observed that nature has established connections among particular ideas, and that no sooner one idea occurs to our thoughts than it introduces its correlative, and carries our attention towards it by a gentle and insensible movement. These principles of connection or association we have reduced to three--namely, _resemblance_, _contiguity_, and _causation_, which are the only bonds that unite our thoughts together and beget that regular train of reflection or discourse which, in a greater or less degree, takes place among mankind.
Now, here arises a question on which the solution of the present difficulty will depend. Does it happen in all these relations that when one of the objects is presented to the senses or memory the mind is not only carried to the conception of the correlative, but reaches a steadier and stronger conception of it than otherwise it would have been able to attain? This seems to be the case with that belief which arises from the relation of cause and effect. And I shall add that it is conformable to the ordinary wisdom of nature to secure so necessary an act of the mind by some instinct or mechanical tendency, which may be infallible in its operations, may discover itself at the first appearance of life and thought, and may be independent of all the laboured deductions of the understanding.
A wise man proportions his belief to the evidence. In such conclusions as are founded on an infallible experience he expects the event with the last degree of assurance, and regards his past experience as a full _proof_ of the future existence of that event.
In other cases he proceeds with more caution. He weighs the opposite experiments. He considers which side is supported by the greatest number of experiments; to that side he inclines with doubt and hesitation, and when at last he fixes his judgment, the evidence exceeds not what we properly call _probability_. All probability, then, supposes an opposition of experiments and observations, where the one side is found to overbalance the other, and to produce a degree of evidence proportioned to the superiority.
When the fact attested is such a one as has seldom fallen under our observation, here is a contest of two possible experiences, of which the one destroys the other as far as its force goes, and the superior can only operate on the mind by the force which remains. The very same principle of experience which gives us a certain degree of assurance in the testimony of witnesses gives us also, in this case, another degree of assurance against the fact which they endeavour to establish, from which consideration there necessarily arises a counterpoise, and mutual destruction of belief and authority.
But in order to increase the probability against the testimony of witnesses, let us suppose that the fact which they affirm, instead of being only marvellous, is really miraculous; and suppose also that the testimony, considered apart and in itself, amounts to an entire proof, of which the strongest must prevail, but still with a diminution of its force in proportion to that of its antagonist.
A miracle is a violation of the laws of nature; and as a firm and unalterable experience has established these laws, the proof against a miracle, from the very nature of the fact, is as entire as any argument from experience can possibly be imagined. Why is it more than probable that all men must die; that lead cannot of itself remain suspended in the air; that fire consumes wood, and is extinguished by water; unless it be that these events are found agreeable to the laws of nature, and there is required a violation of these laws, or, in other words, a miracle, to prevent them?
This volume, the fourteenth in a series, presents condensed versions of landmark texts in philosophy and economics, from Hegel’s lectures on history to Adam Smith’s Wealth of Nations. The editorial approach is evident in the opening of Bentham’s entry, where the summary foregrounds his “calculation of pleasures and pains” and the four “sanctions” (physical, political, moral, religious). The excerpts show a consistent pattern: each work is introduced by a brief biographical sketch, then a digest of key arguments, often in the author’s own words. The catalog subjects—Philosophy and Economics—are accurate, but the treatment is introductory, aimed at a general reader rather than a specialist.
Biographical Framing and Its Limits
Each entry in this collection begins with a short life of the author, typically two to three paragraphs. For Hegel, we learn he was “educated at Tübingen for the ministry” and that his first major work was the Phenomenology (1807). Bentham’s biography notes his failure at the Bar and the publication of A Fragment on Government in 1776. These sketches are factual but selective; they do not engage with the nuances of the philosophers’ later careers or the reception of their ideas. The biographical frame serves to situate the work historically, but the excerpts themselves rarely connect the life to the ideas presented. For instance, Hegel’s lecture opening—“Our business and vocation”—is quoted without context from his Berlin appointment. The reader is left to infer the significance of such details.
Condensed Arguments and Editorial Voice
The core of each entry is a summary that often retains the author’s own phrasing. In Bentham’s case, the text states: “Mankind is governed by pain and pleasure. Utility is that property in anything which tends to produce happiness.” This is a direct echo of Bentham’s opening lines. However, the editorial hand is visible in the structuring: the summary breaks Bentham’s argument into numbered points (intensity, duration, certainty, etc.), a clarity that Bentham himself did not always provide. Similarly, the Hegel excerpt is a patchwork of direct quotation and paraphrase. The editors prioritize readability over completeness, omitting Hegel’s dialectical machinery. The result is a digest that conveys the gist but flattens the original’s complexity.
Selection and Omission in the Economics Section
The economics half of the volume includes works by Bellamy, Bentham, Bloch, Burke, Comte, George, Hobbes, Machiavelli, Malthus, Marx, Mill, Montesquieu, More, Paine, Rousseau, and Smith. The excerpts show a preference for works with clear, programmatic theses. For example, Bellamy’s Looking Backward is represented by a romantic subplot—Edith Leete’s love for the protagonist—rather than its economic critique. This choice suggests the editors valued narrative appeal over doctrinal exposition. In contrast, Marx’s Capital is likely summarized more technically. The catalog subject “economics-business” is broad, but the selection leans toward foundational texts of political economy, omitting later developments. The volume thus offers a canon of 19th-century thought, with little from the 20th century.
Readers should approach this volume as a curated introduction, not a substitute for the originals. The biographical sketches and condensed arguments provide a useful map of key thinkers, but the editorial choices—what is included, what is omitted, and how ideas are simplified—shape the reader’s understanding. Comparing the summaries with the full texts can reveal how the editors constructed their narratives. This volume is best used as a starting point for further exploration, not as a definitive reference.
For years, the old compendium sat on my desk, its abridged Bentham and Marx a tidy map of grand systems. And yet, I always felt the quiet pulse beneath those extracted arguments—that urge to trace living ideas to their roots. That same pulse beats in The Influence of Darwin on Philosophy, and other essays in contemporary thought — Key Ideas to Explore, where thought itself feels restless, organic, unfinished. A natural companion, that one.
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