A. The System of Needs
Particularity, at first, as determined in opposition to the universal of the will in general (§ 60), is subjective need, which attains its objectivity — that is, satisfaction — through the means of α) external things, which are now likewise the property and product of other needs and wills, and β) through activity and labour, as that which mediates the two sides. Since its purpose is the satisfaction of subjective particularity, but universality asserts itself in its relation to the needs and the free arbitrary will of others, this shining of rationality into this sphere of finitude is the understanding — the aspect that matters in the consideration [of this sphere], and which constitutes the reconciling [element] within this sphere itself.
Political economy is the science that takes its point of departure from these viewpoints, but which then has to set forth the relationship and movement of the masses in their qualitative and quantitative determinacy and entanglement. — This is one of the sciences that has arisen in recent times, [taking these matters] as its ground. Its development shows the interesting spectacle of how thought (see Smith, Say, Ricardo)1 finds out, from the infinite mass of particulars that at first lie before it, the simple principles of the matter — the understanding effective within it and governing it. — Just as, on the one hand, it is the reconciling [element] to recognize, within the sphere of needs, this shining of rationality that lies within, and is at work in, the matter itself, so, conversely, this is the field on which the understanding of subjective purposes and moral opinions vents its dissatisfaction and moral peevishness.
- Adam Smith, An Inquiry into the Nature and Causes of the Wealth of Nations, 1776; Jean Baptiste Say, Traité d’économie politique, 1803; David Ricardo, On the Principles of Political Economy, and Taxation, 1817. ↩︎

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