solovyov

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Solovyov on Economic Morality


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Towards the end of his life, the 19th century Russian philosopher Vladimir Solovyov published his “On the Justification of the Good: An Essay on Moral Philosophy” (1897). In this book, wrote historian Paul Valliere, Solovyov abandonded his vision of a “worldwide theocratic order” in favor of the more concrete demands of building a just society. With “Justification of the Good,” Solovyov (1853-1900) presented a general theory of economic and social welfare based on the idea that all human beings have “a right to a dignified existence.”

The following excerpt is from the chapter, “The Economic Question from the Moral Point of View” in Solovyov’s “On the Justification of the Good.” Translated by Nathalie A. Duddington; annotated and edited by Boris Jakim; foreword by David Bentley Hart. Wm. B. Eerdmans (2005).

For the true solution of the so-called ‘social question’ it must in the first place be recognized that economic relations contain no special norm of their own, but are subject to the universal moral norm as a special realm in which they find their application. The triple moral principle which determines our due relation towards God, men, and the material nature is wholly and entirely applicable in the domain of economics. The peculiar character of economic relations gives a special importance to the last member of the moral trinity, namely, the relation to the material nature or earth (in the wide sense of the term). This third relation can have a moral character only if it is not isolated from the first two but is conditioned by them in the normal position.

The realm of economic relations is exhaustively described by the general ideas of production (labor and capital), distribution of property, and exchange of values. Let us consider these fundamental ideas from the moral point of view, beginning with the most fundamental of them — the idea of labor. We know that the first impulse of labor is given by material necessity. But for a man who recognizes above himself the absolutely perfect principle or reality, or the will of God, all necessity is an expression of that will.

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