![]() For Smith, ‘By pursuing his own interest he frequently promotes that of the society more effectually than when he really intends to promote it’ it is as if an invisible hand is guiding the merchants’ promotion of the public good. Hence, when merchants trade goods for their self-interest, they increase the wealth of the whole state. Smith, in the section of the Wealth of Nations where he discusses the ‘invisible hand’, he explains first that the annual revenue of a state is the sum of its produce or the exchangeable value of it. Just like Smith, Mandeville’s core idea is that the unintended impact of the many serving their own interests, as merchants in the market system, is positive. The relation to Adam Smith’s ‘invisible hand’ is obvious. Mandeville concludes that ‘fools only strive to make great an honest hive…fraud luxury, and pride must live, while we the benefits receive’. What remains of the once so powerful hive is a hollow tree. In sum, the people no longer spend money on luxury goods-which Mandeville views as everything that is not immediately necessary-this puts many out of jobs, meaning they can no longer support themselves and starve to death. There is no more innovation and little manufacturing, as the now-frugal bees are content with the bare minimum. Similarly, bees no longer go to taverns to spend their money on alcohol, which leads to pubs closing. Rich bees no longer spend money on luxury goods, such as great houses, which destroys the building industry. ![]() Many bees lose their jobs, as there is less economic activity due to the frugal nature of traditional Christian virtue. Then honesty and traditional virtue is introduced in the hive, which undermines its power. Nevertheless, this vicious hive was the envy of all other hives, due to its strong economy and large population. As Mandeville pointedly states: ‘Thus every Part was full of Vice, Yet the whole Mass a Paradise’. For instance, doctors are in their profession for the fame, not for benevolence politicians are all corrupt lawyers wanted to create more feuds, instead of ensuring peace. He concludes this through examining a bee hive, which was a traditional symbol of a hard-working eighteenth-century citizen, who was fully dedicated to the state, valuing the whole over themselves.Īt the start of the Fable, the hive is very successful, powerful and prosperous, even though-or because-all bees follow their self-interest. Mandeville argued, as the full title of the Fable suggests, that, without noticing, seemingly selfish acts of individuals are necessary for a prosperous and thriving society in short, personal vices make a whole society successful. Its underlying doctrine, that there are unintended positive consequences of self-motivated action, can be viewed as a precursor to Adam Smith’s ‘invisible hand’. ![]() Mandeville’s Fable, which may have been a direct reaction to de Witt’s treatise, amounts to a scathing critique of republicanism, civic virtue, and mercantilism. Johan de Witt, a Dutch republican, published the Fly and Ant in 1703, which contrasted the nature of flies-consumers, who are addicted to commercial goods and though they may eat jam at times, their life is short, as they are ultimately killed by humans-with the nature of ants-who are hard-working and virtuous, sustaining their states-to show the advantages of republics. Mandeville was critiquing republicanism and its emphasis on a frugal society focused on civic virtue. It was so scandalous at the time that it is said only one person, Dr Johnson, publicly praised the work. In 1705 he published The Grumbling Hive, which he later developed into The Fable of the Bees: or Private Vices, Publick Benefits (1714). Mandeville was born in 1670 in Rotterdam, the Netherlands, where he studied medicine before moving to London in the late 1690s. Bernard Mandeville is one of the most controversial and interesting thinkers of the eighteenth-century.
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