An inquiry into the permanent causes of the decline and fall of powerful and wealthy nations : $b Designed to shew how the prosperity of the British empire may be prolongedPlayfair, William
Philosophy
An inquiry into the permanent causes of the decline and fall of powerful and wealthy nations : $b Designed to shew how the prosperity of the British empire may be prolonged
Playfair, William
Economics; Great Britain -- Economic conditions; History -- Philosophy
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{150} In common life, this difference, between carrying money and
necessaries, is perfectly well understood, but it is experience that is
the teacher; and the rough countryman, or woman, when they have the
opportunity of judging from fact, understand the motives as well as
the most profound and ingenius =sic= writer on political economy.
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[end of page #182]
when their industry can be both applied, with any degree of equality,
to the same object, the poor supplies the rich, and therefore increases
its own wealth.
It is thus that great numbers of the people in London are fed with
butcher-meat from Scotland, and wear shoes from Yorkshire; but there
would be a very limited sale in either of those places for meat from
Smithfield, or shoes manufactured in London. {151}
This diminution of the value of money, that takes place in all rich
countries, serves farther to increase the advantage of poorer ones in
manufacturing, and accelerates the natural effect of competition,
which is facilitated, as has been said, by the capital of the rich country
giving activity to the industry of the poorer one.
This last neither can be called an exterior nor an interior cause, as it is
derived entirely from the relative situations of the two countries, and
belongs to both, or originates in both; but, as it raises the poor nation
nearer the level of the rich one, its effect gradually becomes less
powerful. Though there is no means of preventing the operation of
two nations coming nearly to a level by this means, yet it does not
appear to be a necessary consequence that the nation that was the
richer should become the poorer. As this, however, has been a general
case, we must conclude it to be a natural one, but there we stop, and
make a distinction between what is natural only, and what is a
necessary effect. Their coming to a level was a necessary effect; but,
though the other may be natural, it cannot be necessary, and therefore
may be counteracted; to find the means of doing this, is all that is
proposed by the present inquiry.
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{151} If it was not for taxes and rent, that are chiefly spent in large
towns, as well as law-expenses, and the prices of luxuries, of dress,
and furniture, the cities, like London, would soon be reduced.
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[end of page #183]
CHAP. XII.
_Conclusion of exteror Causes.--Are seldom of much Importance,
unless favoured by interior ones.--Rich Nations, with care, capable,
in most Cases, of prolonging their Prosperity.--Digression on the
Importance of Public Revenue, illustrated by a statistical Chart_.
The exterior causes of the decline of any nation, that has risen above
its level, though formidable, are nothing, in comparison to the interior
causes, and are of no great effect without their co-operation.
Public-domain text, read in full here on John Shaqi.
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