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
The legislature of the United States of America has, indeed, in this
case, done full justice to the encouragement of arts and to inventions;
but circumstances, as has been already said, make other objects more
advantageous for the employment of labour and skill in that country.
For these reasons, therefore, we may look forward with some
confidence, to the flourishing of arts and manufactures, for a long
term of years, if the same attention that has been paid to their
encouragement still continues; but neither this advantage alone, nor all
the advantages united, that have been enumerated, will be sufficient to
preserve our superiority, if those, who regulate the affairs of the
country, do not favour them.
It is in consequence of great pains and care, that manufactures have
flourished in this country, and they cannot be preserved without a
continuation of the same care, although it is individual effort that
appears to be the principal cause. Thus, the travellers, on a well-made
highway, proceed with rapidity and ease, at their individual expense,
and by their individual energy; but, if the road is not kept in repair,
their progress must be impeded, and their efforts will cease to produce
the same effect, for they cannot individually repair the road.
Such appear to be the peculiar circumstances that favour Great
Britain; and that under disadvantages that are also peculiarly great,
give hopes of prolonging the prosperity of the country.
There is still, however, something wanting to increase our advantage.
Any person acquainted with the manufactures of England will
naturally have observed, that they are all such as meet with a market
in this country. We have no mannfactories =sic= for goods, for the
sole [end of page #273] purpose of our foreign markets; so that,
though we consider ourselves as so much interested in foreign trade,
yet we have adapted all our manufacturies, expressly, as if it were to
supply the home market.
This observation will be found to apply very generally, though there
are a few exceptions, and though the quality of the goods
manufactured, and intended for exportation, is adapted to the market
for which they are destined. This last, indeed, is very natural, nor
could it well be otherwise, but that is not going half the length
necessary.
Public-domain text, read in full here on John Shaqi.
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