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 wealth obtained by the other means, of which the trade to the East
seems to have been the chief, produced a different effect. In Italy it
occasioned the invention of bills of exchange, and gave
encouragement to the fine arts, and to some manufactures. In the north
of Europe it infused a general spirit for trade and manufactures; for the
luxuries of the East only served to teach the people of the north the
necessity of acquiring comfort by manufacturing the produce of their
own country.
To improve the arts of weaving, to make woollen and linen cloths of a
finer texture, was very natural, after having seen the silks and muslins
that came from India; particularly to people living in a cold climate,
where a more substantial covering was wanted, and where the
materials were in abundance.
It was, accordingly, in Flanders, and the adjacent country, that the
modern spirit of manufactures rose up, nourished by the wealth which
the ancient commerce of India had produced.
In the early ages, when the Tyrians had this trade, they amassed great
wealth, though they had not any large countries to supply; for,
probably, neither Egypt nor the eastern part of Syria would receive the
produce by so circuitous a road. But, during the first ages, sacrifices to
the gods and the funeral ceremonies consumed vast quantities of
aromatics of every sort, as well as the enjoyments of the living. The
two former causes of request for aromatics have long been at an end,
owing to the changes in religion. They are now neither burned on the
altar nor at the grave; and custom and taste, which are to a certain [end
of page #59] degree variable and arbitrary, have lessened the
consumption of some, and others have been supplied by the progress
that we have ourselves made in manufactures. {56}
While this diminution of consumption took place, the western world
was advancing in civilization, and the progress of wealth became
vastly more extended; so that if the consumers of eastern luxuries
were less profuse in the use of them, they were, at the same time,
greatly increased in number.
The taste for tea, alone, which was introduced not much above a
century ago, has alone, overbalanced all the others, and it is still
augmenting in Europe; besides the discovery of a new quarter of the
world rapidly increasing in population, into which the custom of
drinking tea, as in Britain, has been introduced also.
The reasonable price at which an article can be afforded, always
augments the consumption: and though we have no criterion to go by
in judging of the prices in former times, yet it is certain they must
have been very great. At the time when silk was sold for its weight in
gold, that metal was compared with common labour of six times the
value that it is now; silk was, then, at least three hundred times as dear
as it is now; indeed, even that extravagant price scarcely accounts for
the parsimony of the Roman emperor, who refused his wife a robe of
that rich material. {57}
Public-domain text, read in full here on John Shaqi.
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