An Inquiry into the Principles of Political Oeconomy (Vol. 1 of 2): Being an essay on the science of domestic policy in free nations. In which are particularly considered population, agriculture, trade, industry, money, coin, interest, circulation, banks, exchange, public credit, and taxesSteuart, James, Sir
History
An Inquiry into the Principles of Political Oeconomy (Vol. 1 of 2): Being an essay on the science of domestic policy in free nations. In which are particularly considered population, agriculture, trade, industry, money, coin, interest, circulation, banks, exchange, public credit, and taxes
Steuart, James, Sir
Economics
When I compare the elegant performances which have appeared in Great
Britain and in France with my dry and abstracted manner of treating the
same subject, in a plain language void of ornament, I own I am
discouraged on many accounts. If I am obliged to set out by laying down
as fundamental principles the most obvious truths, I dread the
imputation of pedantry, and of pretending to turn common sense into
science. If I follow these principles through a minute detail, I may
appear trifling. I therefore hope the reader will believe me, when I
tell him, that these defects have not escaped my discernment, but that
my genius, the nature of the work, and the connection of the subject,
have obliged me to write in an order and in a stile where every thing
has been sacrificed to perspicuity.
My principal aim shall be to discover truth, and to enable my reader to
touch the very link of the chain where I may at any time go astray.
My business shall not be to seek for new thoughts, but to reason
consequentially; and if any thing new be found, it will be in the
conclusions.
Long steps in political reasoning lead to error; close reasoning is
tedious, and to many appears trivial: this however must be my plan, and
my consolation is, that the further I advance, I shall become the more
interesting.
Every supposition must be considered as strictly relative to the
circumstances presupposed; and though, in order to prevent
misapplication, and to avoid abstraction as much as possible, I
frequently make use of examples for illustrating every principle; yet
these, which are taken from matters of fact, must be supposed divested
of every foreign circumstance inconsistent with the supposition.
I shall combat no particular opinion in such intricate matters; though
sometimes I may pass them in review, in order to point out how I am led
to differ from them.
I pretend to form no system, but by following out a succession of
principles, consistent with the nature of man and with one another, I
shall endeavour to furnish some materials towards the forming of a good
one.
CHAP. I.
_Of the Government of Mankind._
Man we find acting uniformly in all ages, in all countries, and in all
climates, from the principles of self-interest, expediency, duty, or
passion. In this he is alike, in nothing else.
These motives of human actions produce such a variety of combinations,
that if we consider the several species of animals in the creation, we
shall find the individuals in no class so unlike to one another, as man
to man. No wonder then if people differ in opinion with regard to every
thing which relates to man.
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