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
_4to._ Some _political_ inconveniencies of _luxury_ have been already
pointed out. The extinction of foreign trade is the most striking. But
the loss of trade, conveys no ideas of any _moral_, _physical_, or
_domestic excess_; and still it is vicious in so far as it affects the
well-being of a state. Besides this particular evil, I very willingly
agree, that in as far as the good government of a state depends upon the
application and capacity, as well as the integrity of those who sit at
the helm, or who are employed in the administration, or direction of
public affairs, in so far may the moral inconveniencies of _luxury_
mentioned above, affect the prosperity of a state. The consequences of
_excessive luxury_, _moral_ and _physical_, as well as the dissipation
of private fortunes, may render both the statesman, and those whom he
employs, negligent in their duty, unfit to discharge it, rapacious and
corrupt. These may, indirectly, be reckoned among the _political_ evils
attending _luxury_, in so far as they take place. But on the other hand,
as they cannot be called the _necessary effects_ of the _cause_ to which
they are here ascribed, that is, to _moral_, _physical_, and _domestic
luxury_, I do not think they can with propriety be implied in the
definition of the term. They are rather to be attributed to the
imperfection of the human mind, than to any other second cause, which
might occasionally contribute to their production. They may proceed from
_avarice_, as well as from _prodigality_.
I hope this short exposition of a matter, not absolutely falling within
the limits of my subject, will suffice to prove that my definition of
_luxury_, describes at least the most essential requisite towards
determining it: _the providing of superfluity with a view to
consumption_. This is inseparable from our ideas of _luxury_; but
vicious _excess_ certainly is not. A sober man may have a most delicate
table, as well as a glutton; and a virtuous man may enjoy the pleasures
of love and ease with as much sensuality as Heliogabalus. But no man can
become luxurious, in our acceptation of the word, without giving bread
to the industrious, without encouraging emulation, industry, and
agriculture; and without producing the circulation of an adequate
equivalent for every service. This last is the palladium of liberty, the
fountain of gentle dependence, and the agreeable band of union among
free societies.
Let me therefore conclude my chapter, with a metaphysical observation.
The use of words, is to express ideas; the more simple any idea is, the
more easy it is to convey it by a word. Whenever, therefore, language
furnishes several words, which are called _synonimous_, we may conclude,
that the idea conveyed by them is not simple. On every such occasion, it
is doing a service to learning, to render them as little synonimous as
possible, and to point out the particular differences between the ideas
they convey.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account