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
I could form no consistent plan from the various opinions I met with:
hence I was engaged to compile the observations I had casually made, in
the course of my travels, reading, and experience. From these I formed
the following work, after expunging the numberless inconsistencies and
contradictions which I found had arisen from my separate inquiries into
every particular branch.
I had observed so many persons declining in knowledge as they advanced
in years, that I resolved early to throw upon paper whatever I had
learned; and to this I used to have recourse, as others have to their
memories. The unity of the object of all my speculations, rendred this
practice more useful to me than it would be to one whose researches are
more extended.
Whoever is much accustomed to write for his own use merely, must
contract a more careless stile than another who has made language his
study, and who writes in hopes of acquiring a literary reputation. I
never, till very lately, thought of appearing as an author; and in the
frequent perusals of what I had writ, my corrections were chiefly in
favour of perspicuity: add to this, that the language in which I now
write was, for many years, foreign to those with whom I lived and
conversed. When these circumstances are combined with the intricacy of
my subject, which constantly carried off my attention from every
ornament of language, I flatter myself that those of my readers, at
least, who enter as heartily as I have done into the spirit of this
work, will candidly overlook the want of that elegance which adorns the
stile of some celebrated authors in this Augustan age. I present this
inquiry to the public as nothing more than an essay which may serve as a
canvass for better hands than mine to work upon.
It contains such observations only as the general view of the domestic
policy of the countries I have seen, has suggested. It is a speculation,
and no more. It is a rough drawing of a mighty plan, proportioned in
correctness to my own sagacity, to my knowledge of the subject and to
the extent of my combinations.
It goes little farther than to collect and arrange some elements upon
the most interesting branches of modern policy, such as _population,
agriculture, trade, industry, money, coin, interest, circulation, banks,
exchange, public credit, and taxes_. The principles deduced from all
these topics, appear tolerably consistent; and the whole is a train of
reasoning, through which I have adhered to the connection of subjects as
faithfully as I could: but the nature of the work being a deduction of
principles, not a collection of institutions, I seized the opportunities
which my reasoning threw in my way, to connect every principle, as I
went along, with every part of the inquiry to which it could refer; and
when I found the connexion sufficiently shewn, I broke off such
disquisitions as would have led me from the object then present.
Public-domain text, read in full here on John Shaqi.
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