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 have sometimes entred so heartily into the spirit of the statesman,
that I have been apt to forget my situation in the society in which I
live; and when the private man reads over the politician, his natural
partiality in favour of individuals, leads him to condemn, as
Machiavellian principles, every sentiment approving the sacrifice of
private concerns, in favour of a general plan.
In order, therefore, to reconcile me to myself in this particular, and
to prevent certain expressions, here and there interspersed, from making
the slightest impression upon a reader of delicate sentiments, I must
observe, that nothing would have been so easy as to soften many
passages, where the politician appears to have snatched the pen out of
the hand of the private citizen: but as I write for such only who can
follow a close reasoning, and attend to the general scope of the whole
inquiry, I have, purposely, made no correction; but continued painting
in the strongest colours, every inconvenience which must affect certain
individuals living under our free modern governments, whenever a wise
statesman sets about correcting old abuses, proceeding from idleness,
sloth or fraud in the lower classes, arbitrary jurisdictions in the
higher, and neglects in administrations, with respect to the interests
of both. The more any cure is painful and dangerous, the more ought men
to be careful in avoiding the disease. This leads me to say a word
concerning the connection between the theory of morals and that of
politics.
I lay it down as a general maxim, that the characteristic of a good
action consists in the conformity between the motive, and the duty of
the agent. If there were but one man upon earth, his duty would contain
no other precepts than those dictated by self-love. If he comes to be a
father, a husband, a friend, his self-love falls immediately under
limitations: he must withhold from himself, and give to his children; he
must know how to sacrifice some of his fancies, in order to gratify, now
and then, those of his wife, or of his friend. If he comes to be a
judge, a magistrate, he must frequently forget that he is a friend, or a
father: and if he rises to be a statesman, he must disregard many other
attachments more comprehensive, such as family, place of birth, and
even, in certain cases, his native country. His duty here becomes
relative to the general good of that society of which he is the head:
and as the death of a criminal cannot be imputed to the judge who
condemns him, neither can a particular inconvenience resulting to an
individual, in consequence of a step taken for a general reformation, be
imputed to him who sits at the helm of government.
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