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
Every branch of science must be carried to perfection by a master in it,
formed by the hand of nature, and improved by application and
experience. The great genius of Mr. de Colbert saw through the confusion
and perplexity of the administration of the French finances; he invented
resources for swelling the public treasure, which never would have been
liable to so many inconveniencies as are complained of, had the
administration been conducted with as much disinterestedness, as it was
set on foot with ability. The genius of Mr. Law was original as to
figures and paper credit. Sir Robert Walpole discovered new principles
of taxation, he extended the plan of public credit, and reduced the
application of it to a science. These were born statesmen, they were
creators of new ideas, they found out new principles for the government
of men, and led them by their interest to concur in the execution of
their plans. Men of a speculative disposition may broach hints, although
the force of theory, destitute of practice, and unassisted by
experiment, be not sufficient to carry them the length of forming a
plan. A great genius, with power and authority, has occasion for no more
than a hint to strike out the system, and to carry it, with success,
into execution.
No problems of political oeconomy seem more obscure than those which
influence the multiplication of the human species, and which determine
the distribution and employment of them, so as best to advance the
prosperity of each particular society.
I have no where found these matters treated to my wish, nor have I ever
been able to satisfy myself concerning them. There are many clouds which
still cover the fruitful fields of this science; and until these be
dissipated, the political eye cannot take in the whole landscape, nor
judge of the deformities which appear in the many representations which
our modern painters are daily giving of it.
I may here, without an imputation of vanity, put myself so far upon a
level with the great Montesquieu, as to adopt the saying of Correggio,
_Io anche son pittore_; I am also a dawber; for I frankly acknowledge my
own insufficiency to treat this subject with perspicuity: my frequent
repetitions, and my often returning to it at different times, in order
to clear up my ideas and those of my readers, shews plainly, that I am
sensible of my own insufficiency. By setting it in different lights, and
viewing it as it were from different stations, perhaps both my reader
and I may come at last to see a little clearer.
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