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 — John Shaqi
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
If it should be asked, of what utility a speculation such as this can be
to a statesman, to whom it is in a manner addressed from the beginning
to the end: I answer, that although it seems addressed to a statesman,
the real object of the inquiry is to influence the spirit of those whom
he governs; and the variety of matter contained in it, may even suggest
useful hints to himself. But his own genius and experience will enable
him to carry such notions far beyond the reach of my combinations.
I have already said that I considered my work as no more than a canvass
prepared for more able hands than mine to work upon. Now although the
sketch it contains be not sufficiently correct, I have still made some
progress, I think, in preparing the way for others to improve upon my
plan, by contriving proper questions to be resolved by men of experience
in the practical part of government.
I leave it therefore to masters in the science to correct and extend my
ideas: and those who have not made the principles of policy their
particular study, may have an opportunity of comparing the exposition I
have given of them with the commonly received opinions concerning many
questions of great importance to society. They will, for instance, be
able to judge how far population can be increased usefully, by
multiplying marriages, and by dividing lands: how far the swelling of
capitals, cities and towns, tends to depopulate a country: how far the
progress of luxury brings distress upon the poor industrious man: how
far restrictions laid upon the corn trade, tend to promote an ample
supply of subsistence in all our markets: how far the increase of public
debts tends to involve us in a general bankruptcy: how far the abolition
of paper currency would have the effect of reducing the price of all
commodities: how far a tax tends to enhance their value: and how far the
diminution of duties is an essential requisite for securing the liberty,
and promoting the prosperity and happiness of a people.
Is it not of the greatest importance to examine, with candour, the
operations by which all Europe has been engaged in a system of policy so
generally declaimed against, and so contrary to that which we hear daily
recommended as the best? And to shew, from the plain principles of
common sense, that our present situation is the unavoidable consequence
of the spirit and manners of the present times, and that it is quite
compatible with all the liberty, affluence, and prosperity, which any
human society ever enjoyed in any age, or under any form of government?
A people taught to expect from a statesman the execution of plans, big
with impossibility and contradiction, will remain discontented under the
government of the best of Kings.
The reader is desired to correct the following errors, especially such
as are distinguished by an asterisk *, which pervert the sense entirely.
ERRATA.
Public-domain text, read in full here on John Shaqi.
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