The Fable of the Bees; Or, Private Vices, Public BenefitsMandeville, Bernard
Philosophy
The Fable of the Bees; Or, Private Vices, Public Benefits
Mandeville, Bernard
Charity-schools -- Early works to 1800; Ethics -- Early works to 1800; Virtue -- Early works to 1800
commerce with Turkey must in few years be infallibly lost.
But they will say, perhaps, that to prevent the ill consequence I have
showed, we shall take the Turkish merchandise as formerly, and only
be so frugal as to consume but half the quantity of them ourselves,
and send the rest abroad to be sold to others. Let us see what this
will do, and whether it will enrich the nation by the balance of that
trade with six hundred thousand pounds. In the first place, I will
grant them that our people at home making use of so much more of our
own manufactures, those who were employed in silk, mohair, &c. will
get a living by the various preparations of woollen goods. But, in
the second, I cannot allow that the goods can be sold as formerly;
for suppose the half that is wore at home to be sold at the same rate
as before, certainly the other half that is sent abroad will want very
much of it: For we must send those goods to markets already supplied;
and besides that, there must be freight, insurance, provision, and all
other charges deducted, and the merchants in general must lose much
more by this half that is reshipped, than they got by the half that
is consumed here. For, though the woollen manufactures are our own
product, yet they stand the merchant that ships them off to foreign
countries, in as much as they do the shopkeeper here that retails
them: so that if the returns for what he sends abroad repay him not
what his goods cost him here, with all other charges, till he has the
money and a good interest for it in cash, the merchant must run out,
and the upshot would be, that the merchants in general, finding they
lost by the Turkish commodities they sent abroad, would ship no more
of our manufactures, than what would pay for as much silk, mohair,
&c. as would be consumed here. Other nations would soon find ways
to supply them with as much as we should send short, and some where
or other to dispose of the goods we should refuse: So that all we
should get by this frugality, would be, that those in Turkey would
take but half the quantity of our manufactures of what they do now,
while we encourage and wear their merchandises, without which they
are not able to purchase ours.
As I have had the mortification, for several years, to meet with
abundance of sensible people against this opinion, and who always
thought me wrong in this calculation, so I had the pleasure at
last to see the wisdom of the nation fall into the same sentiments,
as is so manifest from an act of parliament made in the year 1721,
where the legislature disobliges a powerful and valuable company,
and overlooks very weighty inconveniences at home, to promote the
interest of the Turkey trade, and not only encourages the consumption
of silk and mohair, but forces the subjects, on penalties, to make
use of them whether they will or not.
Public-domain text, read in full here on John Shaqi.
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