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political economy-第3章
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le system altogether from the name of Colbert。 It was a system invented by trading subjects; not by citizens; it was a system adopted by all the ministers of absolute governments; when they happened to take the trouble of thinking on finance; and Colbert had no other share in the matter than that of having followed it without reforming it。 After long treating commerce with haughty contempt; governments had at length discovered in it one of the most abundant sources of national wealth。 All the great fortunes in their states did not indeed belong exclusively to merchants; but when; overtaken by sudden necessity; they wished to levy large sums at once; merchants alone could supply them。 Proprietors of land might possess immense revenues; manufacturers might cause immense labours to be executed; but neither of them could dispose of any more than their income or annual produce。 In a case of need merchants alone offered their whole fortune to the government。 As their capital was entirely represented by commodities already prepared for consumption; by merchandise destined for the immediate use of the market to which it had been carried; they could sell it at an hour's warning; and realise the required sum with smaller loss than any other class of citizens。 Merchants therefore found means to make themselves be listened to; because they had in some sort the command of all the money in the state; and were at the same time nearly independent of authority … being able; in general; to hide from the attacks of despotism a property of unknown amount; and transport it; with their persons; to a foreign country; at a moment's notice。 Governments would gladly have increased the merchant's profit; on condition of obtaining a share of it。 Imagining that nothing more was necessary than to second each other's views; they offered him force to support industry。 and since the advantage of the merchant consists in selling dear and buying cheap; they thought it would be an effectual protection to commerce; if the means were afforded of selling still dearer and buying still cheaper。 The merchants whom they consulted eagerly grasped at this proposal; and thus was founded the mercantile system。 Antonio de Leyva; Fernando de Gonnzago; and the Duke of Alva; viceroys of Charles V and his descendants … the rapacious inventors of so many monopolies … had no other notion of political economy。 But when it was attempted to reduce this methodical robbery of consumers into a system; when deliberative assemblies were occupied with it; when Colbert consulted corporations; when the people at last began to perceive the true state of the case; it became necessary to find out a more honourable basis for such transactions; it became necessary not only to study the advantage of financiers and merchants; but also that of the nation: for the calculations of self…interest cannot show themselves in open day; and the first benefit of publicity is to impose silence on base sentiments。 Under these circumstances the mercantile system was moulded into a plausible form; and doubtless it must have been plausible; since; even till our own times; it continued to seduce the greater part of practical men employed in trade and finance。 Wealth; said those earliest economists; is money: the two words were received into universal use as almost entirely synonymous; no one dreamed of questioning the identity of money and wealth。 Money; they said; disposes of men's labour and of all its fruits。 It is money which produces those fruits; it is by means of money that industry continues in a nation; to its influence each individual owes his subsistence and the continuation of his life。 Money is especially necessary in the relation of one state to another。 It supports war and forms the strength of armies。 The state which has it; rules over that which has it not。 The whole science of political economy ought; therefore; to have for its object the increase of money in a nation。 But the money possessed by a nation cannot be augmented in quantity; except by the working of mines; if the nation has any; or by foreign trade; if it has none。 All the exchanges carried on within a country; all the purchases and sales which take place among Englishmen; for instance; do not increase the specie contained within the shores of England by a single penny。 Hence it is necessary to And means of importing money from other countries; and trade alone can do this by selling much to foreigners and buying little from them。 For in the same way as each merchant in settling with his correspondent; sees at the year's end whether he has sold more than he has bought; and Ands himself accordingly creditor or debtor by a balance account which must be paid in money; so likewise a nation; by summing up all its purchases and all its sales with each nation; or with all together; would find itself every year creditor or debtor by a commercial balance which must be paid in money。 If the country pay this balance; it will constantly grow poorer; if it receive the balance; it will constantly grow richer。 For a century; the mercantile system was universally adopted by cabinets; universally favoured by traders and chambers of commerce; universally expounded by writers; as if it had been proved by the most unexceptionable demonstration; no one deeming it worth while to establish it by new proofs; when; after the middle of the eighteenth century; Quesnay opposed to it his Tableau Economique; afterwards expounded by Mirabeau and the Abbe de Riviere; enlarged by Dupont de Nemours; and adopted by a numerous sect which arose in France; under the name of Economists。 In Italy too this sect gained some distinguished partisans。 Its followers have written more about the science than those of any other sect; yet they have admitted Quesnay's principles with such blind confidence; and maintained them with such implicit fidelity; that one is at a loss to discover any difference of principle; or any progress of ideas in their several productions。 Thus Quesnay founded a second system in political economy; still named the territorial system; or more precisely the system of the economists。 He begins by asserting that gold and silver; the signs of wealth; the means of exchange; the price of all commodities; do not themselves constitute the wealth of states; and that no judgment can be formed concerning the prosperity of a nation; from the abundance of its precious metals。 He next proceeds to survey the different classes of men; all of whom; occupied in gaining money; and causing wealth to circulate; even when acquiring it for themselves; are not; according to him; occupied with any thing besides exchange。 He endeavours to distinguish the classes possessed of a creative power; it is amongst them that wealth must originate; all the transactions of commerce appearing to be nothing else but the transmission of that wealth from hand to hand。 The merchant who carries the productions of both hemispheres from one continent to the other; and on returning to the ports of his own country; obtains; at the sale of his cargo; a sum double of that with which he began his voyage; does not; after all; appear; in the eyes of Quesnay; to have performed any thing bu
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