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JB/001/020/001

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Note ** 16
Abstract
Ch. XVI. Rise of Prices

How far the
Ballance of Trade
is worth considering

Though two millions worth of gold and silver
is not worth a farthing more than two millions' worth
of any thing else, there is not on that account this does not stamp with absurdity <add>no imputation results from </add>
any absurdity in the exultation testified by public
men at observing the in how a degree what is calld the ballance
of trade is in favour of this country. Gold and Silver
though they do not constitute a larger share of wealth
in general and than a mass of other to the
same value, serve as an index of the magnitude of
the mass of general wealth: so that where we find
the import of gold and silver regular for a length of time on the increase
we may be sure enough that the mass of wealth of all kinds taken
together is also on the increase. Wealth of other
kinds creates at the same time a demand for gold
and silver and the means of satisfying it. As a
mans stock of general wealth increases, he naturally
finds himself disposed to add to the quantity of gold
and silver utensils that entered into the composition
of his stock. In no other shape can he make a
more eligible addition to it: in no other article are
the attributes qualities of , utility and durability to be
found united in a higher degree. Adam Smith Seduced by the pride
of discovery

by taking his words from the kitchen, has attempted
to throw throws an ill grounded ridicule on the performance given
to gold and silver, as if it were owing to the smallness

of their quantity that was the sole or chief cause of that
preference. He forgets that there is scarce a use to which
either copper tin or lead are employd at present
to which gold or silver could not be applied substituted with prodigious were there but
enough of them, and in general most cases with vast advantage.

What As a nation gets
rich in other things, it
will naturally and invariably
get rich in
gold and silver. Of an
this or that individual
this may be more or less
true according to his
individual tastes and
Seduced by the pride of
discovery: - but of a
nation it will be invariably
so.



Identifier: | JB/001/020/001
"JB/" can not be assigned to a declared number type with value 1.

Date_1

Marginal Summary Numbering

not numbered

Box

001

Main Headings

annuity notes

Folio number

020

Info in main headings field

Image

001

Titles

Category

text sheet

Number of Pages

1

Recto/Verso

recto

Page Numbering

d1 / f16

Penner

jeremy bentham

Watermarks

m<…> 1798

Marginals

jeremy bentham

Paper Producer

Corrections

Paper Produced in Year

1798

Notes public

ID Number

20

Box Contents

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