JB/003/163/002

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Remedies or Ballance Control 18 Oct 1801

1
Objection – This
will counteract
run counter to
the received principles
respecting
the Ballance of
Trade. p. 1.

2
Answer – This is
the notion already
refuted, about
the subserviency of
the increase of
money to that of
wealth – only
in other words.
p. 1.

3
The force of the argument
lies in
the weight of authority
convey'd
by the language –
and the language
is too absurd, when
placed in a clear
point of view, to
be thought capable
of being employed,
if governing authorities
were not
quoted for it. p. 2.

4
No personal imputation
attaches
upon any who
employ language
thus consecrated
by authoritative
and inveterate use.
p. 3.

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5.
Favourable ballance
of trade,
what – an excess
of outgoings
above comings in
– apparent upon
the face of the Accounts
– the Entries. p. 4.

6
Stiling such a
ballance favourable,
is upon
the fact of it
contrary to universal
usage, as
well as common
sense. p. 4, 5.

7.
If in this way,
(viz: by sending out
more than we
have received, we
have been carrying
on a favourable
– a profitable trade,
those we have
been dealing
with must for
this century past
have been carrying
on an unfavourable
– a losing one – which
is impossible. p. 6.

The words favourable
& unfavourable being
words of good sense
involve a proposition and that
a false one.

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8
Foreigners, who
according to this
system, should
have been carrying
on a losing
trade, have been
carrying on, as
to rate of profit
a more gainful
one than ours –
thus capital being
less abundant.
p. 9.

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9
The way in which
it is made out
to be favourable
is by taking for
granted that a
sum equal to
the deficiency is
received in gold
and silver. p. 10 11.

10
In this
case, the supposition
is self-repugnant
– imputing that a
million's worth of
gold & silver is
worth more than
a million. p. 12, 13, 14

Whatever advantages
gold &
silver possess over
other things, are
allowed for in their
prices they bear
when exchanged
for other things.

No trade without
a gain to
each trader on
an average.
Gain to each
can not but be
gain to all: deducting
the case
where from A.'s
gaining so much
B.'s gain is less.

Reference to manufactures
made as in favourable
of
trade so far as⊞
⊞ they
grounds
any

Identifier: | JB/003/163/002"JB/" can not be assigned to a declared number type with value 3.
Date_1	1801-10-18	Marginal Summary Numbering
Box	003	Main Headings	manual of political economy
Folio number	163	Info in main headings field	alarm
Image	002	Titles
Category	rudiments sheet (brouillon)	Number of Pages	2
Recto/Verso	recto	Page Numbering
Penner	jeremy bentham	Watermarks	cw 1799
Marginals		Paper Producer	c. abbit lees
Corrections	jeremy bentham	Paper Produced in Year	1799
Notes public		ID Number	1573
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