JB/003/161/002

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1801 Oct. 14
Remedies for Ballance Contents

25
The nation which
has paid most
labour for a given
mass of real-wealth
(goods) may in that
sense by comparison
be said to
carry on a losing
trade. p.31.

26
But even in this
sense nothing
but error and false
policy can result
from the use of the
epithet losing
as applied to any
branch of trades.
p.32.

27 or 26(a)
The truly losing
trade is so much
of the manufacturing
trade as is
carried on with
labour which Slaves
have been employed
in producing corn,
where enough is
not produced for
the maintenance of
the inhabitants.
p. 33, 34, 35

28
But in this case
it is not by his
own trade that
each or any man
loses or rather Suffers,
but by anothers. p. 36
The manufacturer
here taxes the fixed
as the
Banker does.

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27
This system has
been as erroneous
in calculations
of fact, as in
principles of expediency.
p. 37.

28
To an estimate
of Irvings of
£6,500,600, for
4 years ending
1795 or 1796 –
these adds substituted for
4 years ending
1798 – £14,800,000.
p. 39

29
This calculation
is not high enough
by 15 per
cent: because
as gold and silver
yield no profit
on importation
and sale there must be
so much the more
of these imported
to constituted the
ordinary profit.
p. 39, 40

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30
Bad as this
theory is, it is
thus far connected
with a good one,
with the truth of
things – Encrease
of gold and silver,
though not causes
of encrease of real
wealth, are concomitants,
and
thence indications
– and thence
matter of felicitation.
p. 41.

31
Adam Smith.
He did not consider
encrease of
prices as an evil
– it not having
been rapid
enough in his
time. p. 42

32
Good criticism
of A. Smith. p. 43

33
Read criticism of
A. Smith, p.43, 44.
1. Real value of
gold & silver it's
undervalued.

34
David Hume –
Good and bad criticism
of his p.44.
1. Sudden Goal duplication
of money
would not encrease
wealth.
Bad

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Lords Report

1
Good sense of the
disfigured
by the jargon
of the theory.
p. 45./1

2
Assumption made
by this theory –
Value equal to
the deficiency of
imported goods
has been received
in gold and silver.
p. 45, 46/ 1, 2.

3
This mere supposition:
the quantity
of gold or
silver imported
not being registered. p. 2.

4
Positives of this
system according
to Irving. p. 2, 3, 4.
1 Exports = Imports
2. Gold and Silver = Exports - Imports
3. Entries good as to proportions at least.
4. Import of Gold & Silver is not entered.
5. Deficiency of imported goods from £100 import of gold and silver.
6. £100 imported goods prevents import of £100 gold and silver
7. Excepting imported goods not received in return for exported goods. p. 4.

Identifier: | JB/003/161/002"JB/" can not be assigned to a declared number type with value 3.
Date_1	1801-10-14	Marginal Summary Numbering
Box	003	Main Headings	manual of political economy
Folio number	161	Info in main headings field	alarm
Image	002	Titles	lords report / ordo novus / brouillon fact
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	1571
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