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<p>30<lb/> | |||
Bad as this<lb/> | |||
theory is, it is<lb/> | |||
thus far connected<lb/> | |||
with a good one,<lb/> | |||
with the truth of<lb/> | |||
things – Encrease<lb/> | |||
of gold and silver,<lb/> | |||
though not causes<lb/> | |||
of encrease of real<lb/> | |||
wealth, are <hi rend="underline">concomitants</hi>,<lb/> | |||
and<lb/> | |||
thence <hi rend="underline">indications</hi><lb/> | |||
<del><gap/></del> – and thence<lb/> | |||
matter of felicitation.<lb/> | |||
p. 41.</p> | |||
<p>31<lb/> | |||
Adam Smith.<lb/> | |||
He did not consider<lb/> | |||
encrease of<lb/> | |||
prices as an evil<lb/> | |||
– it not having<lb/> | |||
been rapid<lb/> | |||
enough in his<lb/> | |||
time. p. 42</p> | |||
<p>32<lb/> | |||
Good criticism<lb/> | |||
of A. Smith. p. 43</p> | |||
<p><!-- pencil -->1801 Oct. 14<lb/> | |||
<head><!-- pencil -->Remedies for <gap/> Contents</head></p> | |||
<p>25<lb/> | |||
The nation which<lb/> | |||
has paid most<lb/> | |||
labour for a given<lb/> | |||
mass of real-wealth<lb/> | |||
(goods) may in that<lb/> | |||
sense by comparison<lb/> | |||
be said to<lb/> | |||
carry on a <hi rend="underline">losing</hi><lb/> | |||
trade. p.31.</p> | |||
<p>26<lb/> | |||
But even in this<lb/> | |||
sense nothing<lb/> | |||
but error and false<lb/> | |||
policy can result<lb/> | |||
from the use of the<lb/> | |||
epithet <hi rend="underline">losing</hi><lb/> | |||
as applied to any<lb/> | |||
branch of trades.<lb/> | |||
p.32.</p> | |||
<p>27 or 26(a)<lb/> | |||
The truly <hi rend="underline">losing</hi><lb/> | |||
trade is so much<lb/> | |||
of the manufacturing<lb/> | |||
trade as is<lb/> | |||
carried on with<lb/> | |||
labour which Slaves<lb/> | |||
have been employed<lb/> | |||
in producing corn,<lb/> | |||
where enough is<lb/> | |||
not produced for<lb/> | |||
the maintenance of<lb/> | |||
the inhabitants.<lb/> | |||
p. 33, 34, 35</p> | |||
<p>28<lb/> | |||
But in this case<lb/> | |||
it is not by his<lb/> | |||
own trade that<lb/> | |||
each or any man<lb/> | |||
<hi rend="underline">loses</hi> or rather <hi rend="underline">Suffers</hi>,<lb/> | |||
but by anothers. p. 36<lb/> | |||
The manufacturer<lb/> | |||
<hi rend="underline">here</hi> taxes the fixed<lb/> | |||
<gap/> as the <gap/><lb/> | |||
Banker does.</p> | |||
<pb/> | |||
<p>27<lb/> | |||
This system has<lb/> | |||
been as erroneous<lb/> | |||
in calculations<lb/> | |||
of <hi rend="underline">fact</hi>, as in<lb/> | |||
principles of <hi rend="underline">expediency</hi>.<lb/> | |||
p. 37.</p> | |||
<p>28<lb/> | |||
To an estimate<lb/> | |||
of Irvings <del><gap/></del> of<lb/> | |||
£6,500,600, for<lb/> | |||
4 years ending<lb/> | |||
1795 or 1796 –<lb/> | |||
these <del>adds</del> <add>substituted</add> for<lb/> | |||
4 years ending<lb/> | |||
1798 – £14,800,000.<lb/> | |||
p. 39</p> | |||
<p>29<lb/> | |||
This calculation<lb/> | |||
is not high enough<lb/> | |||
by 15 per<lb/> | |||
cent: because<lb/> | |||
as gold and silver<lb/> | |||
yield no profit<lb/> | |||
on importation<lb/> | |||
<add>and sale</add> there must be<lb/> | |||
so much the more<lb/> | |||
of these imported<lb/> | |||
to constituted the<lb/> | |||
ordinary profit.<lb/> | |||
p. 39, 40</p> | |||
<pb/> | |||
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{{Metadata:{{PAGENAME}}}}{{ | {{Metadata:{{PAGENAME}}}}{{In_Progress}} | ||
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
1801 Oct. 14
Remedies for 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.
---page break---
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
---page break---
|
Identifier: | JB/003/161/002"JB/" can not be assigned to a declared number type with value 3. |
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|---|---|---|---|
|
1801-10-14 |
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|
003 |
manual of political economy |
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|
161 |
alarm |
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|
002 |
lords report / ordo novus / brouillon fact |
||
|
rudiments sheet (brouillon) |
2 |
||
|
recto |
|||
|
jeremy bentham |
cw 1799 |
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|
c. abbit lees |
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|
1799 |
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|
1571 |
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