1
results found in
10 ms
Page 1
of 1
18 Decr 1801
Maximum
Ulteriora
In political economy One of the most copious sources of error is a blind and
sordid greediness: grasping at any thing – not enduring to part with any thing –
straining to unite advantages essentially incompatible. Goods are to be bought
of foreigners, but the money which should pay for them is not to be exported in
return. Capital is to be obtained from foreigners, in alleviation of the waste
produced by war loans, but the remuneration for it in the way of annuities, and
the restitution of it in the redemption of the annuities is to be deplored and
fought against as a grievance.
Similar Items
-
Title: [18 Decr 1801 Maximum Ulteriora]Description: 18 Decr 1801 Maximum Ulteriora Render x5 The following passage, from a work just published by Dr Render, points to facts, in their own nature notorious /matters of notoriety/, and such as at least may be worth enquiry.
-
Title: [18 Decr 1801 Maximum Ulteriora]Description: 18 Decr 1801 Maximum Ulteriora 3 Importation as a permanent and constant recourse is another recourse essentially inadequate, because it supposed a constant surplus, constantly at our command, and adequate to our encreasing wants. The recent inadequateness of it matter of experience: it has been grievously expensive, and still inadequate. Relying on it, we remain in a state of continual dependence for our daily bread: the state whatever it may be, from which we draw the largest portion of our supply, has us in its power /at its mercy/. The system pursued till within these | | years the system of bounties on exportation, supposed a /an habitual/ deficiency of corn in the rest of the commercial world: the system of importation supposes an habitual redundance. Both suppositions are random ones: both can not be true at the same time: but the risk attendant on the former is as nothing in comparison of that attendant on the latter. Quantity for quantity to fail of filling up a deficiency is a much worse misfortune than to fail of getting rid of a redundance /superfluity/ upon advantageous terms: and the superfluity formerly got rid of was but a small part of the deficiency of late endeavoured and in vain to be filled up. Measure for this purpose has never yet been taken of the commercial world: the world is a large place and corn in abundance grows in it further than this calculation has not /scarce/ extended, greater precision than this calculations have /has/ never aimed at.
-
Title: [18 Decr 1801 Maximum Ulteriora]Description: 18 Decr 1801 Maximum Ulteriora 2 The dearness has for its ulterior cause exuberance – habitual and indefensibly increasing exuberance – of money – of money of the primary sort, by the too rapid importation of the pretious metals its materials: the materials of which it is composed: of money of the secondary sort, by the unlimited creation of it. In regard to scarcity two remedies commonly relied on as sufficient are essentially inadequate: cultivation of waste, and importation, with or without bounties: in the ordinary course of trade that is /I mean/ by individuals on their own account, taking their chance in respect to sale and price: two others commonly shrunk from: but the only ones upon which any safe reliance can be placed: magazines, in public account, and facility afforded allowance /allowance/ declaredly and liberally given to exportation of capital and emigration. By inadequate in speaking of eaters[?] of waste I certainly do not mean undesirable: but where is the resource when all shall have been brought into culture? a state of things which many /some persons/ now living may perhaps live to see. The period arrival of the period /times/ is an event worth calculation, but is not a fit place. In the mean time encrease of mouths is going on, as fast perhaps as the encrease of land in a state to feed them.
1
results found.
Page 1
of 1