22 Aug 1801

Polit. Economy

32

2

{ I. How far the measures regularly suggested by these two branches of the common

end agree - how far they differ - and which require the preference.

II. Matter of wealth divided into 1. Articles of subsistence: 2. Instruments of

Security or defence: 3. Instruments of mere enjoyment.(a)}

Note (a)

Matter of wealth, what.

The quantity of wealth or matter of wealth existing in a community at the end of

a given span of time (say 40 years) will be as the quantity of wealth existing

therein at the commencement of the period - plus the[?] quantity of wealth

brought /that has come/ into it, minus the quantity that has gone out of it.

Hence two modes of encreasing the quantity of wealth: 1. the direct and positive

mode - encreasing the quantity that comes in: 2. the indirect and negative mode

- diminishing the quantity that goes out.

Wealth has two sources, to which correspond two modes of coming in to a

community: 1. home-production; 2. importation

It has in like manner two correspondent modes of going out: consumption and

exportation.

In the case of importation the encrease is only relative, relation being had to

the community in question: importation alone being considered, by so much as the

wealth of this community is encreased, by so much as the wealth of some other

community decreased.