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to¡¡distant¡¡parts¡¡of¡¡the¡¡world¡¡and¡¡to¡¡colonies¡£¡¡Political¡¡science



refers¡¡to¡¡history£»¡¡and¡¡inquires¡¡whether¡¡England¡¡has¡¡not¡¡in¡¡former



times¡¡drawn¡¡from¡¡Germany£»¡¡Italy£»¡¡Holland£»¡¡France£»¡¡Spain£»¡¡and



Portugal¡¡by¡¡these¡¡means¡¡a¡¡mass¡¡of¡¡proDuctive¡¡power¡£¡¡She¡¡asks£º¡¡Why



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balance¡¡the¡¡advantages¡¡and¡¡the¡¡disadvantages¡¡of¡¡the¡¡system¡¡of



protection£»¡¡utterly¡¡ignore¡¡this¡¡great¡¡and¡¡remarkable¡¡instance¡¡of



the¡¡results¡¡of¡¡that¡¡system£¿







NOTES£º







1¡£¡¡It¡¡is¡¡alleged¡¡that¡¡Adam¡¡Smith¡¡intended¡¡to¡¡have¡¡dedicated¡¡his



great¡¡work¡¡to¡¡Quesnay¡£¡¡¡¡TR¡£¡¡£¨See¡¡Life¡¡of¡¡Smith£»¡¡published¡¡by¡¡T¡£



and¡¡J¡£¡¡Allman¡£¡¡1825¡££©







2¡£¡¡The¡¡Christian¡¡religion¡¡inculcates¡¡perpetual¡¡peace¡£¡¡But¡¡until¡¡the



promise£»¡¡'There¡¡shall¡¡be¡¡one¡¡fold¡¡and¡¡one¡¡shepherd£»'¡¡has¡¡been



fulfilled£»¡¡the¡¡principle¡¡of¡¡the¡¡Quakers£»¡¡however¡¡true¡¡it¡¡be¡¡in



itself£»¡¡can¡¡scarcely¡¡be¡¡acted¡¡upon¡£¡¡There¡¡is¡¡no¡¡better¡¡proof¡¡for



the¡¡Divine¡¡origin¡¡of¡¡the¡¡Christian¡¡religion¡¡than¡¡that¡¡its¡¡doctrines



and¡¡promises¡¡are¡¡in¡¡perfect¡¡agreement¡¡with¡¡the¡¡demands¡¡of¡¡both¡¡the



material¡¡and¡¡spiritual¡¡well¡­being¡¡of¡¡the¡¡human¡¡race¡£







3¡£¡¡This¡¡statement¡¡was¡¡probably¡¡accurate¡¡up¡¡to¡¡the¡¡period¡¡when¡¡List



wrote£»¡¡but¡¡a¡¡notable¡¡exception¡¡to¡¡it¡¡may¡¡now¡¡be¡¡adduced¡£¡¡The



commercial¡¡union¡¡of¡¡the¡¡various¡¡German¡¡states¡¡under¡¡the¡¡Zollverein



preceded¡¡by¡¡many¡¡years¡¡their¡¡political¡¡union¡¡under¡¡the¡¡Empire£»¡¡and



powerfully¡¡promoted¡¡it¡£¡¡¡¡TR¡£







Chapter¡¡12







The¡¡Theory¡¡of¡¡the¡¡Powers¡¡of¡¡Production¡¡and¡¡the¡¡Theory¡¡of¡¡Values







¡¡¡¡¡¡¡¡Adam¡¡Smith's¡¡celebrated¡¡work¡¡is¡¡entitled£»¡¡'The¡¡Nature¡¡and



Causes¡¡of¡¡the¡¡Wealth¡¡of¡¡Nations¡£'¡¡The¡¡founder¡¡of¡¡the¡¡prevailing



economical¡¡school¡¡has¡¡therein¡¡indicated¡¡the¡¡double¡¡point¡¡of¡¡view



from¡¡which¡¡the¡¡economy¡¡of¡¡nations£»¡¡like¡¡that¡¡of¡¡private¡¡separate



individuals£»¡¡should¡¡be¡¡regarded¡£



¡¡¡¡¡¡¡¡The¡¡causes¡¡of¡¡wealth¡¡are¡¡something¡¡totally¡¡different¡¡from



wealth¡¡itself¡£¡¡A¡¡person¡¡may¡¡possess¡¡wealth£»¡¡i¡£e¡£¡¡exchangeable



value£»¡¡if£»¡¡however£»¡¡he¡¡does¡¡not¡¡possess¡¡the¡¡power¡¡of¡¡producing



objects¡¡of¡¡more¡¡value¡¡than¡¡he¡¡consumes£»¡¡he¡¡will¡¡become¡¡poorer¡£¡¡A



person¡¡may¡¡be¡¡poor£»¡¡if¡¡he£»¡¡however£»¡¡possesses¡¡the¡¡power¡¡of



producing¡¡a¡¡larger¡¡amount¡¡of¡¡valuable¡¡articles¡¡than¡¡he¡¡consumes£»¡¡he



becomes¡¡rich¡£



¡¡¡¡¡¡¡¡The¡¡power¡¡of¡¡producing¡¡wealth¡¡is¡¡therefo

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