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would¡¡be¡¡induced¡¡to¡¡find¡¡employment¡¡with¡¡us£»¡¡instead¡¡of¡¡emigrating
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