of money-µÚ3²¿·Ö
°´¼üÅÌÉÏ·½Ïò¼ü ¡û »ò ¡ú ¿É¿ìËÙÉÏÏ·ҳ£¬°´¼üÅÌÉ쵀 Enter ¼ü¿É»Øµ½±¾ÊéĿ¼ҳ£¬°´¼üÅÌÉÏ·½Ïò¼ü ¡ü ¿É»Øµ½±¾Ò³¶¥²¿£¡
¡ª¡ª¡ª¡ªÎ´ÔĶÁÍꣿ¼ÓÈëÊéÇ©ÒѱãÏ´μÌÐøÔĶÁ£¡
the¡¡people£»¡¡the¡¡simple¡¡or¡¡refined£»¡¡is¡¡the¡¡most¡¡advantageous¡¡to¡¡the
state¡¡or¡¡public£¿¡¡I¡¡should£»¡¡without¡¡much¡¡scruple£»¡¡prefer¡¡the¡¡latter£»¡¡in
a¡¡view¡¡to¡¡politics¡¡at¡¡least£»¡¡and¡¡should¡¡produce¡¡this¡¡as¡¡an¡¡additional
reason¡¡for¡¡the¡¡encouragement¡¡of¡¡trade¡¡and¡¡manufactures¡£
¡¡¡¡¡¡¡¡While¡¡men¡¡live¡¡in¡¡the¡¡ancient¡¡simple¡¡manner£»¡¡and¡¡supply¡¡all¡¡their
necessaries¡¡from¡¡domestic¡¡industry¡¡or¡¡from¡¡the¡¡neighbourhood£»¡¡the
sovereign¡¡can¡¡levy¡¡no¡¡taxes¡¡in¡¡money¡¡from¡¡a¡¡considerable¡¡part¡¡of¡¡his
subjects£»¡¡and¡¡if¡¡he¡¡will¡¡impose¡¡on¡¡them¡¡any¡¡burthens£»¡¡he¡¡must¡¡take
payment¡¡in¡¡commodities£»¡¡with¡¡which¡¡alone¡¡they¡¡abound£»¡¡a¡¡method
attended¡¡with¡¡such¡¡great¡¡and¡¡obvious¡¡inconveniencies£»¡¡that¡¡they¡¡need
not¡¡here¡¡be¡¡insisted¡¡on¡£¡¡All¡¡the¡¡money¡¡he¡¡can¡¡pretend¡¡to¡¡raise£»¡¡must
be¡¡from¡¡his¡¡principal¡¡cities£»¡¡where¡¡alone¡¡it¡¡circulates£»¡¡and¡¡these£»¡¡it
is¡¡evident£»¡¡cannot¡¡afford¡¡him¡¡so¡¡much¡¡as¡¡the¡¡whole¡¡state¡¡could£»¡¡did
gold¡¡and¡¡silver¡¡circulate¡¡throughout¡¡the¡¡whole¡£¡¡But¡¡besides¡¡this
obvious¡¡diminution¡¡of¡¡the¡¡revenue£»¡¡there¡¡is¡¡another¡¡cause¡¡of¡¡the
poverty¡¡of¡¡the¡¡public¡¡in¡¡such¡¡a¡¡situation¡£¡¡Not¡¡only¡¡the¡¡sovereign
receives¡¡less¡¡money£»¡¡but¡¡the¡¡same¡¡money¡¡goes¡¡not¡¡so¡¡far¡¡as¡¡in¡¡times¡¡of
industry¡¡and¡¡general¡¡commerce¡£¡¡Every¡¡thing¡¡is¡¡dearer£»¡¡where¡¡the¡¡gold
and¡¡silver¡¡are¡¡supposed¡¡equal£»¡¡and¡¡that¡¡because¡¡fewer¡¡commodities¡¡come
to¡¡market£»¡¡and¡¡the¡¡whole¡¡coin¡¡bears¡¡a¡¡higher¡¡proportion¡¡to¡¡what¡¡is¡¡to
be¡¡purchased¡¡by¡¡it£»¡¡whence¡¡alone¡¡the¡¡prices¡¡of¡¡every¡¡thing¡¡are¡¡fixed
and¡¡determined¡£
¡¡¡¡¡¡¡¡Here¡¡then¡¡we¡¡may¡¡learn¡¡the¡¡fallacy¡¡of¡¡the¡¡remark£»¡¡often¡¡to¡¡be¡¡met
with¡¡in¡¡historians£»¡¡and¡¡even¡¡in¡¡common¡¡conversation£»¡¡that¡¡any
particular¡¡state¡¡is¡¡weak£»¡¡though¡¡fertile£»¡¡populous£»¡¡and¡¡well
cultivated£»¡¡merely¡¡because¡¡it¡¡wants¡¡money¡£¡¡It¡¡appears£»¡¡that¡¡the¡¡want
of¡¡money¡¡can¡¡never¡¡injure¡¡any¡¡state¡¡within¡¡itself£º¡¡For¡¡men¡¡and
commodities¡¡are¡¡the¡¡real¡¡strength¡¡of¡¡any¡¡community¡£¡¡It¡¡is¡¡the¡¡simple
manner¡¡of¡¡living¡¡which¡¡here¡¡hurts¡¡the¡¡public£»¡¡by¡¡confining¡¡the¡¡gold
and¡¡silver¡¡to¡¡few¡¡hands£»¡¡and¡¡preventing¡¡its¡¡universal¡¡diffusion¡¡and
circulation¡£¡¡On¡¡the¡¡contrary£»¡¡industry¡¡and¡¡refinements¡¡of¡¡all¡¡kinds
incorporate¡¡it¡¡with¡¡the¡¡whole¡¡state£»¡¡however¡¡small¡¡its¡¡quantity¡¡may
be£º¡¡They¡¡digest¡¡it¡¡into¡¡every¡¡vein£»¡¡so¡¡to¡¡speak£»¡¡and¡¡make¡¡it¡¡enter
into¡¡every¡¡transaction¡¡and¡¡contract¡£¡¡No¡¡hand¡¡is¡¡entirely¡¡empty¡¡of¡¡it¡£
And¡¡as¡¡the¡¡prices¡¡of¡¡every¡¡thing¡¡fall¡¡by¡¡that¡¡means£»¡¡the¡¡sovereign¡¡has
a¡¡double¡¡advantage£º¡¡He¡¡may¡¡draw¡¡money¡¡by¡¡his¡¡taxes¡¡from¡¡every¡¡part¡¡of
the¡¡state£»¡¡and¡¡what¡¡he¡¡receives£»¡¡goes¡¡farther¡¡in¡¡every¡¡purchase¡¡and
payment¡£
¡¡¡¡¡¡¡¡We¡¡may¡¡infer£»¡¡from¡¡a¡¡comparison¡¡of¡¡prices£»¡¡that¡¡money¡¡is¡¡not¡¡more
plentiful¡¡in¡¡CHINA£»¡¡than¡¡it¡¡was¡¡in¡¡EUROPE¡¡three¡¡centuries¡¡ago£º¡¡But
what¡¡immense¡¡power¡¡is¡¡that¡¡empire¡¡possessed¡¡of£»¡¡if¡¡we¡¡may¡¡judge¡¡by¡¡the
civil¡¡and¡¡military¡¡establishment¡¡maintained¡¡by¡¡it£¿¡¡POLYBIUS¡¡tells¡¡us£»
that¡¡provisions¡¡were¡¡so¡¡cheap¡¡in¡¡ITALY¡¡during¡¡his¡¡time£»¡¡that¡¡in¡¡some
places¡¡the¡¡stated¡¡price¡¡for¡¡a¡¡meal¡¡at¡¡the¡¡inns¡¡was¡¡a¡¡semis¡¡a¡¡head£»
little¡¡more¡¡than¡¡a¡¡farthing£¡¡¡Yet¡¡the¡¡ROMAN¡¡power¡¡had¡¡even¡¡then¡¡subdued
the¡¡whole¡¡known¡¡world¡£¡¡About¡¡a¡¡century¡¡before¡¡that¡¡period£»¡¡the
CARTHAGINIAN¡¡ambassador¡¡said£»¡¡by¡¡way¡¡of¡¡raillery£»¡¡that¡¡no¡¡people¡¡lived
more¡¡sociably¡¡amongst¡¡themselves¡¡than¡¡the¡¡ROMANS£»¡¡for¡¡that£»¡¡in¡¡every
entertainment£»¡¡which£»¡¡as¡¡foreign¡¡ministers£»¡¡they¡¡received£»¡¡they¡¡still
observed¡¡the¡¡same¡¡plate¡¡at¡¡every¡¡table¡£¡¡The¡¡absolute¡¡quantity¡¡of¡¡the
precious¡¡metals¡¡is¡¡a¡¡matter¡¡of¡¡great¡¡indifference¡£¡¡There¡¡are¡¡only¡¡two
circumstances¡¡of¡¡any¡¡importance£»¡¡namely£»¡¡their¡¡gradual¡¡encrease£»¡¡and
their¡¡thorough¡¡concoction¡¡and¡¡circulation¡¡through¡¡the¡¡state£»¡¡and¡¡the
influence¡¡of¡¡both¡¡these¡¡circumstances¡¡has¡¡here¡¡been¡¡explained¡£
¡¡¡¡¡¡¡¡In¡¡the¡¡following¡¡Essay¡¡we¡¡shall¡¡see¡¡an¡¡instance¡¡of¡¡a¡¡like¡¡fallacy
as¡¡that¡¡above¡¡mentioned£»¡¡where¡¡a¡¡collateral¡¡effect¡¡is¡¡taken¡¡for¡¡a
cause£»¡¡and¡¡where¡¡a¡¡consequence¡¡is¡¡ascribed¡¡to¡¡the¡¡plenty¡¡of¡¡money£»
though¡¡it¡¡be¡¡really¡¡owing¡¡to¡¡a¡¡change¡¡in¡¡the¡¡manners¡¡and¡¡customs¡¡of
the¡¡people¡£
ÿ
the¡¡End