political economy-第6部分
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confidence; another part destined to be consumed very slowly; as houses; furniture; carriages; horses; continues in the hands of persons whose business it is to sell the use of it; without abandoning the property。 A considerable portion of the wealth of opulent nations is constantly thrown back into the fields destined for consumption; but although it still gives profit to its holders; it has ceased to augment the national re…production。 The annual distribution of the wealth; annually reproduced; among all the citizens composing the nation; constitutes the national revenue。 It consists of all the value; by which the re…production surpasses the consumption that produced it。 Thus the farmer; after deducting from his crop a quantity equal to the seed of the foregoing year; finds remaining the part which is to support his family; … a revenue to which they have acquired right by means of their annual labour; the part which is to support his workmen; who have acquired the right to it by the same title; the part with which he is to satisfy the landlord; who has acquired right to this revenue by the original improvement of the soil; now no longer repeated; and lastly; the part with which he is to pay the interest of his debts; or indemnify himself for the employment of his own capital … a revenue to which he has acquired right by the primitive labours which produced his capital。 So likewise; the manufacturer finds; in the annual produce of his manufactory; first the raw material employed; secondly; the equivalent of his own wages; and those of his workmen; to which their labour alone gives them right; thirdly; an equivalent for the annual detriment and interest of his fixed capital; to which revenue he or the proprietor has acquired right by a primitive labour; and lastly; an equivalent for the interest of his circulating capital; which has been produced by another primitive labour。 It is to be observed that; among those who share the national revenue; some acquire a new right in it every year by a new labour; others have previously acquired a permanent right by a primitive labour; which has rendered the annual labour more advantageous。 No one obtains a share of the national revenue; except in virtue of what he himself or his representatives have accomplished to produce it; unless; as we shall soon see; he receives it at second hand; from its primitive proprietors; by way of compensation for services done to them。 Now; whoever consumes without fulfilling the condition which alone gives him right to the revenue; whoever consumes without having a revenue; or beyond what he has; whoever consumes his capital in place of revenue; is advancing to ruin; and a nation composed of such consumers is advancing to ruin likewise。 Revenue; indeed; is that quantity by which the national wealth is increased every year; and which accordingly may be destroyed; without the nation's becoming poorer; but the nation which; without re…production; destroys a quantity of wealth; superior in this annual increase; destroys the very means by which it would have acquired an equal re…production in subsequent years。 By a circular concatenation; in which every effect becomes a cause in its turn; production gives revenue; revenue furnishes and regulates a consumable fund; which fund again causes production and measures it。 The national wealth continues to augment; and the state to prosper; so long as these three quantities; which are proportional to each other; continue to augment in a gradual manner; but whenever the proportion among them is broken; the state decays。 A derangement of the mutual proportion subsisting among production; revenue; and consumption; becomes equally prejudicial to the nation; whether the production give a revenue smaller than usual; in which case a part of the capital must pass to the fund of consumption; or whether; on the contrary; this consumption diminish; and no longer call for a fresh production。 To cause distress in the state; it is enough that the equilibrium be broken。 Production may diminish when habits of idleness gain footing among the labouring classes; capital may diminish when prodigality and luxury become fashionable; and lastly; consumption may diminish from causes of poverty; unconnected with the diminution of labour; and yet; as it will not offer employment for future re…production; it must diminish labour in its turn。 Thus nations incur dangers that seem incompatible: they fall into ruin equally by spending too much; and by spending too little。 A nation spends too much whenever it exceeds its revenue; because it cannot do so except by encroaching on its capital; and thus diminishing future production; it then does what the solitary cultivator would do if he should eat the corn which ought to be secured for seed。 A nation spends too little; whenever; being destitute of foreign commerce; it does not consume its own production; or when; enjoying foreign commerce; it does not consume the excess of its production above its exportation; for; if so; it soon comes into the condition of the solitary cultivator; who having filled all his granaries far beyond the probability of consumption; would be obliged; that he might not work in vain; partly to abandon his cultivation of the ground。 The nation does not indeed spend all that it consumes; the name expenditure; in such a case; can properly be given to that consumption only which produces nothing; while that part of the consumption which represents the wages of productive workmen; is an employment of funds; not an expenditure。 Thus; the nation; when it forms manufacturing establishments; does not diminish its consumption; it consumes; in a productive manner; what it formerly consumed unproductively。 Still; however; this employment of the national produce in giving movement to new labour; though it does not destroy the balance between production and consumption; renders it much more complex。 The new produce thus obtained must; at last; find a consumer; and though it may be generally affirmed; that to increase the labour is to increase the wealth; and with it in a similar proportion the revenue and the consumption; still it is any thing but proved; that by too rapid an increase of its labour a nation may not altogether deviate from the proper rate of consumption; and thus ruin itself by economy as well as prodigality。 Happily; in most cases; the increase of capital; of revenue and of consumption; requires no superintendence; they proceed; of their own accord; with an equal pace; and when one of them; at any time; happens to pass the others for an instant; foreign commerce is almost always ready to restore the equilibrium。 We have designedly carried on our history of the formation and progress of wealth thus far; without mentioning a circulating medium; to show; that; in fact; such an instrument is not necessary for its development。 A circulating medium did not create wealth; but it simplified all the relations; and facilitated all the transactions of commerce; it gave to each the means of finding sooner what suited him best; and thus presenting an advantage to every one; it still further increased the wealth; which was already increasing without it。 The precious metals are one of the numerous values produced by the labour of man; and applicable to his use。 It was soon discovered that they; more than any other species of riches; possessed the property of being preserved without alteration for any length of time; and the no less valuable one of uniting easily into a single whole; after being divided almost infinitely。 The two halves of a piece of cloth; of a fleece; and still less of an ox; … though these are supposed to have once been employed as money; … were not worth the whole; but the two halves; the four quarters of a pound of gold are always; and will be; a pound of gold; however long they may be kept。 As the first exchange of which men feel the need; is that which enables them to preserve the fruit of their labour for a future season; every one became eager to get precious metals in exchange for his commodity; whatever it might be; not because he at all intended to use those metals himself; but because he was sure of being able to exchange them at any time afterwards; in the same manner; and for the same reason; against whatever article he might then need。 From that time the precious metals began to he sought after; not that they might be employed in the use of man; as ornaments or utensils; but that they might be accumulated; at first; as representing every species of wealth; and then that they might be used in commerce; as the means of facilitating all kinds of exchange。 Gold dust; in its primitive state; continues; even now; to be the medium of exchange among the African nations。 But when once the value of gold comes to be universally admitted; there remains but a single step; much easier and far less important; till it be converted into coin; which warrants; by a legal stamp; the weight and the fineness of every particle of the precious metals employed in circulation。 The invention of money gave quite a new activity to exchange。 Whoever happened to possess any superfluity had no longer occasion to seek the article likely to be needed in time to come。 He no longer delayed selling his corn till he should meet the oil…merchant or the wool…dealer to offer them the thing they wanted; he reckoned it enough to find money; being certain that for this he could always obtain any required commodity。 The buyer; too; on his side; needed not to study what would suit the seller: money was always sure to satisfy all his demands。 Before the invention of a circulating medium; a fortunate concurrence of conveniences was requisite for an exchange: whereas after this invention; there could scarcely be a buyer that did not find a seller; or a seller who did not find a buyer。 As exchanges; and afterwards sales and purchases; were voluntary; it might be inferred that all values were given for values completely equal。 It is more correct; however; to say; that bargains were never made without advantages to both parties。 The seller found a profit in selling; the buyer in buying。 The one drew more advantages from the money which he received; than he would have done from h