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The Natural System of Political Economy
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From the nation they draw all the benefits of civilisation, enlightenment, progress, and social and political institutions, as well as advances in the arts and sciences.
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… Following these examples every responsible government should strive to remove those obstacles that hinder the progress of civilisation and should stimulate the growth of those economic forces that a nation carries in its bosom.
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Educational facilities will be extended and better standards of morality will be established. Political institutions, too, will be improved. In this way a backward nation can develop into a progressive state.
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Finally, a nation should not regard the progress of industries from a purely economic point of view. Manufactures become a very important part of the nation's political and cultural heritage.
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We have already observed that the fortunes or misfortunes of individuals are dependent upon the maintenance of the independence and progress of the whole nation.
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Quote of the day
Good authors, too, who once knew better words Now only use four-letter words Writing prose — Anything goes.
Cole Porter
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Born:
August 6, 1789
Died:
November 30, 1846
(aged 57)
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