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All travellers agree that protestant are both richer and more populous than catholic countries; and the reason is, because the habits of the former are more conducive to production.
Jean-Baptiste Say
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The manner in which things exist and take place, constitutes what is called the nature of things; and a careful observation of the nature of things is the sole foundation of all truth.
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Capital cannot be more beneficially employed, then in strengthening and aiding the productive powers of nature.
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Some writers maintain arithmetic to be only the only sure guide in political economy; for my part, I see so many detestable systems built upon arithmetical statements, that I am rather inclined to regard that science as the instrument of national calamity.
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Thus, it is the aim of good government to stimulate production, of bad government to encourage consumption.
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The command of a large sum is a dangerous temptation to a national administration. Though accumulated at their expense, the people rarely, if ever profit by it: yet in point of fact, all value, and consequently, all wealth, originates with the people.
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Labour, upon whichever of those operations it be bestowed, is productive, because it concurs in the creation of a product. Thus the labour of the philosopher, whether experimental or literary, is productive; the labour of the adventurer or master-manufacturer is productive, although he perform no actual manual work; the labour of every operative workman is productive, from the common day-labourer in agriculture, to the pilot that governs the motion of a ship.
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A shop-keeper in good business is quite as well off as a pedlar that travels the country with his wares on his back. Commercial jealousy is, after all, nothing but prejudice: it is a wild fruit, that will drop of itself when it has arrived at maturity.
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But, is it possible for princes and ministers to be enlightened, when private individuals are not so?
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Whence it is evident that the remedy must be adapted to the particular cause of the mischief; consequently, the cause must be ascertained, before the remedy is devised.
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A nation or an individual, will do wisely to direct consumption chiefly to those articles, that are longest time in wearing out, and the most frequently in use.
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And let no government imagine, that, to strip them of the power of defrauding their subjects, is to deprive them of a valuable privilege. A system of swindling can never be long lived, and must infallibly in the end produce much more loss than profit.
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The love of domination never attains more than a factitious elevation, that is sure to make enemies of all its neighbours.
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But what must be the character of that policy, which aims at national prosperity through the impoverishment of a large proportion of the home producers, with a view to supply foreigners at a cheaper rate, and give them all the benifet of the national privation and self denial?
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The best scheme of finance is, to spend as little as possible; and the best tax is always the lightest.
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Quote of the day
I must have a prodigious quantity of mind; it takes me as much as a week sometimes to make it up.
Mark Twain
Jean-Baptiste Say
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Born:
January 5, 1767
Died:
November 15, 1832
(aged 65)
Bio:
Jean-Baptiste Say was a French economist and businessman. He had classically liberal views and argued in favor of competition, free trade, and lifting restraints on business.
Known for:
Jean-Baptiste Say and Political Economy
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