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list2-第58部分
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In concluding this chapter we must be permitted to put a few
questions to those who consider the whole doctrine of the balance
of trade as a mere exploded fallacy。
How is it that a decidedly and continuously disadvantageous
balance of trade has always and without exception been accompanied
in those countries to whose detriment it existed (with the
exception of colonies) by internal commercial crises; revolutions
in prices; financial difficulties; and general bankruptcies; both
in the public institutions of credit; and among the individual
merchants; manufacturers; and agriculturists?
How is it that in those nations which possessed a balance of
trade decidedly in their favour; the opposite appearances have
always been observed; and that commercial crises in the countries
with which such nations were connected commercially; have only
affected such nations detrimentally for periods which passed away
very quickly?
How is it that since Russia has produced for herself the
greatest part of the manufactured goods which she requires; the
balance of trade has been decidedly and lastingly in her favour;
that since that time nothing has been heard of economical
convulsions in Russia; and that since that time the internal
prosperity of that empire has increased year by year?
How is it that in the United States of North America the same
effects have always resulted from similar causes? How is it that in
the United States of North America; under the large importation of
manufactured goods which followed the 'Compromise bill;' the
balance of trade was for a series of years so decidedly adverse to
them; and that this appearance was accompanied by such great and
continuous convulsions in the internal economy of that nation?
How is it that we; at the present moment; see the United States
so glutted with primitive products of all kinds (cotton; tobacco;
cattle; corn; &c。) that the prices of them have fallen everywhere
one…half; and that at the same time these states are unable to
balance their exports with their imports; to satisfy their debt
contracted with England; and to put their credit again on sound
footing?
How is it; if no balance of trade exists; or if it does not
signify whether it is in our favour or not; if it is a matter of
indifference whether much or little of the precious metals flows to
foreign countries; that England in the case of failures of harvests
(the only case where the balance is adverse to her) strives; with
fear and trembling; to equalise her exports with her imports; that
she then carefully estimates every ounce of gold or silver which is
imported or exported; that her national bank endeavours most
anxiously to stop the exportation of precious metals and to promote
their importation how is it; we ask; if the balance of trade is
an 'exploded fallacy;' that at such a time no English newspaper can
be read wherein this 'exploded fallacy' is not treated as a matter
of the most important concern to the nation?
How is it that; in the United States of North America; the same
people who before the Compromise bill spoke of the balance of trade
as an exploded fallacy; since the Compromise bill cannot cease
speaking of this exploded fallacy as a matter of the utmost
importance to their country?
How is it; if the nature of things itself always suffices to
provide every country with exactly the quantity of precious metals
which it requires; that the Bank of England tries to turn this
so…called nature of things in her own favour by limiting her
credits and increasing her rates of discount; and that the American
banks are obliged from time to time to suspend their cash payments
till the imports of the United States are reduced to a tolerably
even balance with the exports?
NOTES:
1。 Wealth of Nations; book IV。 chapter iii。
Chapter 24
The Manufacturing Power and the Principle of Stability and
Continuity of Work
If we investigate the origin and progress of individual
branches of industry we shall find that they have only gradually
become possessed of improved methods of operation; machinery
buildings; advantages in production; experiences; and skill; and of
all those knowledges and connections which insure to them the
profitable purchase of their raw materials and the profitable sale
of their products。 We may rest assured that it is (as a rule)
incomparably easier to perfect and extend a business already
established than to found a new one。 We see everywhere old business
establishments that have lasted for a series of generations worked
with greater profits than new ones。 We observe that it is the more
difficult to set a new business going in proportion as fewer
branches of industry of a similar character already exist in a
nation; because; in that case; masters; foremen; and workmen must
first be either trained up at home or procured from abroad; and
because the profitableness of the business has not been
sufficiently tested to give capitalists confidence in its success。
If we compare the conditions of distinct classes of industry in any
nation at various periods; we everywhere find; that when special
causes had not operated to injure them; they have made remarkable
progress; not only in regard to cheapness of prices; but also with
respect to quantity and quality; from generation to generation。 On
the other hand; we observe that in consequence of external
injurious causes; such as wars and devastation of territory; &c。;
or oppressive tyrannical or fanatical measures of government and
finance (as e。g。 the revocation of the Edict of Nantes); whole
nations have been thrown back for centuries; either in their entire
industry or in certain branches of it; and have in this manner been
far outstripped by nations in comparison with which they had
previously been far advanced。
One can see at a glance that; as in all human institutions so
also in industry; a law of nature lies at the root of important
achievements which has much in common with the natural law of the
division of labour and of the confederation of the productive
forces; whose principle; namely; consists in the circumstance that
several generations following one another have equally united their
forces towards the attainment of one and the same object; and have
participated in like manner in the exertions needed to attain it。
It is the same principle which in the cases of hereditary
kingdoms has been incomparably more favourable to the maintenance
and increa
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