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?©d?©ric, 1801-1850

"Essays on Political Economy"

_" When Shem, Ham, and Japhet divided amongst themselves the
vast solitudes of this earth, they surely might each of them build,
drain, sow, reap, and obtain improved lodging, food and clothing, and
better instruction, perfect and enrich themselves--in short, increase
their enjoyments, without causing a necessary diminution in the
corresponding enjoyments of their brothers. It is the same with two
nations.
B. There is no doubt that two nations, the same as two men,
unconnected with each other, may, by working more, and working better,
prosper at the same time, without injuring each other. It is not this
which is denied by the axioms of Montaigne and Bacon. They only mean to
say, that in the transactions which take place between two nations or
two men, if one gains, the other must lose. And this is self-evident, as
exchange adds nothing by itself to the mass of those useful things of
which you were speaking; for if, after the exchange, one of the parties
is found to have gained something, the other will, of course, be found
to have lost something.
F. You have formed a very incomplete, nay a false idea of exchange. If
Shem is located upon a plain which is fertile in corn, Japhet upon a
slope adapted for growing the vine, Ham upon a rich pasturage,--the
distinction of their occupations, far from hurting any of them, might
cause all three to prosper more.


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