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?©d?©ric, 1801-1850

"Essays on Political Economy"

According to that, if the French had at their
disposal as much again of all these useful things, France would be twice
as rich, although the quantity of cash remained the same; but it would
not be the same if there were double the cash, for in that case the
amount of useful things would not increase.
B. The question to be decided is, whether the presence of a greater
number of crowns has not the effect, precisely, of augmenting the sum of
useful things?
F. What connexion can there be between these two terms? Food,
clothing, houses, fuel, all come from nature and from labour, from more
or less skilful labour exerted upon a more or less liberal nature.
B. You are forgetting one great force, which is--exchange. If you
acknowledge that this is a force, as you have admitted that crowns
facilitate it, you must also allow that they have an indirect power of
production.
F. But I have added, that a small quantity of rare metal facilitates
transactions as much as a large quantity of abundant metal; whence it
follows, that a people is not enriched by being _forced_ to give up
useful things for the sake of having more money.
B. Thus, it is your opinion that the treasures discovered in
California will not increase the wealth of the world?
F. I do not believe that, on the whole, they will add much to the
enjoyments, to the real satisfactions of mankind.


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