Book contents
- Frontmatter
- Contents
- Acknowledgements
- Introduction
- Chronology
- Bibliographical notes
- A note on the text and the edition
- Biographical notes
- Bibliography
- Political Essays
- 1 Of the liberty of the press
- 2 That politics may be reduced to a science
- 3 Of the first principles of government
- 4 Of the origin of government
- 5 Of the independency of Parliament
- 6 Whether the British government inclines more to absolute monarchy, or to a republic
- 7 Of parties in general
- 8 Of the parties of Great Britain
- 9 Of superstition and enthusiasm
- 10 Of civil liberty
- 11 Of the rise and progress of the arts and sciences
- 12 Of national characters
- 13 Of commerce
- 14 Of refinement in the arts
- 15 Of money
- 16 Of interest
- 17 Of the balance of trade
- 18 Of the jealousy of trade
- 19 Of the balance of power
- 20 Of taxes
- 21 Of public credit
- 22 Of some remarkable customs
- 23 Of the original contract
- 24 Of passive obedience
- 25 Of the coalition of parties
- 26 Of the Protestant succession
- 27 Idea of a perfect commonwealth
- Appendix: Excerpts from Hume's History of England
- Notes
- Index
- Title in the Series
17 - Of the balance of trade
Published online by Cambridge University Press: 05 June 2012
- Frontmatter
- Contents
- Acknowledgements
- Introduction
- Chronology
- Bibliographical notes
- A note on the text and the edition
- Biographical notes
- Bibliography
- Political Essays
- 1 Of the liberty of the press
- 2 That politics may be reduced to a science
- 3 Of the first principles of government
- 4 Of the origin of government
- 5 Of the independency of Parliament
- 6 Whether the British government inclines more to absolute monarchy, or to a republic
- 7 Of parties in general
- 8 Of the parties of Great Britain
- 9 Of superstition and enthusiasm
- 10 Of civil liberty
- 11 Of the rise and progress of the arts and sciences
- 12 Of national characters
- 13 Of commerce
- 14 Of refinement in the arts
- 15 Of money
- 16 Of interest
- 17 Of the balance of trade
- 18 Of the jealousy of trade
- 19 Of the balance of power
- 20 Of taxes
- 21 Of public credit
- 22 Of some remarkable customs
- 23 Of the original contract
- 24 Of passive obedience
- 25 Of the coalition of parties
- 26 Of the Protestant succession
- 27 Idea of a perfect commonwealth
- Appendix: Excerpts from Hume's History of England
- Notes
- Index
- Title in the Series
Summary
It is very usual, in nations ignorant of the nature of commerce, to prohibit the exportation of commodities, and to preserve among themselves whatever they think valuable and useful. They do not consider, that, in this prohibition, they act directly contrary to their intention; and that the more is exported of any commodity, the more will be raised at home, of which they themselves will always have the first offer.
It is well known to the learned, that the ancient laws of Athens rendered the exportation of figs criminal; that being supposed a species of fruit so excellent in Attica, that the Athenians deemed it too delicious for the palate of any foreigner. And in this ridiculous prohibition they were so much in earnest, that informers were thence called sycophants among them, from two Greek words, which signify figs and discoverer. There are proofs in many old acts of parliament of the same ignorance in the nature of commerce, particularly in the reign of Edward III. And to this day, in France, the exportation of corn is almost always prohibited; in order, as they say, to prevent famines; though it is evident, that nothing contributes more to the frequent famines, which so much distress that fertile country.
The same jealous fear, with regard to money, has also prevailed among several nations; and it required both reason and experience to convince any people, that these prohibitions serve to no other purpose than to raise the exchange against them, and produce a still greater exportation.
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- Information
- Hume: Political Essays , pp. 136 - 149Publisher: Cambridge University PressPrint publication year: 1994
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