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第31章

wealbk02-第31章

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proportion to the extent of the land and the number of its

inhabitants; by far the richest country in Europe; has;

accordingly; the greatest share of the carrying trade of Europe。

England; perhaps the second richest country of Europe; is

likewise supposed to have a considerable share of it; though what

commonly passes for the carrying trade of England will

frequently; perhaps; be found to be no more than a round…about

foreign trade of consumption。 Such are; in a great measure; the

trades which carry the goods of the East and West Indies; and of

America; to different European markets。 Those goods are generally

purchased either immediately with the produce of British

industry; or with something else which had been purchased with

that produce; and the final returns of those trades are generally

used or consumed in Great Britain。 The trade which is carried on

in British bottoms between the different ports of the

Mediterranean; and some trade of the same kind carried on by

British merchants between the different ports of India; make;

perhaps; the principal branches of what is properly the carrying

trade of Great Britain。

     The extent of the home trade and of the capital which can be

employed in it; is necessarily limited by the value of the

surplus produce of all those distant places within the country

which have occasion to exchange their respective productions with

another: that of the foreign trade of consumption; by the value

of the surplus produce of the whole country and of what can be

purchased with it: that of the carrying trade by the value of the

surplus produce of all the different countries in the world。 Its

possible extent; therefore; is in a manner infinite in comparison

of that of the other two; and is capable of absorbing the

greatest capitals。

     The consideration of his own private profit is the sole

motive which determines the owner of any capital to employ it

either in agriculture; in manufactures; or in some particular

branch of the wholesale or retail trade。 The different quantities

of productive labour which it may put into motion; and the

different values which it may add to the annual; produce of the

land and labour of the society; according as it is employed in

one or other of those different ways; never enter into his

thoughts。 In countries; therefore; where agriculture is the most

profitable of all employments; and farming and improving the most

direct roads to a splendid fortune; the capitals of individuals

will naturally be employed in the manner most advantageous to the

whole society。 The profits of agriculture; however; seem to have

no superiority over those of other employments in any part of

Europe。 Projectors; indeed; in every corner of it; have within

these few years amused the public with most magnificent accounts

of the profits to be made by the cultivation and improvement of

land。 Without entering into any particular discussion of their

calculations; a very simple observation may satisfy us that the

result of them must be false。 We see every day the most splendid

fortunes that have been acquired in the course of a single life

by trade and manufacturers; frequently from a very small capital;

sometimes from no capital。 A single instance of such a fortune

acquired by agriculture in the same time; and from such a

capital; has not; perhaps; occurred in Europe during the course

of the present century。 In all the great countries of Europe;

however; much good land still remains uncultivated; and the

greater part of what is cultivated is far from being improved to

the degree of which it is capable。 Agriculture; therefore; is

almost everywhere capable of absorbing a much greater capital

than has ever yet been employed in it。 What circumstances in the

policy of Europe have given the trades which are carried on in

towns so great an advantage over that which is carried on in the

country that private persons frequently find it more for their

advantage to employ their capitals in the most distant carrying

trades of Asia and America than in the improvement and

cultivation of the most fertile fields in their own

neighbourhood; I shall endeavour to explain at full length in the

two following books。




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