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applications¡¡to¡¡social¡¡philosophy

by¡¡John¡¡Stuart¡¡Mill





Preliminary¡¡Remarks



¡¡¡¡¡¡¡¡In¡¡every¡¡department¡¡of¡¡human¡¡affairs£»¡¡Practice¡¡long¡¡precedes

Science¡¡systematic¡¡enquiry¡¡into¡¡the¡¡modes¡¡of¡¡action¡¡of¡¡the¡¡powers

of¡¡nature£»¡¡is¡¡the¡¡tardy¡¡product¡¡of¡¡a¡¡long¡¡course¡¡of¡¡efforts¡¡to

use¡¡those¡¡powers¡¡for¡¡practical¡¡ends¡£¡¡The¡¡conception£»¡¡accordingly£»

of¡¡Political¡¡Economy¡¡as¡¡a¡¡branch¡¡of¡¡science¡¡is¡¡extremely¡¡modern£»

but¡¡the¡¡subject¡¡with¡¡which¡¡its¡¡enquiries¡¡are¡¡conversant¡¡has¡¡in

all¡¡ages¡¡necessarily¡¡constituted¡¡one¡¡of¡¡the¡¡chief¡¡practical

interests¡¡of¡¡mankind£»¡¡and£»¡¡in¡¡some£»¡¡a¡¡most¡¡unduly¡¡engrossing¡¡one¡£

¡¡¡¡¡¡¡¡That¡¡subject¡¡is¡¡Wealth¡£¡¡Writers¡¡on¡¡Political¡¡Economy¡¡profess

to¡¡teach£»¡¡or¡¡to¡¡investigate£»¡¡the¡¡nature¡¡of¡¡Wealth£»¡¡and¡¡the¡¡laws

of¡¡its¡¡production¡¡and¡¡distribution£º¡¡including£»¡¡directly¡¡or

remotely£»¡¡the¡¡operation¡¡of¡¡all¡¡the¡¡causes¡¡by¡¡which¡¡the¡¡condition

of¡¡mankind£»¡¡or¡¡of¡¡any¡¡society¡¡of¡¡human¡¡beings£»¡¡in¡¡respect¡¡to¡¡this

universal¡¡object¡¡of¡¡human¡¡desire£»¡¡is¡¡made¡¡prosperous¡¡or¡¡the

reverse¡£¡¡Not¡¡that¡¡any¡¡treatise¡¡on¡¡Political¡¡Economy¡¡can¡¡discuss

or¡¡even¡¡enumerate¡¡all¡¡these¡¡causes£»¡¡but¡¡it¡¡undertakes¡¡to¡¡set

forth¡¡as¡¡much¡¡as¡¡is¡¡known¡¡of¡¡the¡¡laws¡¡and¡¡principles¡¡according¡¡to

which¡¡they¡¡operate¡£

¡¡¡¡¡¡¡¡Every¡¡one¡¡has¡¡a¡¡notion£»¡¡sufficiently¡¡correct¡¡for¡¡common

purposes£»¡¡of¡¡what¡¡is¡¡meant¡¡by¡¡wealth¡£¡¡The¡¡enquiries¡¡which¡¡relate

to¡¡it¡¡are¡¡in¡¡no¡¡danger¡¡of¡¡being¡¡confounded¡¡with¡¡those¡¡relating¡¡to

any¡¡other¡¡of¡¡the¡¡great¡¡human¡¡interests¡£¡¡All¡¡know¡¡that¡¡it¡¡is¡¡one

thing¡¡to¡¡be¡¡rich£»¡¡another¡¡thing¡¡to¡¡be¡¡enlightened£»¡¡brave£»¡¡or

humane£»¡¡that¡¡the¡¡questions¡¡how¡¡a¡¡nation¡¡is¡¡made¡¡wealthy£»¡¡and¡¡how

it¡¡is¡¡made¡¡free£»¡¡or¡¡virtuous£»¡¡or¡¡eminent¡¡in¡¡literature£»¡¡in¡¡the

fine¡¡arts£»¡¡in¡¡arms£»¡¡or¡¡in¡¡polity£»¡¡are¡¡totally¡¡distinct¡¡enquiries¡£

Those¡¡things£»¡¡indeed£»¡¡are¡¡all¡¡indirectly¡¡connected£»¡¡and¡¡react

upon¡¡one¡¡another¡£¡¡A¡¡people¡¡has¡¡sometimes¡¡become¡¡free£»¡¡because¡¡it

had¡¡first¡¡grown¡¡wealthy£»¡¡or¡¡wealthy£»¡¡because¡¡it¡¡had¡¡first¡¡become

free¡£¡¡The¡¡creed¡¡and¡¡laws¡¡of¡¡a¡¡people¡¡act¡¡powerfully¡¡upon¡¡their

economical¡¡condition£»¡¡and¡¡this¡¡again£»¡¡by¡¡its¡¡influence¡¡on¡¡their

mental¡¡development¡¡and¡¡social¡¡relations£»¡¡reacts¡¡upon¡¡their¡¡creed

and¡¡laws¡£¡¡But¡¡though¡¡the¡¡subjects¡¡are¡¡in¡¡very¡¡close¡¡contact£»¡¡they

are¡¡essentially¡¡different£»¡¡and¡¡have¡¡never¡¡been¡¡supposed¡¡to¡¡be

otherwise¡£

¡¡¡¡¡¡¡¡It¡¡is¡¡no¡¡part¡¡of¡¡the¡¡design¡¡of¡¡this¡¡treatise¡¡to¡¡aim¡¡at

metaphysical¡¡nicety¡¡of¡¡definition£»¡¡where¡¡the¡¡ideas¡¡suggested¡¡by¡¡a

term¡¡are¡¡already¡¡as¡¡determinate¡¡as¡¡practical¡¡purposes¡¡require¡£

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question£»¡¡what¡¡is¡¡to¡¡be¡¡considered¡¡as¡¡weaLth£»¡¡it¡¡is¡¡matter¡¡of

history£»¡¡that¡¡such¡¡confusion¡¡of¡¡ideas¡¡has¡¡existed¡­that¡¡theorists

and¡¡practical¡¡poLiticians¡¡have¡¡been¡¡equally¡¡and¡¡at¡¡one¡¡period

universally£»¡¡infected¡¡by¡¡it£»¡¡and¡¡that¡¡for¡¡many¡¡generations¡¡it

gave¡¡a¡¡thoroughly¡¡faLse¡¡direction¡¡to¡¡the¡¡policy¡¡of¡¡Europe¡£¡¡I

refer¡¡to¡¡the¡¡set¡¡of¡¡doctrines¡¡designated£»¡¡since¡¡the¡¡time¡¡of¡¡Adam

Smith£»¡¡by¡¡the¡¡appellation¡¡of¡¡the¡¡Mercantile¡¡System¡£

¡¡¡¡¡¡¡¡While¡¡this¡¡system¡¡prevailed£»¡¡it¡¡was¡¡assumed£»¡¡either¡¡expressly

or¡¡tacitly£»¡¡in¡¡the¡¡whole¡¡policy¡¡of¡¡nations£»¡¡that¡¡wealth¡¡consisted

solely¡¡of¡¡money£»¡¡or¡¡of¡¡the¡¡precious¡¡metals£»¡¡which£»¡¡when¡¡not

already¡¡in¡¡the¡¡state¡¡of¡¡money£»¡¡are¡¡capable¡¡of¡¡being¡¡directly

converted¡¡into¡¡it¡£¡¡According¡¡to¡¡the¡¡doctrines¡¡then¡¡prevalent£»

whatever¡¡tended¡¡to¡¡heap¡¡up¡¡money¡¡or¡¡bullion¡¡in¡¡a¡¡country¡¡added¡¡to

its¡¡wealth¡£¡¡Whatever¡¡sent¡¡the¡¡precious¡¡metals¡¡out¡¡of¡¡a¡¡country

impoverished¡¡it¡£¡¡If¡¡a¡¡country¡¡possessed¡¡no¡¡gold¡¡or¡¡silver¡¡mines£»

the¡¡only¡¡industry¡¡by¡¡which¡¡it¡¡could¡¡be¡¡enriched¡¡was¡¡foreign

trade£»¡¡being¡¡the¡¡only¡¡one¡¡which¡¡could¡¡bring¡¡in¡¡money¡£¡¡Any¡¡branch

of¡¡trade¡¡which¡¡was¡¡supposed¡¡to¡¡send¡¡out¡¡more¡¡money¡¡than¡¡it

brought¡¡in£»¡¡however¡¡ample¡¡and¡¡valuable¡¡might¡¡be¡¡the¡¡returns¡¡in

another¡¡shape£»¡¡was¡¡looked¡¡upon¡¡as¡¡a¡¡losing¡¡trade¡£¡¡Exportation¡¡of

goods¡¡was¡¡favoured¡¡and¡¡encouraged¡¡£¨even¡¡by¡¡means¡¡extremely

onerous¡¡to¡¡the¡¡real¡¡resources¡¡of¡¡the¡¡country£©£»¡¡because£»¡¡the

exported¡¡goods¡¡being¡¡stipulated¡¡to¡¡be¡¡paid¡¡for¡¡in¡¡money£»¡¡it¡¡was

hoped¡¡that¡¡the¡¡returns¡¡would¡¡actually¡¡be¡¡made¡¡in¡¡gold¡¡and¡¡silver¡£

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regarded¡¡as¡¡a¡¡loss¡¡to¡¡the¡¡nation¡¡of¡¡the¡¡whole¡¡price¡¡of¡¡the¡¡things

imported£»¡¡unless¡¡they¡¡were¡¡brought¡¡in¡¡to¡¡be¡¡re¡­exported¡¡at¡¡a

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industry¡¡practised¡¡in¡¡the¡¡country¡¡itself£»¡¡they¡¡gave¡¡the¡¡power¡¡of

producing¡¡exportable¡¡articles¡¡at¡¡smaller¡¡cost£»¡¡and¡¡thereby

effecting¡¡a¡¡larger¡¡exportation¡£¡¡The¡¡commerce¡¡of¡¡the¡¡world¡¡was

looked¡¡upon¡¡as¡¡a¡¡struggle¡¡among¡¡nations£»¡¡which¡¡could¡¡draw¡¡to

itself¡¡the¡¡largest¡¡share¡¡of¡¡the¡¡gold¡¡and¡¡silver¡¡in¡¡existence£»¡¡and

in¡¡this¡¡competition¡¡no¡¡nation¡¡could¡¡gain¡¡anything£»¡¡except¡¡by

making¡¡others¡¡lose¡¡as¡¡much£»¡¡or£»¡¡at¡¡the¡¡least£»¡¡preventing¡¡them

from¡¡gaining¡¡it¡£

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extraordinary¡¡effort¡¡of¡¡genius¡¡and¡¡courage£»¡¡could¡¡at¡¡that¡¡time¡¡be

free¡­becomes¡¡to¡¡a¡¡subsequent¡¡age¡¡so¡¡palpable¡¡an¡¡absurdity£»¡¡that

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have¡¡appeared¡¡credible¡£¡¡It¡¡has¡¡so¡¡happened¡¡with¡¡the¡¡doctrine¡¡that

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by¡¡the¡¡ordinary¡¡course¡¡of¡¡business£»¡¡concurred¡¡in¡¡promoting¡¡it¡£¡¡So

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one¡¡was¡¡likely¡¡to¡¡think¡¡of¡¡questioning¡¡it¡¡whose¡¡mind¡¡had¡¡not

become¡¡familiar¡¡with¡¡certain¡¡modes¡¡of¡¡stating¡¡and¡¡of

contemplating¡¡economical¡¡phenomena£»¡¡which¡¡have¡¡only¡¡found¡¡their

way¡¡into¡¡the¡¡general¡¡understanding¡¡through¡¡the¡¡influence¡¡of¡¡Adam

Smith¡¡and¡¡of¡¡his¡¡expositors¡£

¡¡¡¡¡¡¡¡In¡¡common¡¡discourse£»¡¡wealth¡¡is¡¡always¡¡expressed¡¡in¡¡money¡£¡¡If

you¡¡ask¡¡how¡¡rich¡¡a¡¡person¡¡is£»¡¡you¡¡are¡¡answered¡¡that¡¡he¡¡has¡¡so

many¡¡thousand¡¡pounds¡£¡¡All¡¡income¡¡and¡¡expenditure£»¡¡all¡¡gains¡¡and

losses£»¡¡everything¡¡by¡¡which¡¡one¡¡becomes¡¡richer¡¡or¡¡poorer£»¡¡are

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true¡¡that¡¡in¡¡the¡¡inventory¡¡of¡¡a¡¡person's¡¡fortune¡¡are¡¡included£»

not¡¡only¡¡the¡¡money¡¡in¡¡his¡¡actual¡¡possession£»¡¡or¡¡due¡¡to¡¡him£»¡¡but

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same¡£¡¡It¡¡is¡¡true£»¡¡also£»¡¡that¡¡people¡¡do¡¡not¡¡grow¡¡rich¡¡by¡¡keeping

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order¡¡to¡¡gain¡£¡¡Those¡¡who¡¡enrich¡¡themselves¡¡by¡¡commerce£»¡¡do¡¡so¡¡by

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who¡¡buys¡¡goods¡¡for¡¡purposes¡¡of¡¡gain£»¡¡does¡¡so¡¡to¡¡sell¡¡them¡¡again

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to¡¡a¡¡value¡¡equivalent£»¡¡which¡¡are¡¡set¡¡off¡¡against¡¡those¡¡he¡¡sold¡£

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that¡¡they¡¡would¡¡bring¡¡in¡¡more¡¡money¡¡eventually¡¡than¡¡the¡¡price¡¡at

which¡¡they¡¡were¡¡made¡¡over¡¡to¡¡him¡£¡¡A¡¡dealer¡¡doing¡¡a¡¡large¡¡amount

of¡¡business£»¡¡and¡¡turning¡¡over¡¡his¡¡capital¡¡rapidly£»¡¡has¡¡but¡¡a

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feels¡¡it¡¡valuable¡¡to¡¡him¡¡as¡¡it¡¡is¡¡convertible¡¡into¡¡money£º¡¡he

considers¡¡no¡¡transaction¡¡closed¡¡until¡¡the¡¡net¡¡result¡¡is¡¡either

paid¡¡or¡¡credited¡¡in¡¡money¡£¡£¡¡when¡¡he

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