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The¡¡viceroy¡¡of¡¡Goa¡¡granted¡¡exclusive¡¡privileges¡¡to¡¡particular¡¡persons¡£¡¡The¡¡people¡¡had¡¡no¡¡confidence¡¡in¡¡these¡¡men£»¡¡and¡¡the¡¡commerce¡¡declined£»¡¡by¡¡the¡¡perpetual¡¡change¡¡of¡¡those¡¡to¡¡whom¡¡it¡¡was¡¡entrusted£»¡¡nobody¡¡took¡¡care¡¡to¡¡improve¡¡it£»¡¡or¡¡to¡¡leave¡¡it¡¡entire¡¡to¡¡his¡¡successor¡£¡¡In¡¡short£»¡¡the¡¡profit¡¡centred¡¡in¡¡a¡¡few¡¡hands£»¡¡and¡¡was¡¡not¡¡sufficiently¡¡extended¡£

21¡£¡¡Of¡¡the¡¡Commerce¡¡of¡¡the¡¡Nobility¡¡in¡¡a¡¡Monarchy¡£¡¡In¡¡a¡¡monarchical¡¡government£»¡¡it¡¡is¡¡contrary¡¡to¡¡the¡¡spirit¡¡of¡¡commerce¡¡that¡¡any¡¡of¡¡the¡¡nobility¡¡should¡¡be¡¡merchants¡£¡¡¡¨This£»¡¨¡¡said¡¡the¡¡Emperors¡¡Honorius¡¡and¡¡Theodosius£»£§17£§¡¡¡¨would¡¡be¡¡pernicious¡¡to¡¡cities£»¡¡and¡¡would¡¡remove¡¡the¡¡facility¡¡of¡¡buying¡¡and¡¡selling¡¡between¡¡the¡¡merchants¡¡and¡¡the¡¡plebeians¡£¡¨

It¡¡is¡¡contrary¡¡to¡¡the¡¡spirit¡¡of¡¡monarchy¡¡to¡¡admit¡¡the¡¡nobility¡¡into¡¡commerce¡£¡¡The¡¡custom¡¡of¡¡suffering¡¡the¡¡nobility¡¡of¡¡England¡¡to¡¡trade¡¡is¡¡one¡¡of¡¡those¡¡things¡¡which¡¡has¡¡there¡¡mostly¡¡contributed¡¡to¡¡weaken¡¡the¡¡monarchical¡¡government¡£

22¡£¡¡A¡¡singular¡¡Reflection¡£¡¡Persons¡¡struck¡¡with¡¡the¡¡practice¡¡of¡¡some¡¡states¡¡imagine¡¡that¡¡in¡¡France¡¡they¡¡ought¡¡to¡¡make¡¡laws¡¡to¡¡engage¡¡the¡¡nobility¡¡to¡¡enter¡¡into¡¡commerce¡£¡¡But¡¡these¡¡laws¡¡would¡¡be¡¡the¡¡means¡¡of¡¡destroying¡¡the¡¡nobility£»¡¡without¡¡being¡¡of¡¡any¡¡advantage¡¡to¡¡trade¡£¡¡The¡¡practice¡¡of¡¡this¡¡country¡¡is¡¡extremely¡¡wise£»¡¡merchants¡¡are¡¡not¡¡nobles£»¡¡though¡¡they¡¡may¡¡become¡¡so¡£¡¡They¡¡have¡¡the¡¡hopes¡¡of¡¡obtaining¡¡a¡¡degree¡¡of¡¡nobility£»¡¡unattended¡¡with¡¡its¡¡actual¡¡inconveniences¡£¡¡There¡¡is¡¡no¡¡surer¡¡way¡¡of¡¡being¡¡advanced¡¡above¡¡their¡¡profession¡¡than¡¡to¡¡manage¡¡it¡¡well£»¡¡or¡¡with¡¡success£»¡¡the¡¡consequence¡¡of¡¡which¡¡is¡¡generally¡¡an¡¡affluent¡¡fortune¡£

Laws¡¡which¡¡oblige¡¡every¡¡one¡¡to¡¡continue¡¡in¡¡his¡¡profession£»¡¡and¡¡to¡¡devolve¡¡it¡¡upon¡¡his¡¡children£»¡¡neither¡¡are¡¡nor¡¡can¡¡be¡¡of¡¡use¡¡in¡¡any¡¡but¡¡despotic¡¡kingdoms£»¡¡where¡¡nobody¡¡either¡¡can¡¡or¡¡ought¡¡to¡¡have¡¡emulation¡££§18£§

Let¡¡none¡¡say¡¡that¡¡every¡¡one¡¡will¡¡succeed¡¡better¡¡in¡¡his¡¡profession¡¡when¡¡he¡¡cannot¡¡change¡¡it¡¡for¡¡another£º¡¡I¡¡say¡¡that¡¡a¡¡person¡¡will¡¡succeed¡¡best¡¡when¡¡those¡¡who¡¡have¡¡excelled¡¡hope¡¡to¡¡rise¡¡to¡¡another¡£

The¡¡possibility¡¡of¡¡purchasing¡¡honour¡¡with¡¡gold¡¡encourages¡¡many¡¡merchants¡¡to¡¡put¡¡themselves¡¡in¡¡circumstances¡¡by¡¡which¡¡they¡¡may¡¡attain¡¡it¡£¡¡I¡¡do¡¡not¡¡take¡¡it¡¡upon¡¡me¡¡to¡¡examine¡¡the¡¡justice¡¡of¡¡thus¡¡bartering¡¡for¡¡money¡¡the¡¡price¡¡of¡¡virtue¡£¡¡There¡¡are¡¡governments¡¡where¡¡this¡¡may¡¡be¡¡very¡¡useful¡£

In¡¡France¡¡the¡¡dignity¡¡of¡¡the¡¡long¡¡robe£»¡¡which¡¡places¡¡those¡¡who¡¡wear¡¡it¡¡between¡¡the¡¡great¡¡nobility¡¡and¡¡the¡¡people£»¡¡and¡¡without¡¡having¡¡such¡¡shining¡¡honours¡¡as¡¡the¡¡former£»¡¡has¡¡all¡¡their¡¡privileges£»¡¡a¡¡dignity¡¡which£»¡¡while¡¡this¡¡body£»¡¡the¡¡depositary¡¡of¡¡the¡¡laws£»¡¡is¡¡encircled¡¡with¡¡glory£»¡¡leaves¡¡the¡¡private¡¡members¡¡in¡¡a¡¡mediocrity¡¡of¡¡fortune£»¡¡a¡¡dignity¡¡in¡¡which¡¡there¡¡are¡¡no¡¡other¡¡means¡¡of¡¡distinction¡¡but¡¡by¡¡a¡¡superior¡¡capacity¡¡and¡¡virtue£»¡¡yet¡¡which¡¡still¡¡leaves¡¡in¡¡view¡¡one¡¡much¡¡more¡¡illustrious£º¡¡the¡¡warlike¡¡nobility£»¡¡likewise£»¡¡who¡¡conceive¡¡that£»¡¡whatever¡¡degree¡¡of¡¡wealth¡¡they¡¡are¡¡possessed¡¡of£»¡¡they¡¡may¡¡still¡¡increase¡¡their¡¡fortunes£»¡¡who¡¡are¡¡ashamed¡¡of¡¡augmenting£»¡¡if¡¡they¡¡begin¡¡not¡¡with¡¡dissipating£»¡¡their¡¡estates£»¡¡who¡¡always¡¡serve¡¡their¡¡prince¡¡with¡¡their¡¡whole¡¡capital¡¡stock£»¡¡and¡¡when¡¡that¡¡is¡¡sunk¡¡make¡¡room¡¡for¡¡others£»¡¡who¡¡follow¡¡their¡¡example£»¡¡who¡¡take¡¡the¡¡field¡¡that¡¡they¡¡may¡¡never¡¡be¡¡reproached¡¡with¡¡not¡¡having¡¡been¡¡there£»¡¡who£»¡¡when¡¡they¡¡can¡¡no¡¡longer¡¡hope¡¡for¡¡riches£»¡¡live¡¡in¡¡expectation¡¡of¡¡honours£»¡¡and¡¡when¡¡they¡¡have¡¡not¡¡obtained¡¡the¡¡latter£»¡¡enjoy¡¡the¡¡consolation¡¡of¡¡having¡¡acquired¡¡glory£º¡¡all¡¡these¡¡things¡¡together¡¡have¡¡necessarily¡¡contributed¡¡to¡¡augment¡¡the¡¡grandeur¡¡of¡¡this¡¡kingdom£»¡¡and¡¡if¡¡for¡¡two¡¡or¡¡three¡¡centuries¡¡it¡¡has¡¡been¡¡incessantly¡¡increasing¡¡in¡¡power£»¡¡this¡¡must¡¡be¡¡attributed¡¡not¡¡to¡¡Fortune£»¡¡who¡¡was¡¡never¡¡famed¡¡for¡¡constancy£»¡¡but¡¡to¡¡the¡¡goodness¡¡of¡¡its¡¡laws¡£

23¡£¡¡To¡¡what¡¡Nations¡¡Commerce¡¡is¡¡prejudicial¡£¡¡Riches¡¡consist¡¡either¡¡in¡¡lands¡¡or¡¡in¡¡movable¡¡effects¡£¡¡The¡¡soil¡¡of¡¡every¡¡country¡¡is¡¡commonly¡¡possessed¡¡by¡¡the¡¡natives¡£¡¡The¡¡laws¡¡of¡¡most¡¡states¡¡render¡¡foreigners¡¡unwilling¡¡to¡¡purchase¡¡their¡¡lands£»¡¡and¡¡nothing¡¡but¡¡the¡¡presence¡¡of¡¡the¡¡owner¡¡improves¡¡them£º¡¡this¡¡kind¡¡of¡¡riches£»¡¡therefore£»¡¡belongs¡¡to¡¡every¡¡state¡¡in¡¡particular£»¡¡but¡¡movable¡¡effects£»¡¡as¡¡money£»¡¡notes£»¡¡bills¡¡of¡¡exchange£»¡¡stocks¡¡in¡¡companies£»¡¡vessels£»¡¡and£»¡¡in¡¡fine£»¡¡all¡¡merchandise£»¡¡belong¡¡to¡¡the¡¡whole¡¡world¡¡in¡¡general£»¡¡in¡¡this¡¡respect£»¡¡it¡¡is¡¡composed¡¡of¡¡but¡¡one¡¡single¡¡state£»¡¡of¡¡which¡¡all¡¡the¡¡societies¡¡upon¡¡earth¡¡are¡¡members¡£¡¡The¡¡people¡¡who¡¡possess¡¡more¡¡of¡¡these¡¡movable¡¡effects¡¡than¡¡any¡¡other¡¡on¡¡the¡¡globe¡¡are¡¡the¡¡most¡¡opulent¡£¡¡Some¡¡states¡¡have¡¡an¡¡immense¡¡quantity¡¡acquired¡¡by¡¡their¡¡commodities£»¡¡by¡¡the¡¡labour¡¡of¡¡their¡¡mechanics£»¡¡by¡¡their¡¡industry£»¡¡by¡¡their¡¡discoveries£»¡¡and¡¡even¡¡by¡¡chance¡£¡¡The¡¡avarice¡¡of¡¡nations¡¡makes¡¡them¡¡quarrel¡¡for¡¡the¡¡movables¡¡of¡¡the¡¡whole¡¡universe¡£¡¡If¡¡we¡¡could¡¡find¡¡a¡¡state¡¡so¡¡unhappy¡¡as¡¡to¡¡be¡¡deprived¡¡of¡¡the¡¡effects¡¡of¡¡other¡¡countries£»¡¡and¡¡at¡¡the¡¡same¡¡time¡¡of¡¡almost¡¡all¡¡its¡¡own£»¡¡the¡¡proprietors¡¡of¡¡the¡¡lands¡¡would¡¡be¡¡only¡¡planters¡¡to¡¡foreigners¡£¡¡This¡¡state£»¡¡wanting¡¡all£»¡¡could¡¡acquire¡¡nothing£»¡¡therefore£»¡¡it¡¡would¡¡be¡¡much¡¡better¡¡for¡¡the¡¡inhabitants¡¡not¡¡to¡¡have¡¡the¡¡least¡¡commerce¡¡with¡¡any¡¡nation¡¡upon¡¡earth£»¡¡for¡¡commerce¡¡in¡¡these¡¡circumstances¡¡must¡¡necessarily¡¡lead¡¡them¡¡to¡¡poverty¡£

A¡¡country¡¡that¡¡constantly¡¡exports¡¡fewer¡¡manufactures¡¡or¡¡commodities¡¡than¡¡it¡¡receives¡¡will¡¡soon¡¡find¡¡the¡¡balance¡¡sinking£»¡¡it¡¡will¡¡receive¡¡less¡¡and¡¡less£»¡¡until£»¡¡falling¡¡into¡¡extreme¡¡poverty£»¡¡it¡¡will¡¡receive¡¡nothing¡¡at¡¡all¡£

In¡¡trading¡¡countries¡¡the¡¡specie£»¡¡which¡¡suddenly¡¡vanishes£»¡¡quickly¡¡returns£»¡¡because¡¡those¡¡nations¡¡that¡¡have¡¡received¡¡it¡¡are¡¡its¡¡debtors¡£¡¡But¡¡it¡¡never¡¡returns¡¡into¡¡those¡¡states¡¡of¡¡which¡¡we¡¡have¡¡just¡¡been¡¡speaking£»¡¡because¡¡those¡¡who¡¡have¡¡received¡¡it¡¡owe¡¡them¡¡nothing¡£

Poland¡¡will¡¡serve¡¡us¡¡for¡¡an¡¡example¡£¡¡It¡¡has¡¡scarcely¡¡any¡¡of¡¡those¡¡things¡¡which¡¡we¡¡call¡¡the¡¡movable¡¡effects¡¡of¡¡the¡¡universe£»¡¡except¡¡corn£»¡¡the¡¡produce¡¡of¡¡its¡¡lands¡£¡¡Some¡¡of¡¡the¡¡lords¡¡possess¡¡entire¡¡provinces£»¡¡they¡¡oppress¡¡the¡¡husbandmen£»¡¡in¡¡order¡¡to¡¡have¡¡greater¡¡quantities¡¡of¡¡corn£»¡¡which¡¡they¡¡send¡¡to¡¡strangers£»¡¡to¡¡procure¡¡the¡¡superfluous¡¡demands¡¡of¡¡luxury¡£¡¡If¡¡Poland¡¡had¡¡no¡¡foreign¡¡trade£»¡¡its¡¡inhabitants¡¡would¡¡be¡¡happier¡£¡¡The¡¡grandees£»¡¡who¡¡would¡¡have¡¡only¡¡their¡¡corn£»¡¡would¡¡give¡¡it¡¡to¡¡their¡¡peasants¡¡for¡¡subsistence£»¡¡as¡¡their¡¡too¡¡extensive¡¡estates¡¡would¡¡become¡¡burdensome£»¡¡they¡¡would¡¡divide¡¡them¡¡among¡¡their¡¡peasants£»¡¡every¡¡one¡¡would¡¡find¡¡skins¡¡or¡¡wool¡¡in¡¡their¡¡herds¡¡or¡¡flocks£»¡¡so¡¡that¡¡they¡¡would¡¡no¡¡longer¡¡be¡¡at¡¡an¡¡immense¡¡expense¡¡in¡¡providing¡¡clothes£»¡¡the¡¡great£»¡¡who¡¡are¡¡ever¡¡fond¡¡of¡¡luxury£»¡¡not¡¡being¡¡able¡¡to¡¡find¡¡it¡¡but¡¡in¡¡their¡¡own¡¡country£»¡¡would¡¡encourage¡¡the¡¡labour¡¡of¡¡the¡¡poor¡£¡¡This¡¡nation£»¡¡I¡¡affirm£»¡¡would¡¡then¡¡become¡¡more¡¡flourishing£»¡¡at¡¡least¡¡if¡¡it¡¡did¡¡not¡¡become¡¡barbarous£»¡¡and¡¡this¡¡the¡¡laws¡¡might¡¡easily¡¡prevent¡£

Let¡¡us¡¡next¡¡consider¡¡Japan¡£¡¡The¡¡vast¡¡quantity¡¡of¡¡what¡¡they¡¡receive¡¡is¡¡the¡¡cause¡¡of¡¡the¡¡vast¡¡quantity¡¡of¡¡merchandise¡¡they¡¡send¡¡abroad¡£¡¡Things¡¡are¡¡thus¡¡in¡¡as¡¡nice¡¡an¡¡equilibrium¡¡as¡¡if¡¡the¡¡importation¡¡and¡¡exportation¡¡were¡¡but¡¡small¡£¡¡Besides£»¡¡this¡¡kind¡¡of¡¡exuberance¡¡in¡¡the¡¡state¡¡is¡¡productive¡¡of¡¡a¡¡thousand¡¡advantages£»¡¡there¡¡is¡¡a¡¡greater¡¡consumption£»¡¡a¡¡greater¡¡quantity¡¡of¡¡those¡¡things¡¡on¡¡which¡¡the¡¡arts¡¡are¡¡exercised£»¡¡more¡¡men¡¡employed£»¡¡and¡¡more¡¡numerous¡¡means¡¡of¡¡acquiring¡¡power£»¡¡exigencies¡¡may¡¡also¡¡happen¡¡that¡¡require¡¡a¡¡speedy¡¡assistance£»¡¡which¡¡so¡¡opulent¡¡a¡¡state¡¡can¡¡better¡¡afford¡¡than¡¡any¡¡other¡£¡¡It¡¡is¡¡difficult¡¡for¡¡a¡¡country¡¡to¡¡avoid¡¡having¡¡superfluities£»¡¡but¡¡it¡¡is¡¡the¡¡nature¡¡of¡¡commerce¡¡to¡¡render¡¡the¡¡superfluous¡¡useful£»¡¡and¡¡the¡¡useful¡¡necessary¡£¡¡The¡¡state¡¡will¡¡be£»¡¡therefore£»¡¡able¡¡to¡¡afford¡¡necessaries¡¡to¡¡a¡¡much¡¡greater¡¡number¡¡of¡¡subjects¡£

Let¡¡us¡¡say£»¡¡then£»¡¡that¡¡it¡¡is¡¡not¡¡those¡¡nations¡¡who¡¡have¡¡need¡¡of¡¡nothing¡¡that¡¡must¡¡lose¡¡by¡¡trade£»¡¡it¡¡is¡¡those¡¡who¡¡have¡¡need¡¡of¡¡everything¡£¡¡It¡¡is¡¡not¡¡such¡¡people¡¡as¡¡have¡¡a¡¡sufficiency¡¡within¡¡themselves£»¡¡but¡¡those¡¡who¡¡are¡¡most¡¡in¡¡want£»¡¡that¡¡will¡¡find¡¡an¡¡advantage¡¡in¡¡putting¡¡a¡¡stop¡¡to¡¡all¡¡commercial¡¡intercourse¡£

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