Of the effects of taxation in England........229

Chap.  IV.

Of the national debt and sinking fund.—­Advantages and disadvantages of both.—­Errors committed in calculating their effects.  —­Causes of error.—­Mode proposed for preventing future increase....................234

Chap.  V.

Of taxes for the maintenance of the poor.—­Their enormous increase.—­ The cause.—­Comparison between those of England and Scotland.—­ Simple, easy, and humane mode of reducing them..............247

Chap.  VI.

Causes of decline, peculiar to England.................... 257

Chap.  VII.

Circumstances peculiar to England, and favourable to it............. 261

Chap.  VIII.

Conclusion.................... 276

Application of the present Inquiry to nations in general..............289

AN

I N Q U I R Y,

&c. &c._

====== Book I. ======

Chap.  I.

Introduction and Plan of the Work.—­Explanation of what the Author understands by Wealthy and Powerful Nations, and of the General Causes of Wealth and Power.

One of the most solid foundations on which an enquirer can proceed in matters of political economy, as connected with the fate of nations, seems to be by an appeal to history, a view of the effects that have been produced, and an investigation of the causes that have operated in producing them.

Unfortunately, in this case, the materials are but very scanty, and sometimes rather of doubtful authority; nevertheless, such as they are, I do not think it well to reject the use of them, and have, therefore, begun, by taking a view of the causes that have ruined nations that have been great and wealthy, beginning with the earliest records and coming down to the present time. {5}

—–­ {5} Dr. Robertson very truly says, “It is a cruel mortification, in searching for what is instructive in the history of past times, to find that the exploits of conquerors who have desolated the earth, and the freaks of tyrants who have rendered nations unhappy, are recorded with minute, and often disgusting accuracy, while the discovery of useful arts, and the progress of the most beneficial branches of commerce are passed over in silence, and suffered to sink in oblivion.”  Disquisition on the Ancient Commerce to India. -=-

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I divide this space into three periods, because in each is to be seen a very distinct feature.

During the first period, previous to the fall of the Roman empire, the order of things was such as had arisen from the new state of mankind, who had gradually increased in numbers, and improved in sciences and arts.  The different degrees of wealth were owing, at first, to local situation, natural advantages, and priority in point of settlement, till the causes of decline begun to operate on some; when the adventitious causes of wealth and power, producing conquest, began to establish a new order of things.