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Societies for the History of Economics

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Societies for the History of Economics <[log in to unmask]>
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Parisi Daniela Fernanda <[log in to unmask]>
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Fri, 20 Feb 2009 08:13:00 -0500
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May be.... the final paragraph of the Conclusion of Book 1?


Book five, Chapter 1, Part 3

... By a perpetual monopoly, all the other subjects of the state are 
taxed very absurdly in two different ways: first, by the high price 
of goods, which, in the case of a free trade, they could buy much 
cheaper; and, secondly, by their total exclusion from a branch of 
business which it might be both convenient and profitable for many of 
them to carry on. It is for the most worthless of all purposes, too, 
that they are taxed in this manner. It is merely to enable the 
company to support the negligence, profusion, and malversation of 
their own servants, whose disorderly conduct seldom allows the 
dividend of the company to exceed the ordinary rate of profit in 
trades which are altogether free, and very frequently makes it fall 
even a good deal short of that rate.

But I am looking for two other passages I cannot find right now!

Daniela Parisi

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