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Essay on the Nature of Commerce in General by …
A word may be added as to the title. In Defoe's 1728 (2nd ed. 1730) the opening chapter "Of Trade in General," says, "When 'tis particular to a Place, 'tis Trade; when general 'tis Commerce; when we speak of it as the Effect of Nature, 'tis Product or Produce; when as the Effect of Labour, 'tis Manufacture." If Philip Cantillon, who had probably seen or heard of the manuscript in Cantillon's lifetime, was not using Cantillon's own title when he called his book he was better inspired than in the rest of his work. It is this analytical mode of approach to economic problems which is the most strikingly original characteristic of Cantillon. He brushes Ethics and Politics aside as imperiously as a referee orders the seconds out of the ring before a prize fight. The isolation of the conception of material wealth which is claimed as one of the original merits of Adam Smith, is strikingly true of Cantillon. His theory of value is ably presented and serves as a backbone to his presentation of the resultant of economic forces in distribution and circulation.
ASEAN leaders proclaimed to create an ASEAN Economic Community by 2015. But achieving the target requires cooperation and coordination both within and among the ten ASEAN economies. Currently, with countries having varying considerations towards complete liberalization, protectionism still persists in certain sectors of the economies. A lot of work needs to be done in addressing the domestic reforms, the gaps in infrastructure, the lack of human resources and adequate institutions. Moreover, it is the businesses whose decisions and actions will help the region to achieve an effective integration. The policymakers have vital roles to play in raising the engagement of the private businesses in ASEAN matters. As time is limited, one way for ASEAN is to focus on "core" elements of integration and implement them earnestly in the shortest possible time. The rest of the process, as envisaged in the AEC blueprint, can follow beyond 2015. This book examines the state of readiness of the member countries for regional integration and discusses the challenges to ASEAN businesses. It gives policy recommendations to address some of the issues faced by the key stakeholders.
Essay on the Nature of Trade in General - Wikipedia
We can notice only a few points in the second division of the Essay; for instance, the admirable explanation (pp. 199-203) of the fact that the prices of commodities and the cost of living are higher in cities, especially in capital cities, than in the country. This Cantillon attributes to the fact that a balance of payments is almost always due from the country to the cities, and the capital of the country; and that the commodities with which this balance is practically discharged, incur the cost and risk of conveyance. The same theory is applied (p. 209) to the relations of foreign countries, and Cantillon concludes that any State which sells manufactures to neighbouring States in such quantity as to draw a balance of specie towards itself, will eventually raise its own scale of prices. There is no taint of the Mercantile Fallacy whatever in this theory.
The first part of the Essay is completed by a chapter "On Metals and Money, and particularly of gold and silver," in which the author displays the most precise ideas about the need and nature of a common measure of value, the suitability of different commodities to serve in this capacity: grain, wine, cloth, precious stones, iron, lead, tin, copper, etc., are all compared as to their suitability for currency, just as in various recent works on money; and the author concludes that "gold and silver alone are of small volume, of equal goodness, easy of transport, divisible without loss, easily guarded, beautiful and brilliant, and durable almost to eternity."
Essay on the Nature of Commerce in General (Essai Sur …
In southern Louisiana, the bed of the Mississippi River is so far below sea level that a flow of at least a hundred and twenty thousand cubic feet per second is needed to hold back salt water and keep it below New Orleans, which drinks the river. Along the ragged edges of the Gulf, whole ecosystems depend on the relationship of fresh to salt water, which is in large part controlled by the Corps. Shrimp people want water to be brackish, waterfowl people want it fresh—a situation that causes National Marine Fisheries to do battle with United States Fish and Wildlife while both simultaneously attack the Corps. The industrial interests of the American Ruhr beseech the Corps to maintain their supply of fresh water. Agricultural pumping stations demand more fresh water for their rice but nervily ask the Corps to keep the sediment. Morgan City needs water to get oil boats and barges to rigs offshore, but if Morgan City gets too much water it’s the end of Morgan City. Port authorities present special needs, and the owners of grain elevators, and the owners of coal elevators, barge interests, flood-control districts, levee boards. As General Sands says, finishing the list, “A guy who wants to put a new dock in has to come to us.” People suspect the Corps of favoring other people. In addition to all the things the Corps actually does and does not do, there are infinite actions it is imagined to do, infinite actions it is imagined not to do, and infinite actions it is imagined to be capable of doing, because the Corps has been conceded the almighty role of God.
This book presents a detailed account of the development of strong and substantive economic relations that existed between Singapore and China since the time when the two countries established diplomatic ties in October 1990. The chapters provide a comprehensive discussion of the main areas of cooperation, such as the institutional framework for pursuing economic links, the Suzhou Industrial Park, the Sino-Singapore Tianjin Eco-City, investments, trade, finance, tourism and education. The economic opportunities and challenges in these economic sectors in the two countries are examined in the context of the profound political and social changes taking place in mainland China and the globalization of the world economy. The book will be invaluable to policy-makers, academics and students specializing in Chinese studies, as well as businessmen and the general public interested in seeking a greater understanding of the complex economic relations between the two nations.
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Richard cantillon essay on the nature of commerce in general
It is pleasant to observe by what regular gradations we surmount the force of local prejudices, as we enlarge our acquaintance with the World. A man born in any town in England divided into parishes, will naturally associate most with his fellow parishioners (because their interests in many cases will be common) and distinguish him by the name of NEIGHBOR; if he meet him but a few miles from home, he drops the narrow idea of a street, and salutes him by the name of TOWNSMAN; if he travel out of the county and meet him in any other, he forgets the minor divisions of street and town, and calls him COUNTRYMAN, i.e. COUNTYMAN; but if in their foreign excursions they should associate in France, or any other part of EUROPE, their local remembrance would be enlarged into that of ENGLISHMEN. And by a just parity of reasoning, all Europeans meeting in America, or any other quarter of the globe, are COUNTRYMEN; for England, Holland, Germany, or Sweden, when compared with the whole, stand in the same places on the larger scale, which the divisions of street, town, and county do on the smaller ones; Distinctions too limited for Continental minds. Not one third of the inhabitants, even of this province, [Pennsylvania], are of English descent. Wherefore, I reprobate the phrase of Parent or Mother Country applied to England only, as being false, selfish, narrow and ungenerous.
Essay on the nature of commerce in general
It is the good fortune of many to live distant from the scene of present sorrow; the evil is not sufficiently brought to their doors to make them feel the precariousness with which all American property is possessed. But let our imaginations transport us a few moments to Boston; that seat of wretchedness will teach us wisdom, and instruct us for ever to renounce a power in whom we can have no trust. The inhabitants of that unfortunate city who but a few months ago were in ease and affluence, have now no other alternative than to stay and starve, or turn out to beg. Endangered by the fire of their friends if they continue within the city and plundered by the soldiery if they leave it, in their present situation they are prisoners without the hope of redemption, and in a general attack for their relief they would be exposed to the fury of both armies.
(Essay on the Nature of Trade in General), ..
For the Mississippi to make such a change was completely natural, but in the interval since the last shift Europeans had settled beside the river, a nation had developed, and the nation could not afford nature. The consequences of the Atchafalaya’s conquest of the Mississippi would include but not be limited to the demise of Baton Rouge and the virtual destruction of New Orleans. With its fresh water gone, its harbor a silt bar, its economy disconnected from inland commerce, New Orleans would turn into New Gomorrah. Moreover, there were so many big industries between the two cities that at night they made the river glow like a worm. As a result of settlement patterns, this reach of the Mississippi had long been known as “the German coast,” and now, with B. F. Goodrich, E. I. du Pont, Union Carbide, Reynolds Metals, Shell, Mobil, Texaco, Exxon, Monsanto, Uniroyal, Georgia-Pacific, Hydrocarbon Industries, Vulcan Materials, Nalco Chemical, Freeport Chemical, Dow Chemical, Allied Chemical, Stauffer Chemical, Hooker Chemicals, Rubicon Chemicals, American Petrofina—with an infrastructural concentration equalled in few other places—it was often called “the American Ruhr.” The industries were there because of the river. They had come for its navigational convenience and its fresh water. They would not, and could not, linger beside a tidal creek. For nature to take its course was simply unthinkable. The Sixth World War would do less damage to southern Louisiana. Nature, in this place, had become an enemy of the state.
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