Page:Hull 1900 Petty's Place in the History of Economic Theory.djvu/28

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334
QUARTERLY JOURNAL OF ECONOMICS

"That the People and Territories of the King of England are naturally near[1] as considerable for Wealth and Strength as those of France," that England can "maintain a hundred thousand Foot, thirty thousand horse, and forty thousand men at sea," that there is in England "Money sufficient to drive the Trade of the Nation," and "Stock competent and convenient to drive the Trade of the whole Commercial World,"—such are the propositions to whose demonstration Petty addresses himself. His line of argument is ingenious. He first proves, by the example of Holland, that a small country and few people may, by their situation, trade, and policy, be equivalent in wealth and strength to a far greater people and territory. Examination of the geographical situation leads him to the conclusion that conveniences for shipping and water carriage do most eminently and fundamentally conduce thereunto; and he points out very shrewdly how the inferiority of France in ports, and consequently in seafaring people, constitutes a real and natural impediment to her power. Meanwhile on land the conditions are not so unequal as they seem. To be sure, "the King of England hath about Ten Million of Subjects, ubivis Terrarum Orbis, and the King of France about Thirteen and ½."[2] But, "Although it be very material to know the number of Subjects belonging to each Prince, yet when the Question is concerning their Wealth and Strength, It is also material to examine how many of them do get more than they spend and how many less."

    shameful war, and the causes that he assigns are chiefly that military unpreparedness and that lack of united martial spirit which the event showed to be less than he supposed. Of the underlying and more permanent reasons why Holland must give way to France, and France to England, Temple showed little comprehension.

  1. "Near" was, as the British Museum MS. of the Political Arithmetick shows, a concession to caution. It did not appear in the fair copy made by an amanuensis, but was afterwards inserted by Petty's hand. See Writings, i. 284.
  2. Political Arithmetick, 76, 77; Writings, i. 291.