ABSTRACT
Academies, libraries, public schools, and museums contribute to the creation of wealth, by the further discovery of truth, and the diffusion of what was known before; thus empowering the superior agents and directors of production, to extend the application of human science to the supply of human wants. There can be no production of new value, consequently no increase of wealth, where the product of a productive concern does not exceed the cost of production. The manufacture of Gobelin tapestry, carried on by the government of France, consumes a large quantity of wool, silk, and dyeing-drugs; it, consumes the rent of the ground and buildings, as well as the wages of workmen employed; all which should be reimbursed by the product, which they are very far from being. Facility of communication assists production, exactly in the same way as the machinery that multiplies manufactured products, and abridges the labour of production.
