ABSTRACT

The seller alone has no means of extending his market which does not affect his fellow merchants; he fights with them over a given amount of revenue which must replace his capital; and the more he secures thereof for himself, the less he leaves for the others. New income is created for the nation from all fixed or circulating capital newly formed by parsimony, and appropriately employed to create a new and desired production. It is very true, that the ten thousand pounds of income, whether they belong to a single man, or to a hundred, are all equally destined for consumption, but this consumption is not of the same nature. All nations whose production exceeds their consumption, turn their attention equally to foreign markets, and since its limits are unknown, its extent appears unlimited.