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This volume presents David Hume’s 1752 work, *Political Discourses*, which outlines his foundational principles of political economy. The text includes an autobiographical sketch by the author and an account of his death written by Adam Smith.

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Table of Contents

OF REFINEMENT IN THE ARTS.

Suppose the same number of men that are at present in Britain, with the same soil and climate: I ask, is it not possible for them to be happier, by the most perfect way of life which can be imagined, and by the greatest reformation which Omnipotence itself could work in their temper and disposition? To assert that they cannot appears evidently ridiculous. As the land is able to maintain more than all its inhabitants, they could never, in such a Utopian state, feel any other ills than those which arise from bodily sickness; and these are not the half of human miseries. All other ills spring from some vice, either in ourselves or others; and even many of our diseases proceed from the same origin. Remove the vices, and the ills follow. You must only take care to remove all the vices. If you remove part, you may render the matter worse. By banishing vicious luxury, without curing sloth and an indifference to others, you only diminish industry in the state, and add nothing to men’s charity or their generosity. Let us, therefore, rest contented with asserting that two opposite vices in a state may be more advantageous than either of them alone; but let us never pronounce vice in itself advantageous. Is it not very inconsistent for an author to assert in one page that moral distinctions are inventions of politicians for public interest, and in the next page maintain that vice is advantageous to the public?​11 And indeed it seems, upon any system of morality, little less than a contradiction in terms to talk of a vice which is in general beneficial to society. {p26}

Prodigality is not to be confounded with a refinement in the arts. It even appears that that vice is much less frequent in the cultivated ages. Industry and gain beget frugality, among the lower and middle ranks of men, and in all the busy professions. Men of high rank, indeed, it may be pretended, are more allured by the pleasures, which become more frequent. But idleness is the great source of prodigality at all times, and there are pleasures and vanities in every age, which allure men equally when they are unacquainted with better enjoyments. Not to mention that the high interest paid in rude times quickly consumes the fortunes of the landed gentry, and multiplies their necessities.

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