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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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OF REFINEMENT IN THE ARTS.

I thought this reasoning necessary in order to give some light to a philosophical question which has been much disputed in Britain. I call it a philosophical question, not a political one; for whatever may be the consequence of such a miraculous transformation of mankind as would endow them with every species of virtue and free them from every species of vice, this concerns not the magistrate, who aims only at possibilities. He cannot cure every vice by substituting a virtue in its place. Very often he can only cure one vice by another, and in that case he ought to prefer what is least pernicious to society. Luxury, when excessive, is the source of many ills; but it is in general preferable to sloth and idleness, which would commonly succeed in its place, and are more pernicious both to private persons and to the public. When sloth reigns, a mean, uncultivated way of life prevails amongst individuals, without society, without enjoyment. And if the sovereign, in such a situation, demands the service of his subjects, the labour of the state suffices only to furnish the necessaries of life to the labourers, and can afford nothing to those who are employed in the public service.

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