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Principles of Political Economy, Vol. 2

Note 219-2 — Chapter I

John J. (John Joseph) Lalor translation

Only the superficial observer is apt to notice this apparent prosperity of the capital much more readily than the decline of the rest of the country, which covers so much more territory. In like manner, many wars have had the appearance of promoting industry, for the reason that some branches grew largely in consequence of the increased demand of the state; but they grew at the expense of all others which had to meet the increased taxes. Compare Jacob in Lowe, England nach seinem gegenwartigen Zustande, 1823, cap. 2, 3; Nebenius, Oeffentlicher Credit, I, Aufl., 419 ff.; Hermann, department[TN 46] of the Seine, amounted, in 1850, to 497,000,000 francs; in the department of the Bouches du Rhone, to 39,000,000 francs; in 1855, on the other hand, they were, on account of the war, 887,000,000 francs and 141,000,000. (Journal des Econ., Juil., 1857, 32 ff.)

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