Note A2-1-4 — Chapter III

Schröder justifies the little estimation in which he holds internal commerce by saying that "a country may indeed grow and become powerful by its means, but cannot gain in wealth;" just as a dress embroidered with pearls is not made more costly by taking the pearls from the cuffs and putting them upon the cape. (F. Schatz- und Rentkammer, XXIX, 3.) According to the Fredrickian theorizer, Philippi, "internal trade scarcely deserves the name of commerce." (Vergröss. Staat, 1759, ch. 6.) Sir J. Steuart still teaches that an isolated state may, indeed, be happy, but that it can grow rich only through foreign trade and mining. (Principles, II, ch, 13.) The same fundamental thought finds expression in the title of Th. Mun's celebrated book: England's Treasure by Forraign Trade, or the Balance of our Forraign Trade is the Rule of our Treasure (1664).