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NOTE ON THE VERBUM SAPIENTI. - Sir William Petty, The Economic Writings of Sir William Petty, vol. 1 [1662]

Edition used:

The Economic Writings of Sir William Petty, together with The Observations upon Bills of Mortality, more probably by Captain John Graunt, ed. Charles Henry Hull (Cambridge University Press, 1899), 2 vols.

Part of: The Economic Writings of Sir William Petty, 2 vols.

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NOTE ON THE VERBUM SAPIENTI.

The Verbum Sapienti was first published in 1691 as a supplement to the Political Anatomy of Ireland (q v.). In Petty's list of his own writings1 , however, the entry “Verbum Sapienti, and the value of People” stands opposite the year 1665, and the internal evidence makes it probable that the booklet was written in the latter part of that year. Thus Petty speaks2 of the continuance of the war with Holland, declared 14 March, 1665, “at the value of the last years Expence” as if the additional assessment beginning Christmas, 1665, were not yet gone into effect3 . Furthermore his assertion that 100,000 died of the plague4 looks like an exaggerated estimate made in advance of the yearly bill of mortality, upon whose publication in December, 1665, the official figures were seen to be but 68596. It may be, however, that Petty distrusted the official figures and purposely exceeded them5 . But by no hypothesis can we assign the Verbum Sapienti to a later date than July 1667, when the war closed.

A MS. of the Verbum Sapienti is contained in a volume preserved at the Public Record Office in Dublin, and called “Dr Petty's Register6 .” The copyist's title, fol. 10, is simply “Verbum Sapienti,” but Petty's autograph index to the volume has “Verbum Sapienti Or a discourse about Taxes & ye Value of People,” a title so similar to the memorandum mentioned in the preceding paragraph as to justify the assumption that we have in the Verbum Sapienti all that the entry quoted from Petty's list of his own writings calls for. Another MS. of the Verbum Sapienti very carelessly written is appended to a MS. of the Political Arithmetick in the British Museum7 . The latter portion of it is but a précis of Petty's argument. Sir Peter Pett had, before 1680, a MS. of both these tracts8 and it is not impossible that the present Sloane MS. is identical with that once in his possession. The Dublin MS. is not divided into chapters and its paragraphs are consecutively numbered throughout. Otherwise it is substantially similar to the printed text of 1691 here reproduced. Significant differences are indicated in the notes, the readings of the Dublin MS. being marked “D,” those of the Sloane MS. “S.”

Verbum Sapienti.

  • INtroduction, Page 1 [103]
  • Chap. 1. Containing several computations of the Wealth of the Kingdom, 3 [105]
  • Chap. 2. Of the Value of the People, 7 [108]
  • Chap. 3. Of the several Expences of the Kingdom, and its Revenue, 10 [111]
  • Chap. 4. Of the Method of apportioning Taxes, 11 [111]
  • Chap. 5. Of Money, and how much is necessary to drive the Trade of the Nation, 13 [112]
  • Chap. 6. The Causes of Irregular Taxing, 15 [114]
  • Chap. 7. The Collateral Advantages of these Taxes, 16 [115]
  • Chap. 8. Of the Expence of the Navy, Army, and Garisons, 18 [116]
  • Chap. 9. Motives to the quiet bearing of Extraordinary Taxes, 19 [117]
  • Chap. 10. How to imploy the People, and the end thereof, 22 [118]

VERBUM SAPIENTI.

[1]Fitzmaurice, 318.

[2]p. 103.

[3]See note 5, p. 103.

[4]p. 109.

[5]See Polit. Anat, chap. iv.

[6]Introduction, pt. VII.

[7]Sloane MS., 2572, fol. 105 b, seq.

[8]Happy Future State, p. 192–3, 245.