EconlibThe LibraryOther Sites |
Front Page Titles (by Subject) Summary of Principles illustrated in this volume. - Illustrations of Political Economy, vol. 8
Return to Title Page for Illustrations of Political Economy, vol. 8The Online Library of LibertyA project of Liberty Fund, Inc.Search this Title:Also in the Library:
Summary of Principles illustrated in this volume. - Harriet Martineau, Illustrations of Political Economy, vol. 8 [1834]Edition used:Illustrations of Political Economy (3rd ed) in 9 vols. (London: Charles Fox, 1834). Vol. 8.
Part of: Illustrations of Political Economy 9 vols.About Liberty Fund:Liberty Fund, Inc. is a private, educational foundation established to encourage the study of the ideal of a society of free and responsible individuals. Copyright information:The text is in the public domain. Fair use statement:This material is put online to further the educational goals of Liberty Fund, Inc. Unless otherwise stated in the Copyright Information section above, this material may be used freely for educational and academic purposes. It may not be used in any way for profit.
Summary of Principles illustrated in this volume.It is necessary to the security and advancement of a community that there should be an expenditure of a portion of its wealth for purposes of defence, of public order, and of social improvement. As public expenditure, though necessary, is unproductive, it must be limited. And, as the means of such expenditure are furnished by the people for defined objects, its limit is easily ascertained. That expenditure alone which is necessary to defence, public order, and social improvement, is justifiable. Such a direction of the public expenditure can be secured only by the public functionaries who expend being made fully responsible to the party in whose behalf they expend. For want of this responsibility, the public expenditure of an early age,—determined to pageantry, war, and favouritism,—was excessive, and perpetrated by the few in defiance of the many. For want of a due degree of this responsibility, the public expenditure of an after age,—determined to luxury, war, and patronage,— was excessive, and perpetrated by the few in fear of the many, by deceiving and defrauding them. For want of a due degree of this responsibility, the public expenditure of the present age, —determined chiefly to the sustaining of burdens imposed by a preceding age,—perpetuates many abuses: and, though much ameliorated by the less unequal distribution of power, the public expenditure is yet as far from being regulated to the greatest advantage of the many, as the many are from exacting due responsibility and service from the few. When this service and responsibility shall be duly exacted, there will be— Necessary offices only, whose duties will be clearly defined, fully accounted for, and liberally rewarded: Little patronage, and that little at the disposal of the people: No pomp,—at the expense of those who can barely obtain support: but Liberal provisions for the advancement of national industry and intelligence. LONDON: |

Titles (by Subject)