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              <text>&lt;p class="line xd27e424"&gt;Vast numbers throng’d the fruitful hive;&lt;/p&gt;
&lt;p class="line"&gt;Yet those vast numbers made ’em thrive;&lt;/p&gt;
&lt;p class="line"&gt;Millions endeavouring to supply&lt;/p&gt;
&lt;p class="line"&gt;Each other’s lust and vanity;&lt;/p&gt;
&lt;p class="line"&gt;While other millions were employ’d,&lt;/p&gt;
&lt;p class="line"&gt;To see their handy-works destroy’d;&lt;/p&gt;
&lt;p class="line"&gt;They furnish’d half the universe;&lt;/p&gt;
&lt;p class="line"&gt;Yet had more work than labourers.&lt;/p&gt;
&lt;p class="line"&gt;Some with vast flocks, and little pains,&lt;/p&gt;
&lt;p class="line"&gt;Jump’d into business of great gains;&lt;/p&gt;
&lt;p class="line"&gt;And some were damn’d to scythes and spades,&lt;/p&gt;
&lt;p class="line"&gt;And all those hard laborious trades;&lt;/p&gt;
&lt;p class="line"&gt;Where willing wretches daily sweat,&lt;/p&gt;
&lt;p class="line"&gt;And wear out strength and limbs to eat:&lt;/p&gt;
&lt;p class="line"&gt;While others follow’d mysteries,&lt;/p&gt;
&lt;p class="line"&gt;To which few folks binds ’prentices;&lt;/p&gt;
&lt;p class="line"&gt;That want no stock, but that of brass,&lt;/p&gt;
&lt;p class="line"&gt;And may set up without a cross;&lt;/p&gt;
&lt;p class="line"&gt;As sharpers, parasites, pimps, players,&lt;/p&gt;
&lt;p class="line"&gt;Pickpockets, coiners, quacks,&lt;span&gt; &lt;/span&gt;&lt;span class="corr"&gt;soothsayers&lt;/span&gt;,&lt;/p&gt;
&lt;p class="line"&gt;And all those, that in enmity,&lt;/p&gt;
&lt;p class="line"&gt;With&lt;span&gt; &lt;/span&gt;&lt;span class="corr"&gt;downright&lt;/span&gt;&lt;span&gt; &lt;/span&gt;working, cunningly&lt;/p&gt;
&lt;p class="line"&gt;Convert to their own use the labour&lt;/p&gt;
&lt;p class="line"&gt;Of their good-natur’d heedless neighbour.&lt;/p&gt;
&lt;p class="line"&gt;These were call’d Knaves, but bar the name,&lt;/p&gt;
&lt;p class="line"&gt;The grave industrious were the same:&lt;/p&gt;
&lt;p class="line"&gt;All trades and places knew some cheat,&lt;/p&gt;
&lt;p class="line"&gt;No calling was without deceit.&lt;/p&gt;</text>
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                <text>Bernard Mandeville</text>
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                <text>The Fable of the Bees</text>
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                <text>1714</text>
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                <text>"laissez faire"</text>
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                <text>A system of economic thought</text>
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                <text>Transactions between private parties should be absent of any form of economic interventionism such as regulation and subsidies. </text>
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                <text>Monsieur Le Gendre to Jean-Baptiste Colbert</text>
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                <text>Article in Journal économique by René de Voyer, Marquis d'Argenson</text>
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                <text>1681</text>
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              <text>"Thus every part was full of vice,&lt;br /&gt;Yet the whole mass a paradise; &lt;br /&gt;Flatter’d in peace, and fear’d in wars &lt;br /&gt;They were th’ esteem of foreigners, &lt;br /&gt;And lavish of their wealth and lives, &lt;br /&gt;The balance of all other hives.&lt;br /&gt;Such were the blessings of that state; &lt;br /&gt;Their crimes conspir’d to make them great: &lt;br /&gt;And virtue, who from politics &lt;br /&gt;Has learn’d a thousand cunning tricks, &lt;br /&gt;Was, by their happy influence,&lt;br /&gt;Made friends with vice: And ever since, &lt;br /&gt;The worst of all the multitude &lt;br /&gt;Did something for the common good."</text>
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                <text>"The invisible hand"</text>
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                <text>Bernard Mandeville</text>
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                <text>The Fable of the Bees</text>
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                <text>1714</text>
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              <text>"Nor does even the present condition of our manufacturing and commercial interests, though in some respects they are prosperous, indicate a steady advance to that state which produces the greatest well-being to the greatest number; with crises occurring at periods of about six years, when a sudden stagnation comes upon manufacturing prosperity, and indeed on business of every kind, shaking the stability of the largest concerns, ruining numbers of those below them, and bringing destitution and starvation on those they employ. The cause of these crises does not seem satisfactorily explained. They have been partly accounted for by glutted markets, and over-speculation; but a deficiency in that staple article of food, corn, has been most generally contemporaneous with them, forcing the poor, the great consumers, to spend so much less in manufactured articles, and what may be called luxuries. As regards also this numerous and most important part of our population, is it, as a whole, so happy, so healthy, so well fed, and so well clothed, as it was 80 or 100 years ago? No doubt the working classes, when they are in full employment, have more luxuries in their food, dress in finer if not better clothes, and have more comforts than were thought of at that time; but the much larger proportion of the utterly destitute, and the immense amount of suffering which results from any check or depression in commerce, manufactures, or agriculture, felt still more keenly by those who have been accustomed to comfort, if not luxury, more than compensate for these advantages. And unquestionably the price of provisions is higher, in proportion to the rate of wages, than it was at that time. The great question still remains; can that country be in a sound economical state, in which 8 per cent. of the whole population is mainly maintained by public or private charity? To this waste must be added that of fraud and crime, of which it is the fertile source."</text>
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                <text>Jean Charles Léonard de Sismondi</text>
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                <text>New Perspectives on Political Economy</text>
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                <text>1819</text>
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              <text>"Nothing is more common than to hear of the advantages which the land possesses over every other source of useful produce, on account of the surplus which it yields in the form of rent. Yet when land is most abundant, when most productive, and most fertile, it yields no rent; and it is only when its powers decay, and less is yielded in return for labour, that a share of the original produce of the more fertile portions is set apart for rent. It is singular that this quality in the land, which should have been noticed as an imperfection, compared with the natural agents by which manufacturers are assisted, should have been pointed out as constituting its peculiar pre-eminence. If air, water, the elasticity of steam, and the pressure of the atmosphere, were of various qualities; if they could be appropriated, and each quality existed only in moderate abundance, they as well as the land would afford a rent, as the successive qualities were brought into use. With every worse quality employed, the value of the commodities in the manufacture of which they were used would rise, because equal quantities of labour would be less productive. Man would do more by the sweat of his brow, and nature perform less; and the land would be no longer pre-eminent for its limited powers." - Chapter 2&lt;br /&gt;&lt;br /&gt;“a new tax too may destroy the comparative advantage which a country before possessed in the manufacture of a particular commodity" - Chapter 19</text>
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                <text>Under free trade, an agent will produce more of and consume less of a good for which they have a comparative advantage.</text>
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                <text>David Ricardo</text>
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                <text>On the Principles of Political Economy and Taxation</text>
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                <text>1817</text>
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              <text>&lt;span&gt;"I have endeavoured to establish in the book which I shall soon present anew to the public, that for riches to contribute to the happiness of all, being, as they are, the sign of all the material enjoyments of man, their increase must be in conformity to the increase of population, and that they must be distributed among this population, in proportions which cannot be disturbed without extreme danger. I propose to show that it is necessary for the happiness of all, that income should increase with capital, and that the population should not go beyond the income upon which it has to subsist; that consumption should increase with the population, and that reproduction should be equally proportioned to the capital which produces it and to the population &lt;/span&gt;&lt;span class="pb"&gt;&lt;span class="bracket"&gt;[&lt;/span&gt;119&lt;span class="bracket"&gt;]&lt;/span&gt;&lt;/span&gt;&lt;span&gt; which consumes it. I show at the same time that each of these relations may be disturbed independently of the others; that income often does not inerease in proportion to capital; that population may increase without income being augmented; that a population more numerous, but more wretched, may require less for its consumption; that reproduction, in short, may be proportional to the capital to which it owes its returns, and not to the population which demands it; but that whenever any of these relations are disturbed, social suffering ensues."&lt;/span&gt;</text>
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              <text>"As soon as the land of any country has all become private property, the landlords, like all other men, love to reap where they never sowed, and demand a &lt;strong&gt;rent&lt;/strong&gt; even for its natural produce. The wood of the forest, the grass of the field, and all the natural fruits of the earth, which, when land was in common, cost the labourer only the trouble of gathering them, come, even to him, to have an additional price fixed upon them. He must then pay for the licence to gather them; and must give up to the landlord a portion of what his labour either collects or produces. This portion, or, what comes to the same thing, the price of this portion, constitutes the &lt;strong&gt;rent&lt;/strong&gt; of land ...."</text>
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                <text>The Wealth of Nations</text>
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              <text>"1) What is to be done, that is what goods and services are to be produced, and in what proportions;&#13;
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2) Organizing production, in the narrow sense, of getting done the things settled as most worth doing;&#13;
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3) Distribution, the apportioning the products among members of society;&#13;
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                <text>The Economic Organization</text>
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                <text>University of Chicago,</text>
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                <text>1933</text>
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              <text>"A&lt;span&gt;lready governments have frequently been called upon to support a manufacture which was threatened with ruin; and the more gluts in the market increase, the more the embarrassment of the manufacturer increases, the more frequently will this assistance be called for. Now, the suspension or the absolute cessation of work in a manufacture for which there is no longer any sale, is a first step towards the diminution of general suffering; the government ought, in fact, to come to the assistance of men, and not of industry; it ought to save its citizens, and not business. Far from making advances to the master manufacturer, &lt;/span&gt;&lt;span class="pb"&gt;&lt;span class="bracket"&gt;[&lt;/span&gt;221&lt;span class="bracket"&gt;]&lt;/span&gt;&lt;/span&gt;&lt;span&gt; to encourage him to manufacture to a loss, it ought largely to contribute funds to take the operatives from an employment which increases the embarrassment of all their fellow citizens. It ought to employ them in those public works whose products do not bear upon the markets, and do not increase the general glut. Public edifices, town-halls, markets, public walks, are native wealth, though not of a kind that can be bought and sold. Immense quantities of land may be recovered from water, on the sea-shore, along rivers, and by draining marsbes; the fertility of whole provinces may be doubled, quadrupled, by works of irrigation, which by means of canals circulate over the plains water borrowed from rivers; and to make these improvements throughout the whole extent of France, and which would cover it with a network of running water, might well employ, not only her industrial classes, but a quarter of her inhabitants for a long time to come."&lt;/span&gt;</text>
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                <text>Jean Charles Léonard de Sismondi</text>
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