Page:Indian Journal of Economics Volume 2.djvu/536

 THOMPSON To similarity of thought, and where there is of thought, there is often a curious feeling. Constant comparisons between sum up, we find in nearly every case some a difference similarity o! England and England) have are now being the differences India (and that the England of to-day, not Hercantiist often' led to false analogies, which corrected. Especially important are which arise from our obtaining our raw materials at home, rather than from colonies. Neither do Mercantilists accurately understand the rela- tions between gold production and prices, and the fact that the permanent favorable balance of trade may be almost automatic and stronger than government regula- tions. Nor cannot obtain to the is withhold harmony something do for from of of to be convinced. they understand that one nation itself permanently what it wishes others. A long-sighted view of national interests in the long run, which all men in all nations need There is one important difference in motive which needs to be mentioned. advocating all these Kin,--ostensibly. their measures for ostensibly. There has the sixteenth century. realized to be only a total of wealth. The The old Mercantilists were for the benefit of the Modern Mercantilists propose benefit of th peo1e,---also policies The consist of the been one great advance over Gold and silver are now clearly [rue lands, buildings, minute fraction wealth is machines, of the sum thought o and food and clothing. But if our study and cur policies are truly to benefit the people,---the people at large,--we must [take another even greater step in advance. We must teach tha the true wealth consists neither in gold or iz goods, bt in laborers, in the ,Bodies and jgrains, in the Characters and Spirit of Laborers. Town-planners and Trust Magnates, Teachers and