1 4Political œconomy, considered as a branch of the science of a statesman5or legislator, proposes two distinct objects; first, to provide a plentiful6revenue or subsistence for the people, or more properly to enable them to7provide such a revenue or subsistence for themselves; and secondly, to8supply the state or commonwealth with a revenue sufficient for the publick9services. It proposes to enrich both the people and the sovereign.
2 10The different progress of opulence in different ages and nations, has given11occasion to two different systems of political œconomy, with regard to en-12riching the people. The one may be called the system of commerce, the13other that of agriculture. I shall endeavour to explain both as fully and14distinctly as I can, and shall begin with the system of commerce. It is the15modern system, and is best understood in our own country and in our own16times.