Dudley North
Dudley North
Sir Dudley Northwas an English merchant, politician and economist, a writer on free trade...
NationalityEnglish
ProfessionEconomist
Date of Birth10 May 1641
eating estate growing quick sensible soon turn whilst
If any man, out of an humour, should turn all his Estate into Money, and keep it dead, he would soon be sensible of Poverty growing upon him, whilst he is eating out of the quick stock.
enriching home increase signifies trade wealth
It will be objected, That the Home Trade signifies nothing to the enriching a Nation, and that the increase of Wealth comes out of Forreign Trade.
borrow buy fund men money provide
It may be said, let him take Money at Interest, and not buy at Time. But then Men must be found, that will lend; the Legislative must provide a Fund to borrow upon.
estate man richer
No Man is richer for having his Estate all in Money, Plate, etc. lying by him, but on the contrary, he is for that reason the poorer.
brings cannot certainly coming interest lowering money whereas
So that it cannot be denied, but the lowering of Interest may, and probably will keep some Money from coming abroad into Trade; whereas on the contrary, high Interest certainly brings it out.
borrower cent considered government interest leave money per prohibit question reason taking whether
The Question to be considered is, Whether the Government have reason by a Law, to prohibit the taking more than 4 l. per cent Interest for Money lent, or to leave the Borrower and Lender to make their own Bargains.
somewhat
Trade is nothing else but a Commutation of Superfluities; for instance: I give mine, what I can spare, for somewhat of yours, which I want, and you can spare.