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Pagina 665 de 2651

Autor: Adam Smith

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The increase of the quantity of gold and silver in Europe, and
the increase of its manufactures and agriculture, are two events
which, though they have happened nearly about the same time, yet
have arisen from very different causes, and have scarce any
natural connection with one another. The one has arisen from a
mere accident, in which neither prudence nor policy either had or
could have any share; the other, from the fall of the feudal
system, and from the establishment of a government which afforded
to industry the only encouragement which it requires, some
tolerable security that it shall enjoy the fruits of its own
labour. Poland, where the feudal system still continues to take
place, is at this day as beggarly a country as it was before the
discovery of America. The money price of corn, however, has
risen; the real value of the precious metals has fallen in
Poland, in the same manner as in other parts of Europe.

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