The political anatomy of Ireland with the establishment for that kingdom when the late Duke of Ormond was Lord Lieutenant ... : to which is added Verbum sapienti, or, An account of the wealth and expences of England, and the method of raising taxes in the most equal manner ... / by Sir William Petty ...
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Title
The political anatomy of Ireland with the establishment for that kingdom when the late Duke of Ormond was Lord Lieutenant ... : to which is added Verbum sapienti, or, An account of the wealth and expences of England, and the method of raising taxes in the most equal manner ... / by Sir William Petty ...
Author
Petty, William, Sir, 1623-1687.
Publication
London :: Printed for D. Brown and W. Rogers ...,
1691.
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Subject terms
Ormonde, James Butler, -- Duke of, 1610-1688.
Taxation -- England.
Ireland -- Politics and government -- 17th century.
Link to this Item
http://name.umdl.umich.edu/A54620.0001.001
Cite this Item
"The political anatomy of Ireland with the establishment for that kingdom when the late Duke of Ormond was Lord Lieutenant ... : to which is added Verbum sapienti, or, An account of the wealth and expences of England, and the method of raising taxes in the most equal manner ... / by Sir William Petty ..." In the digital collection Early English Books Online. https://name.umdl.umich.edu/A54620.0001.001. University of Michigan Library Digital Collections. Accessed June 13, 2024.
Pages
CHAP. V. Of Money; and how much is necessary to drive the Trade of the Nation.
1. IT may be asked, If there were occasion to raise 4 Millions per Annum, whether the same 6 Millions (which we hope we have) would suffice for such revolutions and circulations thereof as Trade requires? I answer yes; for the Expence being 40 Mil∣lions, if the revolutions were in such short Circles, viz. weekly, as happens among poor Artizans and Labourers, who receive and pay every Saturday, then 40/52 parts of 1 Million of Money would answer those ends: But if the Circles be quarterly, ac∣cording to our Custom of paying rent, and gathering Taxes, then 10 Millions were re∣quisite. Wherefore supposing payments in general to be of a mixt Circle between One
week and 13. then add 10 Millions to 40/52, the half of the which will be 5 1⅓, so as if we have 5 ½ Millions, we have enough.
2. And thus I have shewed, That if one half of the Subjects of England (playing 78 days in the year) will earn 7 d. per diem all the rest of the days one with another; And if they would work 1/20 more, and spend 1/20 less, they might enable their King to main∣tain double the Forces he now doth, with∣out suffering in the general more than many well affected persons do now through neg∣ligence, or mistakes in their Particulars. Nor is Money wanting to answer all the Ends of a well Policed State, notwithstand∣ing the great decreases thereof, which have happened within these Twenty Years.
Nor were it hard to substitute in the place of Money (were a competency of it wanting) what should be equivalent unto it. For Money is but the Fat of the Body-Politick, whereof too much doth as often hinder its Agility, as too little makes it sick. 'Tis true, that as Fat lubricates the motion of the Muscles, feeds in want of Victuals, fills up uneven Cavities, and beautifies the Body; so doth Money in the State quicken its Action, feeds from abroad in time of Dearth at home; evens accounts by reason