Insofarastheeconomicalconditionofnationsturnsuponthestateofphysicalknowledge,itisasubjectforthephysicalsciences,andtheartsfoundedonthem。Butinsofarasthecausesaremoralorpsychological,dependentoninstitutionsandsocialrelations,orontheprinciplesofhumannature,theirinvestigationbelongsnottophysical,buttomoralandsocialscience,andistheobjectofwhatiscalledPoliticalEconomy。
Theproductionofwealth;theextractionoftheinstrumentsofhumansubsistenceandenjoymentfromthematerialsoftheglobe,isevidentlynotanarbitrarything。Ithasitsnecessaryconditions。Ofthese,somearephysical,dependingonthepropertiesofmatter,andontheamountofknowledgeofthosepropertiespossessedattheparticularplaceandtime。ThesePoliticalEconomydoesnotinvestigate,butassumes;referringforthegrounds,tophysicalscienceorcommonexperience。
Combiningwiththesefactsofoutwardnatureothertruthsrelatingtohumannature,itattemptstotracethesecondaryorderivativelaws,bywhichtheproductionofwealthisdetermined;
inwhichmustlietheexplanationofthediversitiesofrichesandpovertyinthepresentandpast,andthegroundofwhateverincreaseinwealthisreservedforthefuture。
UnlikethelawsofProduction,thoseofDistributionarepartlyofhumaninstitution:sincethemannerinwhichwealthisdistributedinanygivensociety,dependsonthestatutesorusagesthereinobtaining。Butthoughgovernmentsornationshavethepowerofdecidingwhatinstitutionsshallexist,theycannotarbitrarilydeterminehowthoseinstitutionsshallwork。Theconditionsonwhichthepowertheypossessoverthedistributionofwealthisdependent,andthemannerinwhichthedistributioniseffectedbythevariousmodesofconductwhichsocietymaythinkfittoadopt,areasmuchasubjectforscientificenquiryasanyofthephysicallawsofnature。
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