Friday 2 October 2009

Book 2, chapter 3, paragraph 12

[De la richesse commerciale, Sismondi, 1803, Original, 339]

   Quand au contraire la nation fait un commerce d’exportation, et qu’elle approvisionne les étrangers, le consommateur national n’ayant plus aucun intérêt dans ce commerce, la nation n’en a aucun autre que celui du marchand. Si le profit augmente chez la nation à laquelle il vendait, le revenu national augmente; le consommateur national ne perdant point ce que le marchand gagné. S’il diminue au contraire chez cette nation le revenu diminué de toute la perte que fait le marchand; mais l’intérêt de la nation acheteuse est toujours le même que celui de son consommateur.

[Translation]

   When, on the contrary, the nation carries on trade of exportation and provides for foreign nations, the consumer at home having no longer any interest in this trade, the nation has nothing but the interest of the merchant in it. If the profit rises in the country to which the nation made sales, the national revenue increases, the consumer at home not losing what the merchant gains. If the profit, on the contrary, falls in that country, the revenue diminishes by the same as the loss sustained by the merchant. But the interest of the nation as a purchaser is always the same as that of her consumer.