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Third Book
The Systems
Chapter 28
The National Economists of Italy
Italy has been the forerunner of all modern nations; in the
theory as well as in the practice of Political Economy。 Count
Pechio has given us a laboriously written sketch of that branch of
Italian literature; only his book is open to the observation; that
he has clung too slavishly to the popular theory; and has not duly
set forth the fundamental causes of the decline of Italy's national
industry the absence of national unity; surrounded as she was by
great nationalities united under hereditary monarchies; further;
priestly rule and the downfall of municipal freedom in the Italian
republics and cities。 If he had more deeply investigated these
causes; he could not have failed to apprehend the special tendency
of the 'Prince' of Macchiavelli; and he would not have passed that
author by with merely an incidental reference to him。(1*)
Through a remark of Pechio; that Macchiavelli in a letter to
his friend Guicciardini (in 1525) had proposed a union of all the
Powers of Italy against the foreigner; and that as that letter was
communicated to Pope Clement VII he had thus exercised considerable
influence in the formation of the 'Holy League' (in 1526); we were
led to imagine that the same tendency must underlie the 'Prince。'
As soon as we referred to that work; we found our anticipation
confirmed at first sight。 The object of the 'Prince' (written in
1513) was clearly to impress the Medici with the idea; that they
were called upon to unite the whole of Italy under one sovereignty;
and to indicate to them the means whereby that end might be
attained。 The title and form of that book; as though its general
intention was to treat of the nature of absolute government; were
undoubtedly selected from motives of prudence。 It only alludes
incidentally to the various hereditary Princes and their
governments。 Everywhere the author has in view only one Italian
usurper。 Principalities must be overthrown; dynasties destroyed;
the feudal aristocracy brought under subjection; liberty in the
republics rooted out。 The virtues of heaven and the artifices of
hell; wisdom and audacity; valour and treachery; good fortune and
chance; must all be called forth; made use of; and tried by the
usurper; in order to found an Italian empire。 And to this end a
secret is confided to him; the power of which has been thoroughly
made manifest three hundred years later a national army must be
created; to whom victory must be assured by new discipline and by
newly invented arms and manoeuvres。(2*)
If the general character of his arguments leaves room for doubt
as to the special bias of this author; such doubt will be removed
by his last chapter。 There he plainly declares that foreign
invasions and internal divisions are the fundamental causes of all
the evils prevailing in Italy; that the House of the Medici; under
whose dominion were (fortunately) Tuscany and the States of the
Church; were called by Providence itself to accomplish that great
work; that the present was the best time and opportunity for
introducing a new r間ime; that now a new Moses must arise to
deliver his people from the bondage of Egypt; that nothing
conferred on a Prince more distinction and fame than great
enterprises。(3*)
That anyone may read between the lines the tendency of that
book in the other chapters also; may be best seen by the manner in
which the author in his ninth chapter speaks of the States of the
Church。 It is merely an irony when he says; 'The priests possessed
lands but did not govern them; they held lordships but did not
defend them; these happiest of all territories were directly
protected by God's Providence; it would be presumption to utter a
criticism upon them。' He clearly by this language meant it to be
understood without saying so in plain words: This country presents
no special impediment to a bold conqueror; especially to a Medici
whose relative occupies the Papal chair。
But how can we explain the advice which Macchiavelli gives to
his proposed usurper respecting the republics; considering his own
republican sentiments? And must it be solely attributed to a design
on his part to ingratiate himself with the Prince to whom his book
is dedicated; and thus to gain private advantages; when he; the
zealous republican; the great thinker and literary genius; the
patriotic martyr; advised the future usurper utterly to destroy the
freedom of the Italian republics? It cannot be denied that
Macchiavelli; at the time when he wrote the 'Prince;' was
languishing in poverty; that he regarded the future with anxiety;
that he earnestly longed and hoped for employment and support from
the Medici。 A letter which he wrote on October 10; 1513; from his
poor dwelling in the country to his friend Bettori; at Florence;
places that beyond doubt。(4*)
Nevertheless; there are strong reasons for believing that he by
this book did not merely design to flatter the Medici; and to gain
private advantage; but to promote the realisation of a plan of
usurpation; a plan which was not opposed to his
republican…patriotic ideas; though according to the moral ideas of
our day it must be condemned as reprehensible and wicked。 His
writings and his deeds in the service of the State prove that
Macchiavelli was thoroughly acquainted with the history of all
periods; and with the political condition of all States。 But an eye
which could see so far backwards; and so clearly what was around
it; must also have been able to see far into the future。 A spirit
which even at the beginning of the sixteenth century recognised the
advantage of the national arming of Italy; must also have seen that
the time for small republics was past; that the period for great
monarchies had arrived; that nationality could; under the
circumstances then existing; be won only by means of usurpation;
and maintained only by despotism; that the oligarchies as they then
existed in the Italian republics constituted the greatest obstacle
to national unity; that consequently they must be destroyed; and
that national freedom would one day grow out of national unity。
Macchiavelli evidently desired to cast away the worn…out liberty of
a few cities as a prey to despotism; hoping by its aid to acquire
national union; and thus to insure to future generations freedom on
a greater and a nobler scale。
The earliest work written specially on Political Economy in
Italy; is that of Antonio Serra of Naples (in 1613); on the means
of providing 'the Kingdoms' with an abundance of gold and silver。
J。 B。 Say and M'Culloch appear to have seen and read only the
title of this book: they each pass it over with the remark that it
merely treats of money; and its title certainly shows that the
author laboured under the error of considering the precious metals
as the sole constituents of wealth。 If they had read farther into
it; and duly considered its contents; they might perhaps have
derived from it some wholesome lessons。 Antonio Serra; although he
fell into the error of considering an abundance of gold and silver
as the tokens of wealth; nevertheless expresses himself tolerably
clearly on the causes of it。
He certainly puts mining in the first place as the direct
source of the precious metals; but he treats very justly of the
indirect means of acquiring them。 Agriculture; manufactures;
commerce; and navigation; are; according to him; the chief sources
of national wealth。 The fertility of the soil is a sure source of
prosperity; manufactures are a still more fruitful source; for
several reasons; but chiefly because they constitute the foundation
of an extensive commerce。 The productiveness of these sources
depends on the characteristic qualifications of the people (viz。
whether they are industrious; active; enterprising; thrifty; and so
forth); also on the nature and circumstances of the locality
(whether; for instance; a city is well situated for maritime
trade)。 But above all these causes; Serra ranks the form of
government; public order; municipal liberty; political guarantees;
the stability of the laws。 ' No country can prosper;' says he; '
where each successive ruler enacts new laws; hence the States of
the Holy Father cannot be so prosperous as those countries whose
government and legislation are more stable。 In contrast with the
former; one may observe in Venice the effect which a system of
order and legislation; which has continued for centuries; has on
the public welfare。' This is the quintessence of a system of
Political Economy which in the main; notwithstanding that its
object appears to be only the acquisition of the precious metals;
is remarkable for its sound and natural doctrine。 The work of J。 B。
Say; although it comprises ideas and matter on Political Economy of
which Antonio Serra had in his day no foreknowledge; is far
inferior to Serra's on the main points; and especially as respects
a due estimate of the effect of political circumstances on the
wealth of nations。 Had Say studied Serra instead of laying his work
aside; he could hardly have maintained (in the first page of his
system of Political Economy) that 'the constitution of countries
cannot be taken into account in respect to Political Econo
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