A Treatise on Political Economy
Appendix
10 s
Section summary
Appendix A is the “synoptical table” promised in III.9. It divides a nation’s productive funds into four equal portions and follows a loan to the state. One portion is lent and consumed, a second’s revenue goes in taxes to the lenders, and so the three remaining portions yield only two portions of revenue.
Appendix A. A Table, Showing the Result of Value Lent to the State
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| General Fund, whence all Revenue is derivable; consisting of the Total Natural Agency, Capital and Industry, at the command of the Nation, divided into four equal portions, whereof respectively each Individual is supposed to possess a share, proportionate to his Wealth. Of this stock, the only part applicable to the purpose of a National Loan, is the transferable or floating value, capable of acting as capital. | I. yielding | revenue | consumable by the proprietor himself. | These three portions yield but two of revenue; portion II. being absolutely extinct. |
| II. yielding | nothing; being lent to, and consumed by the state | revenue. | ||
| III. yielding | revenue | transferred to, and consumable by, the lenders of Portion II. | ||
| IV. yielding | revenue | applicable to any purpose. |