“Most of the arts and professions in a state,” says by far the most illustrious philosopher and historian of the present age, “are of such a nature that, while they promote the interests of the society, they are also useful or agreeable to some individuals; and in that case, the constant rule of the magistrate, except perhaps on the first introduction of any art, is to leave the profession to itself, and trust its encouragement to the individuals who reap the benefit of it.

The artisans, finding their profits to rise by the favour of their customers, increase as much as possible their skill and industry; and as matters are not disturbed by any injudicious tampering, the commodity is always sure to be at all times nearly proportioned to the demand.

“But there are