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Avarice, the spur of industry, is so obstinate a passion, and works its way through so many real dangers and difficulties, that it is not likely to be scared by an imaginary danger, which is so small, that it scarcely admits of calculation. Commerce, therefore, in my opinion, is apt to decay in absolute governments, not because it is there less secure, but because it is less honourable.

David Hume#50

PoliticsPassionCommerceEconomyHonor

About this quote

What does it mean?
Commerce thrives on greed, but absolute governments hurt it by dishonoring trade.
In plain terms
Trade dies in dictatorships not due to safety, but honor.
What can you take from it?
Respect commerce for it to thrive.

Where it applies

  • economic policy
  • trade debate
  • political philosophy

Putting it to work

  • honor merchants in policy

Questions to consider

  • Is commerce more about honor than safety?

Another view

Security does impact commerce as much as honor.

More from David Hume

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