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and diversity of races and languages, the divisions 

 of caste, the different stages of education ai.d 

 civilization of its various provinces and districts, 

 and countless other circumstances in which India 

 is antipodal to England, and regarding many, 

 if not most of which, moreover, the knowledge 

 of the best informed on Indian matters is defi- 

 cient, sound Economists will not dispute, that 

 if the same laws which regulate the system there, 

 without any allowance whatever being made for 

 antagonism of ideas and difference of circum- 

 stances, be applied here, they will be met by 

 disturbing influences quite sufficient to upset the 

 most accurate and nicely balanced calculations. 



For after all, what is a system of Political Economy? 

 Surely not a compound of aphorisims, or syllogisms} 

 Nor yet the heaping up of a standard of infallable 

 principles, to which all cases, occurring in nations 

 in all stages of civilization, may be referred, as to 

 an undeviating Law \ 1 do not think so. Aa 1 under- 

 stand it, it is, from our present point of view, simply 

 ihe judicious application of such general principles 

 regarding the production and distribution of wealth 

 &c., as experience has approved, to the business 

 transactions of a Nation (or the world), as will best 

 tend to the greatest development of individual 

 industry, and be most conducive to the public good 

 (or the welfare and prosperity of mankind.) And 

 if this definition be right, it is surely sufficient 



