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more perfect nomenclature should be GMQDJSTWP introduced. But though the inconveniences of a new nomenclature are much more than counterbalanced by its obvious utility in such sciences as chemistry, botany, and some others, where a great variety of RVED 305b987c477f781d17bc82b94010de41 objects, not in general use, must be arranged and described so as best to enable us to remember their characteristic distinctions; yet in such sciences as morals, politics, 305b987c477f781d17bc82b94010de41 and political economy, where the terms are comparatively few, and of constant application in the daily concerns of life, it is impossible to suppose [4] that an HXHBFD entirely new nomenclature 305b987c477f781d17bc82b94010de41 would be SBAASUW submitted to; and if it were, 305b987c477f781d17bc82b94010de41 it would not render the same service to these sciences, in promoting their advancement,as the nomenclatures of Linnæus, Lavoisier, and Cuvier, to the sciences to which they were respectively applied. Under 305b987c477f781d17bc82b94010de41 these circumstances, it may be desirableto consider what seem to be the most obvious and natural rules for our guidance in defining and applying the terms used in the science of political economy. The 305b987c477f781d17bc82b94010de41 object to be kept in view should LXKGL evidently be such a definition and application of these terms, as will enable us most clearly and conveniently to explain the nature and causes of QUCTEWP the wealth of nations; and the rules chiefly to be attended to 305b987c477f781d17bc82b94010de41 may, perhaps, be nearly included in the four following:— First. When we employ terms which are of daily CMHARMKRT occurrence in the common conversation of educated persons, we should define and apply them, 305b987c477f781d17bc82b94010de41 so as LWAGBCG to agree with the sense in which they are understood in this ordinary use of them. This is TWD HXNP the best JGKOBO and [5] more desirable authority for the meaning of words. Secondly. When the sanction of LSSBDVU this authority is not attainable, on account of further distinctions being required, the next best authority is that of some of the most celebrated writers in the science, particularly if any one of them has, by common consent, been considered PIMMV as the principal founder of it. In this case, whether the term be a new one, born with the science, or an 305b987c477f781d17bc82b94010de41 old one used in a new sense, it will not be strange to the generality of readers, nor liable to 305b987c477f781d17bc82b94010de41 be often misunderstood. But MOC it may be observed, that we shall not be able to improve the science if we are thus to be bound down by past authority. This is unquestionably true; and I should be by no means inclined to propose to political economists "jurare in verba magistri," whenever it can be clearly made out NQIJ that a change would be beneficial, and decidedly contribute to the ONQODG advancement of the science. But it must be allowed, that in the less strict sciences there are few definitions to which some plausible, nay, even real, objections are not to be [6] made; and, XJQOM HDGD if we determine to have a new one in every case where the old one is GLYBBJPPF not quite complete, the chances are, that we shall subject the science EEJ to all the very serious disadvantages of a frequent change of terms, without finally accomplishing our object. It is acknowledged, however, that a RVRDMHT change may sometimes be necessary; and .