Online Encyclopedia

Search over 40,000 articles from the original, classic Encyclopedia Britannica, 11th Edition.

NORTH, BARONS

Online Encyclopedia
Originally appearing in Volume V19, Page 759 of the 1911 Encyclopedia Britannica.
Spread the word: del.icio.us del.icio.us it!

See also:

NORTH, BARONS . The See also:English See also:title of See also:Lord North of her son See also:William See also:Henry See also:John North (b. 2836) succeeded as 11th Kirtling was created for See also:Edward North (c. 1496-1564), son of See also:baron, the title now being See also:separate from that of See also:Guilford. See also:Roger North, a See also:London See also:citizen, in 15J4; he was a successful NORTH, See also:SIR See also:DUDLEY (1641-1691), English economist, lawyer, clerk of the See also:parliament (1531) and See also:chancellor of the See also:court was 4th son of Dudley, 4th Lord North, who published, of augmentations (1545)• His second son was Sir See also:Thomas North besides other things, Passages See also:relating to the See also:Long Parliament, (q.v.), and he was succeeded as 2nd baron by his son Roger (1S3o- 1 See also:Gardiner's See also:Civil See also:War, iv. 285. 1600), a prominent courtier and soldier of See also:Queen See also:Elizabeth's 2 Roger North's Autobiography, ed. by A. Jessopp, 68. of which he had himself been a member. He was See also:born on the 16th of May 1641. In his See also:early years he was carried off by See also:gipsies and recovered with some difficulty by his See also:family—an incident curiously similar to that which befell See also:Adam See also:Smith in his See also:infancy. He engaged in See also:foreign See also:trade, especially with See also:Turkey, and spent a number of years at See also:Constantinople and See also:Smyrna.

Some notices of the See also:

manners and customs of the See also:east were printed from his papers by his See also:brother. Having returned to London with a considerable See also:fortune, he continued to prosecute trade with the See also:Levant. His ability and knowledge of See also:commerce attracted the See also:attention of the See also:government, and he was further recommended by the See also:influence of his brother Lord Guilford. During the Tory reaction under See also:Charles II. he was one of the sheriffs forced on the See also:city of London with an See also:express view to securing verdicts for the See also:crown in See also:state trials. He was knighted, and was appointed a See also:commissioner of customs, afterwards of the See also:treasury, and again of the customs. Having been elected a member of parliament under See also:James II., " he took," says Roger North, " the See also:place of manager for the crown in all matters of See also:revenue." After the Revolution he was called to See also:account for his alleged unconstitutional proceedings in his See also:office of See also:sheriff. He died on the 31st of See also:December 1691. His See also:tract entitled Discourses upon Trade, principally directed to the cases of the See also:interest, coinage, clipping and increase of See also:money, was published anonymously in 1691, and was edited in 1856 by J. R. M`Culloch in the Select Collection of Early English Tracts on Commerce printed by the See also:Political See also:Economy See also:Club of London. In this thorough-going and emphatic assertion of the See also:free-trade See also:doctrine against the See also:system of prohibitions which had gained strength by the Revolution, North shows that See also:wealth may exist independently of See also:gold or See also:silver, its source being human See also:industry, applied either to the cultivation of the See also:soil or to manufactures. It is a See also:mistake to suppose that stagnation of trade arises from want of money; it must arise either from a glut of the See also:home See also:market, or from a disturbance of foreign commerce, or from diminished See also:consumption caused by poverty.

The export of money in the course of See also:

traffic, instead of diminishing, increases the See also:national wealth, trade being only an See also:exchange of superfluities. Nations are related to the See also:world just in the same way as cities to the state or as families to the city. North emphasizes more than his predecessors the value of the home trade. With respect to the interest of See also:capital, he maintains that it depends, like the See also:price of any commodity, on the proportion of demand and See also:supply, and that a See also:low See also:rate is a result of the relative increase of capital, and cannot be brought about by arbitrary regulations, as had been proposed by Sir See also:Josiah See also:Child and others. In arguing the question of free trade, he urges that every See also:advantage given to one interest over another is injurious to the public. No trade is unprofitable to the public; if it were, it would be given up; when trades thrive, so does the public, of which they See also:form a See also:part. Prices must determine themselves, and cannot be fixed by See also:law; and all forcible interference with them does harm instead of See also:good. No See also:people can become See also:rich by state regulations,—only by See also:peace, industry, freedom and unimpeded economic activity. It will be seen how closely North's view of things approach to that embodied some eighty years later in Adam Smith's See also:great See also:work. North is named by Wilhelm See also:Roscher as one of that " great triumvirate " which in the 17th See also:century raised the English school of economists to the foremost place in See also:Europe, the other members of the See also:group being See also:Locke and See also:Petty.

End of Article: NORTH, BARONS

Additional information and Comments

There are no comments yet for this article.
» Add information or comments to this article.
Please link directly to this article:
Highlight the code below, right click, and select "copy." Then paste it into your website, email, or other HTML.
Site content, images, and layout Copyright © 2006 - Net Industries, worldwide.
Do not copy, download, transfer, or otherwise replicate the site content in whole or in part.

Links to articles and home page are always encouraged.

[back]
NORTH WALSHAM
[next]
NORTH, MARIANNE (1830—1890)