Introductory Lectures On Political Economy, Being Part of a Course Delivered in Easter Term, 1831

Cover Introductory Lectures On Political Economy, Being Part of a Course Delivered in Easter Term, 1831
Introductory Lectures On Political Economy, Being Part of a Course Delivered in Easter Term, 1831
Whately, Richard, 1787-1863
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Digitized by CjOOQ IC 72 have credit for much experience, in what relates to the matter in hand, and another, who, per- haps, possesses as much, or more, shall be underrated as wanting it. The vulgar, of all ranks, need to be warned, first, that time alone does not constitute experience ; so that many years may have passed over a man's head, with- out his even having had the same opportunities of acquiring it, as another, much younger: secondly, that the longest practice in conducting any busin
...ess in one way, does not necessarily confer any experience in conducting it in a different way ; for instance, an experienced husbandman, or minister of state, in Persia, would be much at a loss in Europe ; and if they had some things less to learn than an entire novice, on the other hand they would have much to unlearn: and, thirdly, that merely being conversant about a certain class of subjects, does not confer experi- ence in a case where the operations, and the end proposed, are different. It is said that there was an Amsterdam merchant, who had dealt largely in com all his life, who had never seen a field of wheat growing; this man had doubtless acquired, by experience, an accurate judgment of the quali- Digitized by CjOOQ IC 73 ties of each description of corn,— of the best methods of storing it,— of the arts of buying and selling it at proper times, &c.

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