“To cherish and stimulate the activity of the human mind, by multiplying the objects of enterprise, is not among the least considerable of the expedients, by which the wealth of a nation may be promoted.”
- Date
- 1791
Meaning of “To cherish and stimulate the activity of the…”
Hamilton argues that a wider variety of productive pursuits can encourage enterprise and contribute to national economic activity.
Where does it come from?
Final Report on the Subject of Manufactures, December 5, 1791, preserved by Founders Online / National Archives. The sentence appears in Hamilton’s argument for diversifying occupations and manufacturing activity. It is eighteenth-century political economy and policy advocacy, not current economic or investment guidance.