“A greater and more ruinous mistake cannot be fallen into, than that the trades of agriculture and grazing can be conducted upon any other than the common principles of commerce; namely, that the producer should be permitted, and even expected, to look to all possible profit which, without fraud or violence, he can make; to turn plenty or scarcity to the best advantage he can; to keep back or to bring forward his commodities at his pleasure; to account to no one for his stock or for his gain. On any other terms he is the slave of the consumer; and that he should be so is of no benefit to the consumer. No slave was ever so beneficial to the master as a freeman that deals with him on an equal footing by convention, formed on the rules and principles of contending interests and compromised advantages. [Thoughts and Details on Scarcity]”
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Edmund Burke, was born in Dublin, January 12, educated at a Quaker boarding school and at Trinity College, Dublin. In 1750 he entered the Middle Temple, London, but soon abandoned law for literary work.
The best of Burke's writings and speeches belong to this period, and may be described as a defense of sound constitutional statesmanship against prevailing abuse and misgovernment. In 1788 he opened the trial of Warren Hastings by the speech which will always rank among the masterpieces of English eloquence.
Burke had vast knowledge of political affairs, a glowing imagination, passionate sympathies, and an inexhaustible wealth of powerful and cultured expression. However, his delivery was awkward and speeches which today captivate the reader only served to empty the benches of the House of Commons (some speeches were in excess of eight hours).
One of the foremost political thinkers of 18th century England, Burke died July 9, 1797, and was buried in a little church at Beaconsfield.