11 Stimulating consumption

Like the De la Court brothers, Bernard de Mandeville (1670-1733) from Rotterdam studied in Leiden and subsequently practised medicine in England, where in 1714 he published Fable of the Bees, or Private Vices Publick Benefits, disclosing innovative economic insights. He argued that individual vices served the general interest. The licentious person, acting out of evil intentions, for example, would provide work to tailors, servants, perfumers, cooks, and prostitutes, who in turn would require bakers, carpenters, and others.

The Fable of the Bees, or Private Vices, Public Benefits

The fable of the bees or private vices, public benefits
Bernard de Mandeville
London: J. Roberts, 1714
Book, 10 x 15

Date: 
1714
Number: 
11