The great competition introduced by machinery, and the
application of the principle of the subdivision of labour, render
it necessary for each producer to be continually on the watch, to
discover improved methods by which the cost of the article he
manufactures may be reduced; and, with this view, it is of great
importance to know the precise expense of every process, as well
as of the wear and tear of machinery which is due to it. The same
information is desirable for those by whom the manufactured goods
are distributed and sold; because it enables them to give
reasonable answers or explanations to the objections of
enquirers, and also affords them a better chance of suggesting to
the manufacturer changes in the fashion of his goods, which may
be suitable either to the tastes or to the finances of his
customers. To the statesman such knowledge is still more
important; for without it he must trust entirely to others, and
can form no judgement worthy of confidence, of the effect any tax
may produce, or of the injury the manufacturer or the country may
suffer by its imposition.
254. One of the first advantages which suggests itself as
likely to arise from a correct analysis of the expense of the
several processes of any manufacture, is the indication which it
would furnish of the course in which improvement should be
directed.
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