An Inquiry into the Nature and Causes of the Wealth of NationsSmith, Adam
History
An Inquiry into the Nature and Causes of the Wealth of Nations
Smith, Adam
Economics
the pasture had, in his opinion, occasioned the degradation of their
cattle, which degenerated sensibly from one generation to another. They
were probably not unlike that stunted breed which was common all over
Scotland thirty or forty years ago, and which is now so much mended
through the greater part of the low country, not so much by a change of
the breed, though that expedient has been employed in some places, as by a
more plentiful method of feeding them.
Though it is late, therefore, in the progress of improvement, before
cattle can bring such a price as to render it profitable to cultivate land
for the sake of feeding them; yet of all the different parts which compose
this second sort of rude produce, they are perhaps the first which bring
this price; because, till they bring it, it seems impossible that
improvement can be brought near even to that degree of perfection to which
it has arrived in many parts of Europe.
As cattle are among the first, so perhaps venison is among the last parts
of this sort of rude produce which bring this price. The price of venison
in Great Britain, how extravagant soever it may appear, is not near
sufficient to compensate the expense of a deer park, as is well known to
all those who have had any experience in the feeding of deer. If it was
otherwise, the feeding of deer would soon become an article of common
farming, in the same manner as the feeding of those small birds, called
turdi, was among the ancient Romans. Varro and Columella assure us, that
it was a most profitable article. The fattening of ortolans, birds of
passage which arrive lean in the country, is said to be so in some parts
of France. If venison continues in fashion, and the wealth and luxury of
Great Britain increase as they have done for some time past, its price may
very probably rise still higher than it is at present.
Between that period in the progress of improvement, which brings to its
height the price of so necessary an article as cattle, and that which
brings to it the price of such a superfluity as venison, there is a very
long interval, in the course of which many other sorts of rude produce
gradually arrive at their highest price, some sooner and some later,
according to different circumstances.
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