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
Thus, in every farm, the offals of the barn and stable will maintain a
certain number of poultry. These, as they are fed with what would
otherwise be lost, are a mere save-all; and as they cost the farmer scarce
any thing, so he can afford to sell them for very little. Almost all that
he gets is pure gain, and their price can scarce be so low as to
discourage him from feeding this number. But in countries ill cultivated,
and therefore but thinly inhabited, the poultry, which are thus raised
without expense, are often fully sufficient to supply the whole demand. In
this state of things, therefore, they are often as cheap as butcher’s
meat, or any other sort of animal food. But the whole quantity of poultry
which the farm in this manner produces without expense, must always be
much smaller than the whole quantity of butcher’s meat which is reared
upon it; and in times of wealth and luxury, what is rare, with only nearly
equal merit, is always preferred to what is common. As wealth and luxury
increase, therefore, in consequence of improvement and cultivation, the
price of poultry gradually rises above that of butcher’s meat, till at
last it gets so high, that it becomes profitable to cultivate land for the
sake of feeding them. When it has got to this height, it cannot well go
higher. If it did, more land would soon be turned to this purpose. In
several provinces of France, the feeding of poultry is considered as a
very important article in rural economy, and sufficiently profitable to
encourage the farmer to raise a considerable quantity of Indian corn and
buckwheat for this purpose. A middling farmer will there sometimes have
four hundred fowls in his yard. The feeding of poultry seems scarce yet to
be generally considered as a matter of so much importance in England. They
are certainly, however, dearer in England than in France, as England
receives considerable supplies from France. In the progress of
improvements, the period at which every particular sort of animal food is
dearest, must naturally be that which immediately precedes the general
practice of cultivating land for the sake of raising it. For some time
before this practice becomes general, the scarcity must necessarily raise
the price. After it has become general, new methods of feeding are
commonly fallen upon, which enable the farmer to raise upon the same
quantity of ground a much greater quantity of that particular sort of
animal food. The plenty not only obliges him to sell cheaper, but, in
consequence of these improvements, he can afford to sell cheaper; for if
he could not afford it, the plenty would not be of long continuance. It
has been probably in this manner that the introduction of clover, turnips,
carrots, cabbages, etc.
Public-domain text, read in full here on John Shaqi.
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