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
has contributed to sink the common price of
butcher’s meat in the London market, somewhat below what it was about the
beginning of the last century.
The hog, that finds his food among ordure, and greedily devours many
things rejected by every other useful animal, is, like poultry, originally
kept as a save-all. As long as the number of such animals, which can thus
be reared at little or no expense, is fully sufficient to supply the
demand, this sort of butcher’s meat comes to market at a much lower price
than any other. But when the demand rises beyond what this quantity can
supply, when it becomes necessary to raise food on purpose for feeding and
fattening hogs, in the same manner as for feeding and fattening other
cattle, the price necessarily rises, and becomes proportionably either
higher or lower than that of other butcher’s meat, according as the nature
of the country, and the state of its agriculture, happen to render the
feeding of hogs more or less expensive than that of other cattle. In
France, according to Mr Buffon, the price of pork is nearly equal to that
of beef. In most parts of Great Britain it is at present somewhat higher.
The great rise in the price both of hogs and poultry, has, in Great
Britain, been frequently imputed to the diminution of the number of
cottagers and other small occupiers of land; an event which has in every
part of Europe been the immediate forerunner of improvement and better
cultivation, but which at the same time may have contributed to raise the
price of those articles, both somewhat sooner and somewhat faster than it
would otherwise have risen. As the poorest family can often maintain a cat
or a dog without any expense, so the poorest occupiers of land can
commonly maintain a few poultry, or a sow and a few pigs, at very little.
The little offals of their own table, their whey, skimmed milk, and butter
milk, supply those animals with a part of their food, and they find the
rest in the neighbouring fields, without doing any sensible damage to any
body. By diminishing the number of those small occupiers, therefore, the
quantity of this sort of provisions, which is thus produced at little or
no expense, must certainly have been a good deal diminished, and their
price must consequently have been raised both sooner and faster than it
would otherwise have risen. Sooner or later, however, in the progress of
improvement, it must at any rate have risen to the utmost height to which
it is capable of rising; or to the price which pays the labour and expense
of cultivating the land which furnishes them with food, as well as these
are paid upon the greater part of other cultivated land.
Public-domain text, read in full here on John Shaqi.
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