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
Fourthly, the variations in the price of labour not only do not
correspond, either in place or time, with those in the price of
provisions, but they are frequently quite opposite.
Grain, the food of the common people, is dearer in Scotland than in
England, whence Scotland receives almost every year very large supplies.
But English corn must be sold dearer in Scotland, the country to which it
is brought, than in England, the country from which it comes; and in
proportion to its quality it cannot be sold dearer in Scotland than the
Scotch corn that comes to the same market in competition with it. The
quality of grain depends chiefly upon the quantity of flour or meal which
it yields at the mill; and, in this respect, English grain is so much
superior to the Scotch, that though often dearer in appearance, or in
proportion to the measure of its bulk, it is generally cheaper in reality,
or in proportion to its quality, or even to the measure of its weight. The
price of labour, on the contrary, is dearer in England than in Scotland.
If the labouring poor, therefore, can maintain their families in the one
part of the united kingdom, they must be in affluence in the other.
Oatmeal, indeed, supplies the common people in Scotland with the greatest
and the best part of their food, which is, in general, much inferior to
that of their neighbours of the same rank in England. This difference,
however, in the mode of their subsistence, is not the cause, but the
effect, of the difference in their wages; though, by a strange
misapprehension, I have frequently heard it represented as the cause. It
is not because one man keeps a coach, while his neighbour walks a-foot,
that the one is rich, and the other poor; but because the one is rich, he
keeps a coach, and because the other is poor, he walks a-foot.
Public-domain text, read in full here on John Shaqi.
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