An Inquiry Into the Nature and Causes of the Wealth of NationsSmith, Adam
General
An Inquiry Into the Nature and Causes of the Wealth of Nations
Smith, Adam
Economics
Masters of all sorts, therefore, frequently make better bargains with
their servants in dear than in cheap years, and find them more humble
and dependent in the former than in the latter. They naturally,
therefore, commend the former as more favourable to industry. Landlords
and farmers, besides, two of the largest classes of masters, have
another reason for being pleased with dear years. The rents of the one,
and the profits of the other, depend very much upon the price of
provisions. Nothing can be more absurd, however, than to imagine that
men in general should work less when they work for themselves, than when
they work for other people. A poor independent workman will generally be
more industrious than even a journeyman who works by the piece. The one
enjoys the whole produce of his own industry, the other shares it with
his master. The one, in his separate independent state, is less liable
to the temptations of bad company, which, in large manufactories, so
frequently ruin the morals of the other. The superiority of the
independent workman over those servants who are hired by the month or by
the year, and whose wages and maintenance are the same, whether they do
much or do little, is likely to be still greater. Cheap years tend to
increase the proportion of independent workmen to journeymen and
servants of all kinds, and dear years to diminish it.
A French author of great knowledge and ingenuity, Mr Messance, receiver
of the tallies in the election of St Etienne, endeavours to shew that
the poor do more work in cheap than in dear years, by comparing the
quantity and value of the goods made upon those different occasions in
three different manufactures; one of coarse woollens, carried on at
Elbeuf; one of linen, and another of silk, both which extend through the
whole generality of Rouen. It appears from his account, which is copied
from the registers of the public offices, that the quantity and value of
the goods made in all those three manufactories has generally been
greater in cheap than in dear years, and that it has always been
greatest in the cheapest, and least in the dearest years. All the three
seem to be stationary manufactures, or which, though their produce may
vary somewhat from year to year, are, upon the whole, neither going
backwards nor forwards.
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