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
seldom exceeded a third or fourth part of the whole farm, and sometimes
did not amount to a fifth or a sixth part of it. The rest were never
manured, but a certain portion of them was in its turn, notwithstanding,
regularly cultivated and exhausted. Under this system of management, it
is evident, even that part of the lands of Scotland which is capable of
good cultivation, could produce but little in comparison of what it may
be capable of producing. But how disadvantageous soever this system may
appear, yet, before the Union, the low price of cattle seems to have
rendered it almost unavoidable. If, notwithstanding a great rise in the
price, it still continues to prevail through a considerable part of the
country, it is owing in many places, no doubt, to ignorance and
attachment to old customs, but, in most places, to the unavoidable
obstructions which the natural course of things opposes to the
immediate or speedy establishment of a better system: first, to the
poverty of the tenants, to their not having yet had time to acquire a
stock of cattle sufficient to cultivate their lands more completely, the
same rise of price, which would render it advantageous for them to
maintain a greater stock, rendering it more difficult for them to
acquire it; and, secondly, to their not having yet had time to put their
lands in condition to maintain this greater stock properly, supposing
they were capable of acquiring it. The increase of stock and the
improvement of land are two events which must go hand in hand, and of
which the one can nowhere much outrun the other. Without some increase
of stock, there can be scarce any improvement of land, but there can be
no considerable increase of stock, but in consequence of a considerable
improvement of land; because otherwise the land could not maintain it.
These natural obstructions to the establishment of a better system,
cannot be removed but by a long course of frugality and industry; and
half a century or a century more, perhaps, must pass away before the old
system, which is wearing out gradually, can be completely abolished
through all the different parts of the country. Of all the commercial
advantages, however, which Scotland has derived from the Union with
England, this rise in the price of cattle is, perhaps, the greatest. It
has not only raised the value of all highland estates, but it has,
perhaps, been the principal cause of the improvement of the low country.
Public-domain text, read in full here on John Shaqi.
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