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
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
in 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, &c. 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.
Public-domain text, read in full here on John Shaqi.
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