An Inquiry into the Nature and Progress of Rent, and the Principles by Which It is RegulatedMalthus, T. R. (Thomas Robert)
General
An Inquiry into the Nature and Progress of Rent, and the Principles by Which It is Regulated
Malthus, T. R. (Thomas Robert)
Rent
With regard to the labouring classes of society, whose interests as
consumers may be supposed to be most nearly concerned, it is a very
short-sighted view of the subject, which contemplates, with alarm, the
high price of corn as certainly injurious to them. The essentials to
their well being are their own prudential habits, and the increasing
demand for labour. And I do not scruple distinctly to affirm, that under
similar habits, and a similar demand for labour, the high price of corn,
when it has had time to produce its natural effects, so far from being
a disadvantage to them, is a positive and unquestionable advantage. To
supply the same demand for labour, the necessary price of production
must be paid, and they must be able to command the same quantities of
the necessaries of life, whether they are high or low in price. [17]
But if they are able to command the same quantity of necessaries, and
receive a money price for their labour, proportioned to their advanced
price, there is no doubt that, with regard to all the objects of
convenience and comfort, which do not rise in proportion to corn [and
there are many such consumed by the poor], their condition will be most
decidedly improved.
The reader will observe in what manner I have guarded the proposition. I
am well aware, and indeed have myself stated in another place, that the
price of provisions often rises, without a proportionate rise of labour:
but this cannot possibly happen for any length of time, if the demand
for labour continues increasing at the same rate, and the habits of
the labourer are not altered, either with regard to prudence, or the
quantity of work which he is disposed to perform.
The peculiar evil to be apprehended is, that the high money price of
labour may diminish the demand for it; and that it has this tendency
will be readily allowed, particularly as it tends to increase the prices
of exportable commodities. But repeated experience has shown us
that such tendencies are continually counterbalanced, and more than
counterbalanced by other circumstances. And we have witnessed, in our
own country, a greater and more rapid extension of foreign commerce,
than perhaps was ever known, under the apparent disadvantage of a very
great increase in the price of corn and labour, compared with the prices
of surrounding countries.
Public-domain text, read in full here on John Shaqi.
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