An Inquiry into the Nature and Progress of Rent, and the Principles by Which It is Regulated — John Shaqi
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
On the other hand, instances everywhere abound of a very low money price
of labour, totally failing to produce an increasing demand for it. And
among the labouring classes of different countries, none certainly are
so wretched as those, where the demand for labour, and the population
are stationary, and yet the prices of provisions extremely low, compared
with manufactures and foreign commodities. However low they may be,
it is certain, that under such circumstances, no more will fall to the
share of the labourer than is necessary just to maintain the actual
population; and his condition will be depressed, not only by the
stationary demand for labour, but by the additional evil of being able
to command but a small portion of manufactures or foreign commodities,
with the little surplus which he may possess. If, for instance, under a
stationary population, we suppose, that in average families two thirds
of the wages estimated in corn are spent in necessary provisions, it
will make a great difference in the condition of the poor, whether the
remaining one third will command few or many conveniencies and comforts;
and almost invariably, the higher is the price of corn, the more
indulgences will a given surplus purchase.
The high or low price of provisions, therefore, in any country is
evidently a most uncertain criterion of the state of the poor in that
country. Their condition obviously depends upon other more powerful
causes; and it is probably true, that it is as frequently good, or
perhaps more frequently so, in countries where corn is high, than where
it is low.
At the same time it should be observed, that the high price
of corn, occasioned by the difficulty of procuring it, may be considered
as the ultimate check to the indefinite progress of a country in wealth
and population. And, although the actual progress of countries be
subject to great variations in their rate of movement, both from
external and internal causes, and it would be rash to say that a state
which is well peopled and proceeding rather slowly at present, may
not proceed rapidly forty years hence; yet it must be owned, that the
chances of a future rapid progress are diminished by the high prices of
corn and labour, compared with other countries.
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