An inquiry into the permanent causes of the decline and fall of powerful and wealthy nations : $b Designed to shew how the prosperity of the British empire may be prolongedPlayfair, William
Philosophy
An inquiry into the permanent causes of the decline and fall of powerful and wealthy nations : $b Designed to shew how the prosperity of the British empire may be prolonged
Playfair, William
Economics; Great Britain -- Economic conditions; History -- Philosophy
How far this may go it is not easy to say; for if it is clear that the
farmer, by double prices, gets eighty-three pounds in place of twenty-
five, he can certainly afford to give his landlord something more. If he
gave him double the usual rent, it would still leave more than double
for himself. {134}
Of all the causes, then, that hasten the crisis of a country, none is
equal to that of the produce becoming unequal to the maintenance of
the inhabitants; for it is only in that case that the effects of monopoly
are to be dreaded.
In the case of animal food becoming too much in request, there is a
remedy which may be easily applied; of which it will be our purpose
to speak, in treating of the application of the present inquiry to the
advantage of the British dominions.
---
{133} The few years of dearth altered wages and rent more than had
been known for half a century before. Wages rose more, from 1790 to
1802, than they had done from 1740 to 1790.
{134} As the usual rent was twenty-five, and the usual profit twenty-
five, the landlord and tenant had fifty to divide, at ordinary prices; but,
at double prices, they had eighty-three added to twenty-five, or one
hundred and seven to divide: so that, if the farmer gave fifty, that is,
double, he would still have fifty-seven to himself, which is more than
double, by nearly one-third over and above.
No allowance has been made in this calculation for the diminution in
quantity. The reason is, that was comparatively very small; increased
consumption, rather than deficiency of produce, being the cause.
Besides, we only stated the rise as being double the usual price,
whereas, it was three times greater. [end of page #155]
-=-
CHAP. VII.
_Of the Increase of the Poor, as general Affluence becomes greater.--
Of Children left unprovided for.--Of their Division into two Classes--
Those that can labour more or less, and those that can do no Labour_.
In the career of wealth, in its early state, when individual industry is
almost without any aid from capital, men are as nearly on an equality
as the nature of things can admit. But, in proportion as capital comes
in to the aid of industry, that equality dies away, and men, who have
nothing but industry, lose their means of exerting it with advantage,
some become then incapable of maintaining their rank in society
altogether.
At the same time that this is taking place, articles of every sort, that
are necessary for the existence of men, are becoming dearer. As some
ranks of society have been described as bringing up their children not
to know the existence of necessity, others, who are depressed below
the natural situation of men, are bringing them up to feel the extreme
pressure of want.
Public-domain text, read in full here on John Shaqi.
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