An Inquiry into the Principles of Political Oeconomy (Vol. 1 of 2): Being an essay on the science of domestic policy in free nations. In which are particularly considered population, agriculture, trade, industry, money, coin, interest, circulation, banks, exchange, public credit, and taxesSteuart, James, Sir
History
An Inquiry into the Principles of Political Oeconomy (Vol. 1 of 2): Being an essay on the science of domestic policy in free nations. In which are particularly considered population, agriculture, trade, industry, money, coin, interest, circulation, banks, exchange, public credit, and taxes
Steuart, James, Sir
Economics
I shall now suppose our modern policy to inspire an ingenious or public
spirited lady to set up a weaver or two at a farm-house. The cottars
begin to spin; they will be a long time in attaining to a dexterity
sufficient to appear at the weaver’s house, in competition with others
who are accustomed to the trade; consequently this manufacture will be
long in a languishing condition; but if the undertaking is supported
with patience, these obstacles will be got the better of. Those who
tended herds of cattle for a poor maintenance, will turn themselves to a
more profitable occupation; the farmer will find more difficulty in
getting hands, he will complain, perhaps give way; the master will lose
a year’s rent, and no body will take so extensive a farm; it must be
divided, then it must be improved, and then it produces more grain upon
one tenth, than perhaps formerly was produced upon the whole. This grain
is bought with the price of spinning; the parents divide with the
children, who are fed, and spin in their turn. When this is
accomplished, what is the revolution? Why, formerly the earth fed all
the inhabitants with her spontaneous productions, as I may call them;
now more labour is exercised upon turning up her surface, this she pays
in grain, which belongs to the strong man for his labour and toil; women
and children have no direct share, because they have not contributed
thereto, as they did in feeding cattle. But they spin, and have money to
buy what they have not force to produce; consequently they live; but as
they become useless as cottars, they remove from their mother earth, and
gather into villages. When this change is effected the lands appear less
inhabited; ruinous huts (nay, villages I may call them) are found
frequently, and many would be apt to conclude, that the country is
depopulated; but this is by no means found to be the case, when the
whole is taken together.
The spirit therefore of the principal people of a country determines the
employment of the lower classes; the employment of these determines
their usefulness to the state, and their usefulness, their
multiplication. The more they are useful, the more they gain, according
to the definition of the contract of society; the more they gain, the
more they can feed; and consequently the more they will marry and divide
with their children. This increases useful population, and encourages
agriculture. Compare the former with the present situation, as to
numbers, as to ease, as to happiness!
Public-domain text, read in full here on John Shaqi.
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