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
If it be true, that a crop in the most plentiful year is nearly consumed
by the inhabitants, what becomes of them in years of scarcity; for
nobody can deny, that there is a great difference between one crop and
another. To this I answer, first, That I believe there is also a very
great deceit, or common mistake, as to the difference between crops: a
good year for one soil, is a bad one for another. But I shall not
enlarge on this; because I have no sufficient proof of my opinion. The
principal reason upon which I found it, is, that it is far from being
true, that the same number of people consume always the same quantity of
food. In years of plenty every one is well fed; the price of the lowest
industry can procure subsistence sufficient to bear a division; food is
not so frugally managed; a quantity of animals are fatted for use; all
sorts of cattle are kept in good heart; and people drink more largely,
because all is cheap. A year of scarcity comes, the people are ill fed,
and when the lower classes come to divide with their children, the
portions are brought to be very small; there is great oeconomy upon
consumption, few animals are fatted for use, cattle look miserably, and
a poor man cannot indulge himself with a cup of generous ale. Add to all
these circumstances, that in England the produce of pasture is very
considerable, and it commonly happens, that a bad year for grain, which
proceeds from rains, is for the same reason a good year for pasture; and
in the estimation of a crop, every circumstance must be allowed to
enter.
From what has been said I must conclude in general, that the best corn
country in the world, provided slavery be not established, does not
produce wherewithal fully to maintain, as in years of plenty, one third
more than its own inhabitants; for if this should be the case, all the
policy of man would not be able to prevent the multiplication of them,
until they arose nearly up to the mean proportion of the produce in
ordinary years, and it is only what exceeds this standard, and proceeds
from unusual plenty, which can be exported. Were plentiful years more
common, mankind would be more numerous; were scarcity more frequent,
numbers would be less. Numbers therefore must ever be, in my humble
opinion, in the ratio of food, and multiplication will never stop until
the balance comes to be nearly even.
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CHAP. XVIII.
_Of the Causes and Consequences of a Country’s being fully peopled._
Public-domain text, read in full here on John Shaqi.
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