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
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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
Almost every one who has writ upon population, and upon agriculture,
considered as an essential concomitant of it, has recommended the equal
distribution of the property of lands as useful to both: a few
reflections upon this question, after what has been thrown out in the
course of the foregoing chapters, may not be improper; more in order to
examine and apply the principles laid down, than with a view to combat
the opinion of others.
I have already, upon several occasions, taken notice of the great
difference between the political oeconomy of the antients, and that of
modern times; for this reason, among others, that I perceive the
sentiments of the antients, which were founded upon reason and common
sense, relative to their situation, have been adopted by some moderns,
who have not perhaps sufficiently attended to the change of our manners,
and to the effects which this change must operate upon every thing
relative to our oeconomy. The antients recommended strongly an equal
distribution of lands as the best security for liberty, and the best
method, not only to preserve an equality among the citizens, but also to
increase their number.
In those days, the citizens did not compose one half of the state
relatively to numbers; and there was almost no such thing as an
established monied interest, which can no where be founded but upon
trade, and an extensive industry. In those days there was no solid
income but in land: and that being equally divided among the citizens,
was favourable to their multiplication and produced equality. But in our
days, riches do not consist in lands only; nay we sometimes find the
most considerable proprietor of these in very indifferent circumstances;
loaded with debts, and depending upon the indulgence of men who have not
an acre, and who are their creditors. Let us therefore divide our lands
as we please, we shall never produce equality by it. This is an
essential difference between us and the antients, with respect to one
point. Now as to the other, population.
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