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
The equal division of lands, no doubt, greatly tends to increase the
numbers of one class of inhabitants, to wit, the landlords. In antient
times, as has been observed, the chief attention was to increase the
citizens, that is the higher classes of the state; and the equal
division of property so effectually produced this effect, that the Greek
states were obliged to allow the exposition of children; and Aristotle
looked upon it as a thing indispensably necessary, as M. de Montesquieu
has very judiciously observed. The multiplication of the lowest classes,
that is of the slaves, never entered into the consideration of the
public, but remained purely a matter of private concern; and we find it
was a question with some, whether or not it was worth while to breed
from them at all. But in our days the principal object is to support the
lower classes from their own multiplication, and for this purpose, an
unequal division of property seems to me the more favourable scheme;
because the wealth of the rich falls naturally into the pockets of the
industrious poor; whereas the produce of a very middling fortune, does
no more than feed the children of the proprietor, who in course become
very commonly and very naturally an useless burthen upon the land. Let
me apply this to an example. Do we not familiarly observe, that the
consolidation of small estates, and the diminution of gentlemens
families of middling fortunes, do little harm to a modern state. There
are always abundance of this class of inhabitants to be found whenever
there is occasion for them. When a great man buys up the lands of the
neighbouring gentry, or small proprietors, all the complaints which are
heard, turn upon the distress which thence result to the lower classes,
from the loss of their masters and protectors; but never one word is
heard of that made by the state, from the extinction of the former
proprietor’s family. This abundantly shews that the object of modern
attention is the multiplication of the lower classes, consequently it
must be an inconsistency to adopt the practice of the antients, when our
oeconomy is entirely opposite to theirs.
[Sidenote: QUEST. II.]
Let this suffice to point out how far the difference of our manners
should influence the division of our lands. I shall now examine a
question relative to the science of agriculture, not considered as a
method of improving the soil, (this will come in more naturally
afterwards) but of making it produce to the best advantage, supposing it
to be already improved.
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