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
In treating of the productions of the earth, in consequence of
agriculture, I have all along distinguished them from those which
spontaneously proceed from the force of nature: these are the immediate
gift of God, those are the return of the labour of his creatures. Every
one knows that the labour of mankind is not in proportion to their
numbers, but to their industry. The produce therefore of agriculture
must be estimated, not according to the quantity of fruits only, but
also according to the labour employed to produce them. These things
premised, the question here proposed to be examined arises, viz. Which
species of agriculture is the most advantageous to a modern society,
that which produces the greatest quantity of fruits _absolutely_ taken,
or that which produces the greatest quantity _relatively_ taken, I mean
to the labour employed?
This question might easily be resolved, in general, by the application
of principles already deduced; although it cannot admit of a direct
answer, in the manner I have put it. One, therefore, may say
indeterminately, that species is the best which produces a surplus the
best proportioned to the industry, and to the demands of all the free
hands of the state. But as this solution would not lead me to the object
I have in view, I have thrown in an alternative in order to gain
attention to the principles which I am going to examine, and which
influence and determine the establishment of the one or the other
species of agriculture.
The principal difficulty I find in the examination of this question, is
to distinguish the effects of agriculture from those of the spontaneous
production of the earth. The returns from pasture, for example,
relatively taken, are, as we have observed, both from reason and from
experience, far greater than those of corn fields, (vid. supra, chap.
8.) though I little doubt but that, absolutely taken, the case is quite
otherwise; that is to say, that an acre of the finest corn land will
produce more nourishment for man, than an equal portion of the finest
pasture: but here we are following the proportion of space and produce,
not of labour; for if the produce of both acres be considered relatively
to the _labour_ necessary for the cultivation, as well as to the extent;
the produce of pasture will be found far greater: this however I ascribe
to the spontaneous operation of nature, and not to the superior utility
of this kind of agriculture.
Since therefore it is impossible, rightly to separate the effects of
nature from those of art and industry, in this species of improvement,
let us confine our speculations to those only which have for their
object the turning up the surface, and the sowing or cultivating annual
vegetables. For the better conveying our ideas, let us take an example,
and reason from a supposition.
Public-domain text, read in full here on John Shaqi.
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