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
Let me suppose an island of a small extent and fruitful soil,
sufficiently improved, and cultivated after the manner of the best lands
of England, in the ordinary method of farming.
In that case we may infer, from what was laid down in the 8th chapter,
that the number of people employed about farming may be nearly about one
half of the whole society. Let the whole inhabitants of the island be
called 1000, that is 500 farmers, and as many free hands. The 500
farmers must then feed 1000; the 500 free hands must provide for all the
other wants of 1000. By this supposition, and allowing that there is an
equal degree of industry in these two classes, the providing of food
will appear to be an occupation just equal to that of providing for all
other wants. From this let me draw a few consequences, by the by, before
I proceed.
Experience shews that in all countries there are found many who are here
understood to be included in the class of free hands, who consumed
infinitely more of other things than of food; consequently we must
conclude, that as the wants of some do far exceed the proportion of
their food, so in order to bring the balance even, the wants of others
must fall far below it. That this is the case, I believe, will be found
by experience. Let me follow this thought a little farther.
In proportion as a greater number than one half of the people becomes
employed in agriculture, must it not follow, that all other work must
come to bear a smaller proportion than formerly to the food consumed;
consequently the manner of living must become more simple. Now we have
shewn that what we call wants, in contradistinction to food, can only be
supplied by the free hands, and that these again can only be fed from
the surplus of the farmers; consequently the fewer wants, and the fewer
free hands, the less surplus, which of course infers an agriculture less
productive, relatively to the number of farmers. Were, therefore, a
whole society employed in agriculture, carried on as a direct method of
subsisting, there would be no surplus, consequently no free hands;
consequently no work for supplying any want but food. This may be
thought an impossible supposition. If you suppose agriculture exercised
as a trade, I allow it to be so, but not if it be carried on as a method
of subsisting only; and if you throw away the idea of labour altogether,
and suppose mankind in its infancy, that is in paradise, living upon the
spontaneous fruits of the earth, and quite naked, you will find the case
not only supposable, but exactly so. It is exactly so among the cattle:
every one of them may be considered in a parallel situation with a
husbandman who works for his own nourishment. They feed upon the
spontaneous fruits of the earth, and have no surplus; and having no
other want, they are freed from every other care. Let me return now to
the island.
Public-domain text, read in full here on John Shaqi.
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