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
Next, if we suppose, that the inhabitants do not incline to simplify
their way of life, but that the wealthy among them insist upon
purchasing all the instruments of luxury which they formerly were used
to enjoy, must not demand for work greatly rise, and must not, of
consequence, an additional encouragement be given to that species of
labour which had been diminished, in taking 100 persons from industry,
to throw them into the class of farmers? Will not this make them quickly
desert their spade, and the rather, as they have taken to an employment
less lucrative than that of farming, according to the former systems?
So much for the consequences which would follow, in case the plan
proposed was found practicable; that is, supposing it to be a thing
possible to transport into agriculture a part of an industrious society,
already otherwise employed, and to change _all at once_ the relative
proportion between those who supply food, and those who purchase it with
their industry. We have begun, by taking that first step for granted;
and now I am to shew what obstacles will be found in the execution.
We have said, that it is the multiplicity and complexity of wants which
give an encouragement to agriculture, and not agriculture, or an
abundance of food, which inspires mankind with a disposition to labour.
Now, if this principle be true, the supposition we have proceeded upon
is absurd. I am afraid, both reason and experience will abundantly prove
that it is so.
The natural and necessary effect of industry, in trades and
manufactures, is to promote the increase of relative husbandry; which,
by augmenting the surplus, tends of course to increase the proportion of
the free hands relatively to the farmers. A river may as easily ascend
to its source, as a people voluntarily adopt a more operose agriculture
than that already established, supposing the lands to be fully improved,
the spirit of industry to prevail on one hand, and the farmers to have
profit only in view on the other.
What farmer could sell the surplus of an expensive agriculture in
competition with another who exercised a species relatively more
productive?
When lands are improved, the simplification of agriculture is a
necessary concomitant of industry, because diminishing expence is the
only method of gaining a preference at market.
[Sidenote: QUEST. III.]
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