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
Whether industry has done hurt to population, by augmenting the
relative, and diminishing the absolute produce of agriculture; or
whether it has done good to it, by encouraging the science in general,
and extending the exercise of it over the face of the earth, is a matter
of fact which I shall leave to others, better informed than I am, to
determine. For my own part, I believe that thousands of examples may be
found of the one and the other. I know corn fields, where villages
formerly stood, the inhabitants of which fed themselves with the pure
produce of absolute agriculture; that is, with a bit of garden ground,
and the milk of a cow: there surely is depopulation: but, at a small
distance from the place where those villages stood, I see corn fields,
where nothing but heath was to be met with; this marks population. I
seek no more than to explain from facts the principles I am endeavouring
to discover, and shall leave general conclusions to others, as I have
already said.
There is a maxim in law, which may be extended almost to every thing in
this world, _unum quodque eodem modo solvitur quo colligatum est_.
Industry forms this species of absolute agriculture; industry destroys
it. A military force raised the Roman greatness; a military force
destroyed it. A spirit of liberty may form a noble constitution, and a
spirit of liberty may break the same to pieces. The States of Denmark
restrained the royal power and established a free government; the same
States rendered that very power unlimited, and established there the
purest monarchy in Christendom. But these reflections are foreign to our
subject: _Ne sutor ultra crepidam_. I return.
When industry is set on foot, it gives encouragement to agriculture
exercised as a trade: and by the allurements of ease, which a large
surplus procures to the farmers, it does hurt to that species which is
exercised as a method of subsistence. Lands become more generally and
less thoroughly laboured. In some countries tillage is set on foot and
encouraged; this is an operose agriculture. While industry goes forward,
and while a people can remain satisfied with a nourishment consisting
chiefly of bread, this system of agriculture will subsist, and will
carry numbers very high. If wealth increases, and if those who have it
begin to demand a much greater proportion of work than formerly, while
they consume no more food, then I believe numbers may diminish from the
principles I am now going in quest of.
I return to the council of the island where the proposition laid down
upon the carpet is, _The scanty subsistence of the inhabitants requires
redress_.
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