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
Familiar experience proves the truth of this. I have a corn farm, where
I maintain ten horses and four servants for the cultivation alone: at
the end of the year I find my surplus equal to 40_l._ sterling. If, by
throwing my grounds into grass, I can dismiss three servants and eight
horses, and at the end of the year raise my surplus to 50_l._ sterling,
who doubts of my doing it? Is not this following the doctrine above laid
down? But there is nothing odious in this; because I do not see these
three servants die for hunger, nor is it a consequence they should, as
states are formed. They turn themselves to industry, and food comes from
abroad, in proportion as the country itself produces a less quantity.
Fact and experience prove this assertion, and I cite Holland as an
example, where every branch of operose agriculture is exploded, except
for such productions as cannot be brought from other countries. I
introduced the rough Machiavelian only to set principles in a strong
light, and particularly that concerning the recruiting of armies from
the land, which I take to be both a true one, and one necessary to be
attended to, to wit, that those who must labour for the subsistence of
the society, can be of little use for the defence of a state, in case of
any emergency. Princes have found out the truth of this, and in
proportion as industry has extended itself, regular armies have been
found necessary to be kept up in times of peace, in order to be had in
times of war. A militia composed of people truly industrious, I take to
be far better in speculation than in practice. How would a militia do in
Holland? how admirable was it not formerly in Scotland, Poland, and
Catalonia? And how admirably does it still succeed in the armies of the
house of Austria? I may however be mistaken; for a military and an
industrious spirit may be found compatible with one another in some
particular nations: time perhaps will clear up this matter. Thus much
with regard to a militia. Now as to recruiting a regular army.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account