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
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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
My answer is, That if France were fully cultivated and peopled, the
introduction of superfluous consumption would be an abuse, and would
diminish the number of inhabitants; as the contrary is the case, it
proves an advantage. I shall now give my reasons for differing in
opinion from the gentleman whose performance I have cited.
As the question is put, you perceive the end to be compassed is, to
render food and necessaries abundant; because the abuse is considered in
no other light, than relatively to the particular effect of diminishing
the proper quantity of subsistence, which the king would incline to
preserve, for the nourishment and uses of his people. I shall therefore
confine myself chiefly to this object, and if I shew, that these
superfluous employments of the surface of the earth, and prodigal
consumptions of her fruits, are really no harm, but an encouragement to
the improvement of the lands of France _in her present state_, I shall
consider the question as sufficiently resolved: because if the abuse, as
it is called, proves favourable to agriculture, it can never prove
hurtful to population. However, from the inattention of the government,
it may affect foreign trade, but this is an object entirely foreign to
the question. But before I enter upon the subject, it is proper to
observe, that I am of opinion, that any system of oeconomy which
necessarily tends to corrupt the manners of a people, ought by every
possible means to be discouraged, although no particular prejudice
should result from it, either to population, or to plentiful
subsistence.
Now, in the question before us, the only abuse I can find in these
habits of extraordinary consumption, appears relative to the character
of the consumers, and seems in no way to proceed from the effects of the
consumption. The vices of men may no doubt prove the cause of their
making a superfluous consumption, but the consumption they make can
hardly ever be the cause of this vice. The most virtuous man in France
may have the most splendid table, the richest clothes, the most
magnificent equipages, the greatest number of useless horses, the most
pompous palace, and most extensive gardens. The most enormous luxury to
be conceived, in our acceptation of the term, so long as it is directed
to no other object than the consumption of the labour and ingenuity of
man, is compatible with virtue as well as with vice. This being
premised, I come to the point in hand.
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