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
ANSW. This consequence I deny; both from fact and reason. From fact,
because forests are not extended, and that nothing but the hand of
nature, in an ill-inhabited country, seems capable of forming them. In
France, forests are diminishing daily; and were it not for the
jurisdiction of the _Table de marbre_, they would have been more
diminished than they are. I agree, that the consumption of wood is at
present infinitely greater than formerly, and likewise, that the price
of it is greatly risen every where. These two circumstances rather seem
to mark the contraction, than the extension of forests. But the increase
of consumption and price proceed from other causes, as I shall shew, in
order to point out some new principles relative to this extensive
subject. 1. The increase of consumption proceeds from the increase of
wealth. 2. The increase of price proceeds from the increase upon the
value of labour, and not from the scarcity of forest, nor the height of
the demand for firing. As to the first, I believe the fact will not be
called in question, as it is one of the superfluities of consumption
complained of, and put down to the account of luxury and extravagance.
As to the second, the true cause of the rise of the price of that
commodity demands a little more attention, and in order to point it out
with some distinctness, I must first shew the political impossibility of
forests becoming extended over the _arable_ lands of France in her
present situation.
The best proof I can offer to support my opinion is, to compare the
inconsiderable value of an acre of standing forest in the king’s
adjudications, where thousands are sold at a time, with the value of an
acre of tolerable corn lands, and then ask, if the present value of
forests is so considerable, as to engage any proprietor to sow such a
field for raising wood, when he must wait, perhaps 40 years, before it
be fit for cutting? Add to this, that whoever plants a tree in France,
comes under the jurisdiction above-mentioned, and is not at liberty to
cut it down, and dispose of it, without their permission. It is in a
great measure for this reason, that so few trees are seen about French
villages; and I never heard of one example, of corn lands being sown
with the seeds of forest-trees, with a view to improvement. That
forests, which are well kept, may extend themselves over grounds not
worth the cultivation, I do not deny; but this surely can do no harm to
agriculture; and it is only in that respect, I pretend that forests in
France are not at present in a way of gaining ground.
Public-domain text, read in full here on John Shaqi.
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