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. In antient times men were forced to labour the ground because they
were slaves to others. In modern times the operation is more complex,
and as a statesman cannot make slaves of his subjects, he must engage
them to become slaves to their own passions and desires; this is the
only method to make them labour the ground, and provided this be
accomplished, by whatever means it is brought about, mankind will
increase.
[Sidenote: CHAP. VIII.]
This question being dismissed, I point out a method of estimating the
proportion of numbers between the farmers and free hands of a country,
only as an illustration of the principle already laid down, to wit, that
it is the surplus of the farmers which goes for the subsistence of the
others.
This surplus I shew to be the same thing as the value of the land rents;
and hence I conclude,
1st, That the rising of the rents of lands proves the augmentation of
industry, and the multiplication of free hands; but as rents may rise,
and yet the number of inhabitants continue the same as before, I infer,
2dly, That the revolution must then mark the purging of the lands of
superfluous mouths, and forcing these to quit their mother earth, in
order to retire to towns and villages, where they may usefully swell the
number of the free hands and apply to industry.
3dly, That the more a country is in tillage, the more it is inhabited,
and the fewer free hands are to be found: that the more it is laid into
pasture, the less it is inhabited, and the greater is the proportion of
free hands.
[Sidenote: CHAP. IX.]
Next I consider the principles which determine the place of residence.
The farmers must live upon, or near the spot they labour; that is,
either upon their farms or in their villages.
The free hands I divide into two conditions. The first composed of the
proprietors of the surplus of food, that is the landlords; together with
those who can purchase it with a revenue already acquired, that is, the
monied interest. The second condition is composed of those who must
purchase some of this surplus with their daily labour.
Those of the first condition may live where they please; those of the
second must live where they can.
When those of the first choose to live together, a considerable number
of those of the second must follow them, in order to supply their
consumption. This forms towns and cities.
When a statesman places the whole administration of public affairs in
the same city, this swells a capital.
When manufacturers get together in bodies, they depend not directly upon
consumers, but upon merchants. The situation of their residence depends
upon circumstances relative to their occupation, provision and
transportation of their work. From this hamlets swell into villages, and
villages into towns. Sea ports owe their establishment to the increase
of foreign trade.
[Sidenote: CHAP. X.]
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