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
As the collecting such numbers of inhabitants together is a late
revolution in the political oeconomy of Europe, I endeavour to give a
short historical representation of it, and examine the consequences
which result from it, both to the state from the growth of cities, and
to the land proprietors from the desertion, as I may call it, of so many
vassals and dependents. One principal effect I observe to be, the
additional occupation it has given to statesmen; that is to say,
political oeconomy is thereby become more complex.
[Sidenote: CHAP. XI.]
Formerly the inhabitants were dispersed, and by sucking, as it were,
their mother earth, were more easily subsisted: now industry has
gathered them together, and industry must support them. The failing of
industry, is like the cutting off the subsistence of an army. This is
the care of a general to prevent, that the care of a statesman.
The supporting industry means no more than employing those who must live
by it; and keeping their numbers in proportion to their work. The first
point, therefore, is to find work for the present inhabitants; the
second is, to make them multiply, if the demand for their labour
increases.
Increasing numbers will never remove, but rather augment such
inconveniencies, as proceed from the abuses of those already existing.
In order to employ a people rightly, it is proper to know the exact
state of numbers necessary for supplying the demand for every
occupation; to distribute those who must live by their industry into
proper classes; and to make every class (as far as possible) at least,
support their own numbers by propagation.
[Sidenote: CHAP. XII.]
Where the value of any species of industry is not sufficient for that
purpose, a proper remedy must be applied. When any are found incapable,
from age or infirmities, to gain their livelihood, they must be
maintained. Infants exposed by their parents must be taken care of, and
thrown back into the lowest classes of the people; the most numerous
always, and the most difficult to be supported by their own propagation.
Marriage, without assistance, will not succeed in a class who gain no
more by their industry than a personal physical necessary. Here our
oeconomy differs widely from that of the antients. Among them marriage
was encouraged in many ways; but it was only for the free. These did not
amount to one half of the people. The slaves who represented our lower
classes were recruited from other countries, as they are at present in
America.
Public-domain text, read in full here on John Shaqi.
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