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
If, therefore, according to modern oeconomy, the lowest species of
labour must be kept cheap, in order to make manufactures flourish, the
state must be at the expence of the children; for as matters stand,
either the unmarried gain as much as the married should do, and become
extravagant; or the married gain no more than the unmarried can do, and
become miserable. An unequal competition between people of the same
class, always implies one of these inconveniencies; and from these
principally proceeds the decay and misery of such numbers in all modern
states, as well as the constant complaints of the augmentation of the
price of labour.
Every individual is equally inspired with a desire to propagate. A
people can no more remain without propagating, than a tree without
growing: but no more can live than can be fed; and as all augmentations
of food must come at last to a stop, so soon as this happens, a people
increase no more; that is to say, the proportion of those who die
annually increases. This insensibly deters from propagation, because we
are rational creatures. But still there are some who, though rational,
are not provident; these marry and produce. This I call vicious
propagation. Hence I distinguish propagation into two branches, to wit,
multiplication, which goes on among these who can feed what they breed,
and mere procreation, which takes place among those who cannot maintain
their offspring.
This last produces a political disease, which mortality cures at the
expence of much misery; as forest trees which are not pruned, dress
themselves and become vigorous at the expence of numbers which die all
around. How to propose a remedy for this inconveniency, without laying
some restraint upon marriage; how to lay a restraint upon marriage
without shocking the spirit of the times, I own I cannot find out; so I
leave every one to conjecture.
[Sidenote: CHAP. XIII.]
Although a complete remedy cannot be obtained against the effects of
abusive procreation; yet with the help of accurate lists of births and
deaths for every class of people, many expedients may be fallen upon to
preserve the few who escape the dangers of their infancy, from falling
back into the unhappy class which produced them. From these lists the
degree of mortality and nature of diseases, as well as the difference
between the propagation of the easy and of the miserable, will plainly
appear; and if it be the duty of a statesman to keep all his people
busy, he certainly should acquire the most exact knowledge possible of
the numbers and propagation of those of every denomination, that he may
prevent any class from rising above or sinking below the standard, which
is best proportioned to the demand for their respective industry.
[Sidenote: CHAP. XIV.]
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