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
These regulations ought to prevent the competition between the
industrious freemen and the masters of slaves, by appropriating the
occupation of each to different objects: to confine slavery, for
example, to the country; that is, to set the slaves apart for
agriculture, and to exclude them from every other service of work. With
such a regulation _perhaps_ industry might succeed. This was not the
case of old; industry did not succeed as at present: and to this I
attribute the simplicity of those times.
It is not so difficult to introduce slavery into a state where liberty
is established; because such a revolution might be brought about by
force and violence, which make every thing give way; and, for the
reasons above-mentioned, I must conclude, that the consequences of such
a revolution would tend to extinguish, or at least, without the greatest
precaution, greatly check the progress of industry: but were such
precautions properly taken; were slavery reduced to a temporary and
conditional service, and put under proper regulations; it might prove,
of all others, the most excellent expedient for rendering the lower
classes of a people happy and flourishing; and for preventing that
vitious procreation, from which the great misery to which they are
exposed at present chiefly proceeds. But as every modification of
slavery is quite contrary to the spirit of modern times, I shall carry
such speculations no farther. Thus much I have thought it necessary to
observe, only by the way, for the sake of some principles which I shall
have occasion afterwards to apply to our own oeconomy; for wherever any
notable advantage is found accompanying slavery, it is the duty of a
modern statesman to fall upon a method of profiting by it, without
wounding the spirit of European liberty. And this he may accomplish in a
thousand ways, by the aid of good laws, calculated to cut off from the
lower classes of a people any interest they can have in involving
themselves in want and misery, opening to them at the same time an easy
progress towards prosperity and ease.
Here follows an exposition of the principles, from which I was led to
say, in a former chapter, that the failure of the slavish form of feudal
government, and the extension thereby given to civil and domestic
liberty, were the source from which the whole system of modern polity
has sprung.
Under the feudal form, the higher classes were perhaps more free than at
present, but the lower classes were either slaves, or under a most
servile dependence, which is entirely the same thing as to the
consequence of interrupting the progress of private industry.
Public-domain text, read in full here on John Shaqi.
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