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
From this exposition, I divide dependence into three kinds. The first
natural, between parents and children; the second political, between
masters and servants, lords and vassals, Princes and subjects; the third
commercial, between the rich and the industrious.
May I be allowed to transgress the limits of my subject for a few lines,
and to dip so far into the principles of the law of nature, as to
enquire, how far subordination among men is thereby authorized? I think
I may decide, _that in so far as the subordination is in proportion to
the dependence, in so far it is reasonable and just_. This represents an
even balance. If the scale of subordination is found too weighty,
tyranny ensues, and licentiousness is implied, in proportion as it rises
above the level. From this let me draw some conclusions.
_1mo._ He who depended upon another, for the preservation of a life
justly forfeited, and at all times in the power of him who spared it,
was, by the civil law, called a slave. This surely is the highest degree
of dependence.
_2do._ He who depends upon another for every thing necessary for his
subsistence, seems to be in the second degree; this is the dependence of
children upon their parents.
_3tio._ He who depends upon another for the means of procuring
subsistence to himself by his own labour, stands in the third degree:
this I take to have been the case between the feudal lords, and the
lowest classes of their vassals, the labourers of the ground.
_4to._ He who depends totally upon the sale of his own industry, stands
in the fourth degree: this is the case of tradesmen and manufacturers,
with respect to those who employ them.
These I take to be the different degrees of subordination between man
and man, considered as members of the same society.
In proportion, therefore, as certain classes, or certain individuals
become more dependent than formerly, in the same proportion ought their
just subordination to increase: and in proportion as they become less
dependent than formerly, in the same proportion ought this just
subordination to diminish. This seems to be a rational principle: next
for the application.
I deduce the origin of the great subordination under the feudal
government, from the necessary dependence of the lower classes for their
subsistence. They consumed the produce of the land, as the price of
their subordination, not as the reward of their industry in making it
produce.
I deduce modern liberty from the independence of the same classes, by
the introduction of industry, and circulation of an adequate equivalent
for every service.
If this doctrine be applied in order to resolve the famous question so
much debated, concerning the origin of supreme authority, in so far as
it is a question of the law of nature, I do not find the decision so
very difficult: _All authority is in proportion to dependence, and must
vary according to circumstances_.
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