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
The laziest part of the farmers, disgusted with a labour which produces
a plenty superfluous to themselves, which they cannot dispose of for any
equivalent, will give over working, and return to their antient
simplicity. The more laborious will not furnish food to the necessitous
for nothing: such therefore who cannot otherwise subsist, will naturally
serve the industrious, and thereby sell their service for food. Thus by
the diminution of labour, a part of the country, proportional to the
quantity of food which the farmers formerly found superfluous, will
again become uncultivated.
Here then will be found a country, the population of which must stop for
want of food; and which, by the supposition, is abundantly able to
produce more. Experience every where shews the possible existence of
such a case, since no country in Europe is cultivated to the utmost; and
that there are many still, where cultivation, and consequently
multiplication, is at a stop. These nations I consider as in a _moral
incapacity_ of multiplying: the incapacity would be _physical_, if there
was an actual impossibility of their procuring an augmentation of food
by any means whatsoever.
These principles seem to be confirmed by experience, whether we compare
them with the manner of living among the free American savages, or among
the free, industrious, and laborious Europeans. We find the productions
of all countries, generally speaking, in proportion to the number of
their inhabitants; and, on the other hand, the inhabitants are most
commonly in proportion to the food.
I beg that this may not be looked upon as a quibble, or what is called a
vicious circle. I have qualified the general proposition by subjoining
that it is found true most commonly; and from what is to follow, we
shall better discover both the truth and meaning of what is here
advanced. While certain causes operate, food will augment, and mankind
will increase in proportion; when these causes cease, _procreation_ will
not augment numbers; then the general proposition will take place;
numbers and food will remain the same, and balance one another. This I
imagine to be so in fact; and I hope to shew that it is rational also.
Let me now put an end to this chapter, by drawing some conclusions from
what has been laid down, in order to enlarge our ideas, and to enable us
to extend our plan.
I. One consequence of a fruitful soil, possessed by a free people, given
to agriculture, and inclined to industry, will be the production of a
superfluous quantity of food, over and above what is necessary to feed
the farmers. Inhabitants will multiply; and according to their increase,
a certain number of the whole, proportional to such superfluity of
nourishment produced, will apply themselves to industry and to the
supplying of other wants.
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