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
It is not therefore in the most fruitful countries of the world, nor in
those which are the best calculated for nourishing great multitudes,
that we find the most inhabitants. It is in climates less favoured by
nature, and where the soil only produces to those who labour, and in
proportion to the industry of every one, where we may expect to find
great multitudes; and even these will be found greater or less, in
proportion as the turn of the inhabitants is directed to ingenuity and
industry.
In such countries where these are made to flourish, the free hands (of
whom we have spoken above) will be employed in useful manufactures,
which, being refined upon by the ingenious, will determine what is
called the standard of taste; this taste will increase consumption,
which again will multiply workmen, and these will encourage the
production of food for their nourishment.
Let it therefore never be said, that there are too many manufacturers
employed in a country; it is the same as if it were said, there are too
few idle persons, too few beggars, and too many husbandmen.
We have more than once endeavoured to shew, that these manufacturers
never can be fed but out of the superfluity of nourishment produced by
the farmers. It is a contradiction, I think, to say, that those who are
fed upon the surplus of those who cultivate the soil are necessary for
producing a sufficiency to themselves. For if even this surplus were to
diminish, the manufactures, not the labourers, would be the first to be
extinguished for want of nourishment.
The importance of the distributive proportion of mankind into labourers
and free hands appears so great, and has so intimate a connection with
this subject, that it engages me to seek for an illustration of the
principles I have been laying down, in an example drawn from facts, as
it is found to stand in one of the greatest and most flourishing nations
in Europe. But before I proceed farther in this part of my subject, I
must examine the consequences of slavery with regard to the subject we
are now upon. Relations here are so many and so various, that it is
necessary to have sometimes recourse to transitions, of which I give
notice to my reader, that he may not lose the connection.
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CHAP. VII.
_The Effects of Slavery upon the Multiplication and Employment of
Mankind._
Before I go on to follow the consequences of the above reasoning, I must
stop, to consider a difference, of no small importance, between antient
and modern times, which will serve to illustrate the nature of slavery,
with regard to population and the employment of mankind.
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