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
I think I have found this principle confirmed by experience. When I
compare the bulk and populousness of the cities of Lombardy, and still
more, those of the watered provinces of Spain, with the inhabitants of
the territory which maintains them, I find the proportion of the first
vastly greater than in those of France and England; and still more again
in these two last mentioned kingdoms, than in the more northern
countries and provinces, where the earth’s productions bear a less
proportion to the labour bestowed in producing them. Now, although I
allow that neither the one or the other to be fed by spontaneous
productions, yet still it may be inferred, that the more the climate
contributes to favour the labour of man, the more the productions
participate of the spontaneous nature[J].
Footnote J:
Hence we may conclude, that in those countries where the people live
upon the spontaneous fruits, the whole society (considered in a
political light) is found composed of free hands. Nature there
supplies the place of the whole class of farmers.
We have said that industry and manufactures are the occupation of the
free hands of a state; consequently, where the proportion of them is
the largest, industry should flourish to the greatest advantage; that
is to say, in countries where the inhabitants live upon the
spontaneous fruits: but that is not the case. Why? Because there is
another circumstance of equal weight which prevents it. These people
are unacquainted with want, and want is the spur to industry. Let this
suffice, in general, as to the distribution of inhabitants in
countries unacquainted with labour.
Again, in countries where labour is required for feeding a society, the
smaller the proportion of labourers, the greater will be that of the
free hands. Fruits which are produced by annual labour, and still more,
such as are the consequence of a thorough cultivation, (such as
luxuriant pasture) give returns far superior to the nourishment of those
employed in the cultivation; consequently, all the surplus is consumed
by people not employed in agriculture; consequently, by those who are
not bound to reside upon the spot which feeds them, and who may choose
the habitation best adapted for the exercise of that industry which is
most proper to produce an equivalent to the farmers for their
superfluities.
From this it is plain that the residence of the farmers only, is
essentially attached to the place of cultivation. Hence, farms in some
provinces, villages in others.
I now proceed to the other class of inhabitants; the free hands who live
upon the surplus of the farmers.
These I must subdivide into two conditions. The first, those to whom
this surplus directly belongs, or who, with a revenue in money already
acquired, can purchase it. The second, those who purchase it with their
daily labour or personal service.
Public-domain text, read in full here on John Shaqi.
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