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
When a farmer has got his oeconomy under right regulations, not one
supernumerary, nor useless mouth, but abundance of hands for every kind
of labour, which is generally the case near towns and cities, the
proximity of them discharges him of every superfluity. His cattle
consume the exact quantity of grain and of forage necessary; what
remains is money; a superfluous egg is money; a superfluous day of a
cart, of a horse, a superfluous hour of a servant, is all money to the
farmer. There is a constant demand for every thing he can do or furnish.
To make this the more sensibly perceived, remove into a province, far
from a town, and compare situations. There you find abundance of things
superfluous, which cannot be turned into money, which therefore are
consumed without much necessity, and with no profit. It is good to have
an estate there, when you want to live upon it; it is better to have one
near the great town, when you do not.
It may be alledged, that the disadvantages felt by the distant farmer
and proprietor, when they compare situations with those situated near
the town, proceed from the town: this must be examined.
If the town consume the produce of this distant farm, it must consume it
in competition with every place at a smaller distance; consequently this
competition must do more good than harm to the distant farm. If the city
consumes none of the produce, wherein does it affect it? It may be
answered, that, by entering into competition with the distant farmer for
the labouring inhabitants, these desert agriculture, in favour of a more
lucrative occupation, to be found in the city. Scarcity of hands in the
country raises the price of labour on one hand, while it diminishes the
demand on the other; consequently the farmer suffers a double
disadvantage. Of this there can be no doubt; but as these revolutions
cannot by their nature be sudden, it becomes the duty of the statesman,
whom I suppose constantly awake, to set on foot directly some branch of
industry in every such distant part of the country; and as prices will
diminish for a while, for the reasons above-mentioned, this will prove
an encouragement to the establishment; this again will accelerate
propagation, as it will prove an outlet for children, and, in a short
time, the farmer will find himself in a better situation than ever. But
even without this assistance from the state, a few years will set all to
rights, providing the spirit of industry is kept up: for cities, by
swelling, extend their demand to the most distant corners of a country;
the inhabitants who desert do not cease to consume, and thereby they
repair the hurt they did by their desertion. I appeal to experience for
the truth of this. Do we not perceive demand extending every year
farther and farther from great capitals? I know places in France which,
twenty years ago, never knew what it was to send even a delicacy to
Paris, but by the post, and which now send thither every week loaded
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account