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
waggons, with many thousand weight of provisions; in so much that I may
almost say, that a fatted chicken in the most distant province of that
country can be sold with great profit in the Paris market during all the
winter season; and cattle carry thither their own flesh cheaper than any
waggon can. What distant farm then can complain of the greatness of that
noble city? There is however a case, where a distant part of a country
may suffer in every respect, to wit, when the revolution is sudden; as
when a rich man, used to spend his income in his province, for the
encouragement of industry, goes to Paris or London, and stays away for a
year or two, without minding the interest of the estate he abandons. No
doubt that must affect his province in proportion; but in every
revolution which comes on gradually by the desertion of such as only
lived by their industry, new mouths are born and supply the old. The
only question is about employing them well: while you have superfluous
food and good oeconomy, a country will always reap the same benefit from
her natural advantages.
IV. Another advantage of cities is, the necessity arising from thence of
having great roads, and these again prove a considerable encouragement
to agriculture.
The miserable condition of roads over all Europe almost, till within
these hundred years, is a plain proof of the scanty condition of the
cities, and of the small encouragement formerly given towards extending
the improvement of the soil.
Let any one examine the situation of the landed interest before the
making of great roads in several provinces in France, and compare it
with what it is at present. If this be found a difficult inquiry, let
him compare the appearance of young gentlemen of middling fortune, as he
finds them at Paris, or in their regiment, with that of their fathers,
who live in their province in the old way, and he will have a very good
opportunity of perceiving the progress of ease and refinement in that
class, which has proceeded from no other cause than the improvement of
the soil. People complain that prices are risen; of this there is no
doubt with regard to many articles. Is it not quite consistent with our
principles? It is not because there is now a larger mass of money in the
kingdom, though I allow this to be true, and also that this circumstance
may have contributed to raise prices; but the direct principle which has
influenced them, and which will always regulate their rise and fall, is
the increase of demand. Now the great roads in a manner carry the goods
to market; they seem to shorten distances, they augment the number of
carriages of all sorts, they remove the inconveniencies above-mentioned
resulting from the distance of the city. The more distant parts of the
country come to market, in competition with the farmers in the
neighbourhood of the cities. This competition might make the rents of
lands lying round such as were the first to encourage industry, sink in
their value.
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