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 _jus trium liberorum_, and the other encouragements given by
Augustus Cæsar to engage the Romans to marry, were calculated chiefly
for the nobility, and only for the citizens, but not at all for the
inferior class (the slaves) bound to labour. The vice to be corrected,
and that which the emperor had in his eye in those institutions, was the
prodigal and dissolute life of rich men who lived in celibacy. This
affected the Roman state, and deprived it of its principal force, the
military power, the equites. Judge of the force of this class by the
numbers of them destroyed at Cannæ. In those days, the chief
encouragement to multiplication was to be directed towards the higher
classes; the lower classes of the people (by far the most numerous in
all countries and in all ages) were easily recruited, by the importation
of slaves, as they are now in the West-Indies, where, consequently, the
same principle must naturally operate, which fixed the attention of the
wise emperor. The state of affairs in Europe, and in England
particularly, is changed entirely, by the establishment of universal
liberty. Our lowest classes are absolutely free; they belong to
themselves, and must bring up their own children, else the state becomes
depopulated. There is no resource to us from importation, whether by
ships, or acts of parliament for naturalization. We shall always have a
numerous and free common people, and shall constantly have the same
inconveniencies to struggle with, as long as the lowest classes remain
in such depression as not to be able to support their own numbers. Here
then lies the difficulty. In order to have a flourishing state, which
Sir William Temple beautifully compared to a pyramid, we must form a
large and solid basis of the lowest classes of mankind. As the classes
mount in wealth, the pyramid draws narrower until it terminate in a
point, (as in monarchy) or in a small square, as in the aristocratical
and mixed governments. This lowest class therefore must be kept up, and,
as we have said, by its own multiplication. But where every one lives by
his own industry, a competition comes in, and he who works cheapest
gains the preference. How can a married man, who has children to
maintain, dispute this preference with one that is single? The unmarried
therefore force the others to starve; and the basis of the pyramid is
contracted. Let this short sketch of a most important part of our
subject suffice at present; it shall be taken up and examined at more
length, in the chapter of physical necessaries, or natural wants.
From this results the principal cause of decay in modern states: it
results from liberty, and is inseparably connected with it.
Public-domain text, read in full here on John Shaqi.
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