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
Here I am obliged to conclude, that those passages of Roman authors
which mention the frugality of that people, and the small extent of
their possessions cannot be rightly understood, without the knowledge of
many circumstances relative to the manners of those times. For if you
understand such a distribution of lands to have extended over all the
Roman territory, the number of the citizens would have far exceeded what
they appear to have been by the Census, and even surpass all belief. But
farther, I may be allowed to ask, whether or no it be supposed that
these frugal Romans laboured this small portion of lands with their own
hands and consumed the produce of it? If I am answered in the
affirmative, (which is necessary to prove the advantages of
agriculture’s being exercised by all the classes of a people) then I
ask, from whence were the inhabitants of Rome, and other cities,
subsisted; who fed the armies when in the field? If these were fed by
foreign grain imported, or plundered from their neighbours, where was
the advantage of this subdivision of lands, and of this extensive
agriculture, which could not feed the inhabitants of the state? If it be
said, that notwithstanding this frugal distribution of property among
the citizens, there was still found surplus enough to supply both Rome
and the armies, will it not then follow, that there was no necessity for
employing all the people in agriculture, since the labour of a part
might have sufficed.
_That number of husbandmen_, therefore, _is the best, which can provide
food for all the state; and that number of inhabitants is the best,
which is compatible with the full employment of every one of them_.
Idle mouths are only useful to themselves, not to the state;
consequently, are not an object of the care of the state, any farther
than to provide employment for them; and their welfare (while they
remain useless to others) is, in a free country, purely a matter of
private concern. Let me take another example for the farther
illustration of this matter.
Public-domain text, read in full here on John Shaqi.
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