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
Now in this last example, what a number of free hands do we find! are
not all the poor of this class? Would it not be better if all these by
their labour could purchase their subsistence, than be obliged to
receive it in the precarious manner they do? Can one suppose all these
people industrious, without implying what I call superfluity of labour?
Is not this luxury, according to my definition of it? Where would be the
harm if the Spanish farmer, who gives a third of his crop in charity,
should in return receive some changes of raiment, some convenient
furniture for his house, some embellishment to his habitation; these
things would cost him nothing; he would receive them in exchange for
what he now gives from a principle of charity, and those who have a
precarious, would have a certain livelihood. Let us travel a little
farther in search of the abuse of population.
In Germany, we find many small towns, formed into corporations, which
enjoy certain privileges. The freedom of such towns is not easily
purchased; and one, upon considering outward circumstances, must be not
a little surprized to hear of the sums refused, when offered, to obtain
it. Round these towns there is a small territory divided into very small
portions, and not able to maintain the inhabitants: these lands
therefore are infinitely overstocked with husbandmen; for every
proprietor, less or more, concerns himself with the cultivation. Here,
one who would aspire to extend his possession would, according to the
sentiment of Manius Curius Dentatus, certainly be considered as a
dangerous citizen, and a hurtful member of the society. Those lots are
divided among the children of the proprietors, who are free of the town,
by which means they are constantly splitting by multiplication, and
consolidating by death, and by marriage: these nearly balance one
another, and property remains divided as before. A stranger is at a loss
to find out the reason why the liberty of so poor a little town should
be so valuable. Here it is; first there are certain advantages enjoyed
in common, such as the privilege of pasture on the town lands, and
others of a like nature; but I find the charges which the burgesses are
obliged to pay, may more than compensate them. The principal reason
appears to be, that no one who has not the liberty of the town, can
settle in a way of industry so as to marry and have a family: because
without this his labour can only be directed towards furnishing the
wants of peasants who live in villages; these are few, and little
ingenuity is required for it. In towns there is found a greater
diversity of wants, and the people there have found out mechanically,
that if strangers were allowed to step in and supply them, their own
children would starve; therefore the heads of the corporation, who have
an interest to keep up the price of work, have also an interest to hold
the liberty of their town at a high value. This appears to me a pretty
Public-domain text, read in full here on John Shaqi.
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