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
just representation of the present state of some towns I have seen,
relative to the present object of inquiry.
But as industry becomes extended, and trade and manufactures are
established, this political oeconomy must disappear.
Such a change, however, will not probably happen without the
interposition of the sovereign, and a new plan of administration; what
else can give a turn to this spirit of idleness, or rather, as I may
call it, of this trifling industry? Agriculture can never be a proper
occupation for those who live in towns: this therefore is an abuse of
it, or rather indeed an abuse of employment.
Ease and plenty can never enter a little town, but by the means of
wealth; wealth can never come in but by the produce of labour going out;
and when people labour purely for their own subsistence, they only make
the little money they have circulate, but can acquire nothing new; and
those who with difficulty can maintain themselves, can never hope to
increase their numbers.
If in spite of the little industry set on foot in such towns, the
generative faculty shall work its effect and increase numbers, this will
make the poor parents still divide, and misery will ensue; this again
may excite compassion, and that will open the chests of those who have a
charitable disposition: hospitals are founded for the relief of the
poor, they are quickly filled, and as many necessitous remain as ever.
The reason is plain; the hospital applies a palliative for the abuse,
but offers no cure. A tree is no sooner discharged of its branches than
it pushes new ones. It has been said, that numbers are in proportion to
food; consequently, poor are in proportion to charity. Let the King give
his revenue in charity, he will soon find poor enough to consume it. Let
a rich man spend 100,000_l._ a year upon a table, he will find guests
(the best in the kingdom) for every cover. These things, in my way of
considering them, are all analogous, and flow from the same principle.
And the misery found in these little German towns, is another
modification of the abuse of population. These examples shew the
inconveniencies and abuses which result from a misapplication of
inhabitants to agriculture, which produces a population more burthensome
than beneficial to a modern state.
Public-domain text, read in full here on John Shaqi.
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