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
I can find nothing advanced by our author to prove, or even to induce
one to believe, that had the lives of those eight thousands been yearly
preserved from extraordinary dangers, numbers would have augmented.
England enjoyed in a manner 26 years peace after the treaty of Utrecht.
For many years before, a very destructive war had been carried on. Had
the bills of births been produced from 1701 to 1713, had they been
compared with those from this last period to 1739, when the Spanish war
began, had we seen a gradual augmentation from year to year during those
last 26 years, such as might be expected from the preservation of a
considerable number at least of the 8,250 able healthy men, just in the
period of life fit for propagation, one might be tempted to conclude,
that the preceding war had done hurt to population, by interrupting the
propagation of the species. But if, by comparing the bills of births for
a considerable number of years, in war and in peace, one can discover no
sensible difference, it is very natural to conclude, either that those
wars did not destroy many breeders, or that others must have slipt in
directly, and bred in the place of those who had been killed. What
otherwise can be the reason why the number which our author supposes to
have been destroyed abroad, should so exactly compensate the annual
augmentation, but only that those nations are stocked to the full
proportion of their subsistence: and what is the reason why, after a
destructive war, which, by the suddenness of the revolution, sweeps off
numbers of the grown men, and diminishes the original stock, numbers
should in a few years get up to the former standard, and then stop
a-new.
From our author’s representation of the bills of births and deaths, I
should be apt to suspect, in consequence of my principles, that upon a
proper examination it would be found, that, in those years of war, the
proportion of births to deaths had been higher than in years of peace,
because more had died abroad. And, had the slaughter of the inhabitants
gone gradually on, increasing every year beyond the 8,250, I am of
opinion, that the proportion of births might very possibly have kept
pace with it. On the contrary, during the years of peace, the proportion
should have diminished, and had nobody died out of the country at all,
the births and deaths would have become exactly equal.
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