Blackwood's Edinburgh Magazine, No. 401, March 1849Various
Science
Blackwood's Edinburgh Magazine, No. 401, March 1849
Various
England -- Periodicals; Scotland -- Periodicals
brings them together, as to an oracle of wisdom.
_Machinery._--The benefit derived from machinery needs no explanation.
The more simple order of machines, or instruments--as the plough, the
axe, and the spindle--have never been otherwise considered than as
precious gifts to human industry; and the more complicated machines,
which have been invented in modern times, have no sooner established
themselves, so to speak, in society--have no sooner, at the expense of
some temporary evils, secured themselves a quiet recognised
position--than they, too, have been welcomed in the same character as
signal aids to human industry. But while the machine has added
immensely to the products of labour, it has done nothing to diminish
the class of manual labours. It has done nothing, nor does it seem
probable that it will ever effect anything, towards rendering that
class less requisite or less numerous. On the contrary, it has always,
hitherto, multiplied that class. The machine will not go of itself,
will not manufacture itself, nor keep itself in repair. The human
labourer becomes the slave of the machine. He created it for his
service, and it serves him, but on condition only that he binds
himself to a reciprocal bondage. You spin by a steam-engine, and some
complicated system of reels and pulleys, but the human finger is not
spared--the human volition is still wanted. To manufacture this
machine, to tend it, to govern it--in short, to use it--far more
manual labour is called into requisition than ever turned the simple
spinning-wheel, or teased the flax from the distaff. You have more
garments woven, but the better clad are not exactly those who weave
them. The machine has called into existence, for its own service, an
immense population, ill fed and ill clothed. Our pyramid is extending
at the basis: as it rises higher it is growing broader.
_Money--Capital._--We class these together because they are intimately
connected. Capital is not money, but there would have been little
accumulation of capital but for the use of money.
The youthful student of political economy meets with no chapter in his
books of science so amusing, and so thoroughly convincing, as that
which shows him the utility of money, and the reasons which have led
almost all nations to prefer the precious metals for their instruments
of exchange. Without some such instrument, what is to be done? A man
has made a hat, and wants a pound of butter. He cannot divide his hat:
what would be half a hat? Besides, the man who has the butter does not
want the hat. But the precious metals come in marvellously to his aid.
They are divisible into the smallest portions; they are durable, will
not spoil by keeping; they are of steady value, and will not much
depreciate: if the man of butter does not want them, he can always
find somebody that does; no fear but that they will easily pass from
hand to hand, as each one wishes to barter them for whatever he may
want.
Public-domain text, read in full here on John Shaqi.
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