Blackwood's Edinburgh Magazine, Volume 65, No. 403, May, 1849 — John Shaqi
Blackwood's Edinburgh Magazine, Volume 65, No. 403, May, 1849Various
History
Blackwood's Edinburgh Magazine, Volume 65, No. 403, May, 1849
Various
England -- Periodicals; Scotland -- Periodicals
Admirable machinery! No steam-engine could let its steam on, or off,
with more precision. The legislature or governor "could always tell
whether or not labour for hire was too scarce or too plentiful," and
open or close his value accordingly. "No legislature, hardly any
individual could be in doubt" about the matter! Indeed! when was hired
labour ever thought too cheap--in other words, too plentiful--by the
capitalist? When was it ever thought too dear--in other words, too
scarce--by the labourer? Could the most ingenious man devise a question
on which there would be more certainly two quite opposite and
conflicting opinions? And suppose the legislature to have come to a
decision--say that the labour was too scarce--there would still be this
other question to decide, whether to _lower_ the price, in order to
tempt emigrants, might not be as good a means of rendering labour more
plentiful, as to _raise_ the price in order to render it still more
difficult for labourers to become landowners? Here there is surely
scope for the most honest diversity of opinion. One party might very
rationally advise to entice thither the stream of emigration:--"Let it
flow more copiously," they might exclaim, "though we retain the waters
for a shorter time;" while the party thoroughly imbued with the
doctrine of the "sufficient price" would devise fresh dikes and dams,
and watch the locks more narrowly.
In his "sufficient price," Mr Wakefield has discovered the secret
spring that regulates the economical relations of society. He has his
hand upon it. He, or his lawgiver, will henceforward regulate the
supply of labour, and the remuneration of labour, upon scientific
principles. Unenviable post! We should infinitely prefer the task of
the philosopher in _Rasselas_, who fancied himself commissioned to
distribute rain and sunshine, in just proportions, to all the farmers
in the neighbourhood.
Public-domain text, read in full here on John Shaqi.
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