Illustrations of political economy, Volume 2 (of 9)Martineau, Harriet
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Illustrations of political economy, Volume 2 (of 9)
Martineau, Harriet
Didactic fiction, English; Political fiction, English; Social problems -- Fiction
“And very fair,” observed Callum; “and so it will be with your fish in a
little while, Mrs. Ella. Murdoch will sell fish which look like yours,
and at the same price: but it will have cost him more time and labour to
get them, and therefore the laird calls on you for a part of the profits
which you have till now kept to yourself, and would have kept still if
the fish had not brought a good enough price to tempt Murdoch to try his
luck.”
Angus hoped that rent would go on to rise, being, as it is, a symptom of
prosperity. Ronald wondered he could say so; for his part, he wished
there was no such thing as rent.
Angus explained that as rent rises in consequence of a rise of prices,
and a rise of prices shows that the article is in request, and that
there are purchasers able to buy it, a rise of rent is a symptom of
wealth, though many people err in supposing it a cause.
Mr. Callum observed that many wished for an abolition of rent, because
they thought high prices an evil in every case.
“Well,” said Fergus, “surely everybody had rather pay little than much
for a peck of oatmeal.”
“That depends on what causes the prices to be low or high,” replied
Callum. “If I take upon myself to forbid anybody in these islands to buy
oatmeal in Lorn when they have not enough at home, or if a bad season
should make a scarcity, and prices should rise in consequence, such a
rise of prices would be an evil, because the people would not have any
more wealth to give in exchange than if the meal was plentiful. But if
(which is a very different case) farmers find that their customers have
money enough to buy more and more oatmeal, and make it worth the
farmers’ while to take poorer and poorer soils into cultivation, the
consequent rise of price is no evil. It not only shows that wealth is
increasing, but also helps to increase it;—it causes oats to grow where
only heather grew before.”
“But after all,” said Ronald, “the landlord gets all the benefit of the
change. He grows richer and richer, the more prices rise.”
“Not so,” replied Angus. “Do not you remember my telling you that there
is a perpetual tendency to render the productiveness of land more equal
by improvements in the art of cultivation? and rent depends not on the
quantity produced, but on the inequality in the productiveness of soils.
An estate which once yielded one-third of its produce to the landlord
may afterwards yield him only one-fourth, and then again one-fifth,
though he may receive a larger amount of rent each time.”
“This has actually been the case,” said Callum; “and therefore it is a
mistake to say that the landlord has all the advantage of a rise of
prices.”
“I should like to know,” said Fergus, “what would happen if landlords
had no rent, and so bread became cheaper.”
“If landowners gave away their land! Very reasonable truly!” exclaimed
Callum.
Public-domain text, read in full here on John Shaqi.
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