Illustrations of political economy, Volume 8 (of 9)Martineau, Harriet
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Illustrations of political economy, Volume 8 (of 9)
Martineau, Harriet
Didactic fiction, English; Political fiction, English; Social problems -- Fiction
“Ay, sir; if we were but sharp-sighted enough to take care that the
quality was as exactly fitted to human wishes as the quantity. Since we
none of us produce more than we want, just for the pleasure of toiling,
it is as plain as possible that every man’s surplus constitutes a
demand. Well! every man’s surplus is also his neighbour’s supply. The
instrument of demand that every man brings is also his instrument of
supply; so that, in point of quantity, there is always a precise
provision made for human wants.”
"Yes; and if mistakes are made as to the kinds of articles that are
wished for, there is always the consolation that such mistakes will
correct one another, as long as there can never be too much of
everything. If what we have just said be true, there being too much of
one thing proves that there must be too little of another; and the
production of the one will be slackened, and that of the other
quickened, till they are made equal. If your wife makes up more caps by
half than are wanted, caps will be ruinously cheap. The Brawnees will
give much less maple sugar for their caps——"
The Brawnees never wore caps, Arthur was reminded.
“But they will, in time, take my word for it, if they remain among us.
Well! your wife will refuse to sell her caps at so great a loss. She
will lay them by till the present generation of caps is worn out, and go
and tap the maple trees for herself, rather than pay others dearly for
it. In this case, the glut is of caps; and the deficiency is of maple
sugar.”
“My wife’s gains must depend on her own judgment in adapting her
millinery to the wants of her customers. If she makes half as many caps
again as are needed, she deserves to lose, and to have to go out sugar-
making for herself.”
"Yes: calculation may avail in a small society like this. In a larger
and more complicated society, the most that prudence can do is to watch
the changes of wants and wishes, as shown by variations of price. This
would avail for all practical purposes, if wants and wishes were left to
themselves. They are so at Briery Creek, and therefore every trader at
Briery Creek has fair play. But it is not so where bounties, and
prohibitions, and unequal taxation are made to interfere among buyers
and sellers: where such disturbing influences exist, the trader has not
fair play; and it would be a miracle indeed if he could adapt his supply
to the demand,—or, in other words, be satisfied in his own demand. What
is moving in the wood there, Dods? What takes all our people away from
their work when it is so nearly finished?"
“It must be some rare sight,” observed Dods. “Every one, look ye, man,
woman, and child, skipping over the new bridge while half of it is
prettily gravelled, and the other half still bare and slippery. See how
they scramble over the heap of gravel left in the middle! I suppose I
must follow where they lead, and bring you the news, sir.”
Public-domain text, read in full here on John Shaqi.
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