Illustrations of political economy, Volume 9 (of 9)Martineau, Harriet
General
Illustrations of political economy, Volume 9 (of 9)
Martineau, Harriet
Didactic fiction, English; Political fiction, English; Social problems -- Fiction
The increased expense of raising food enhances its price: labour,
both agricultural and manufacturing, becomes dearer (without
advantage to the labourer): this rise of wages causes profits to
fall; and this fall brings after it a reduction of the labourer’s
share, or a fall of wages.
The fall of profits and wages is thus referable to the same cause
which raises rent;—to an inequality in the fertility of soils.
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Thus it appears that, owing to the inequality of soils, and the
principle of increase in the number of consumers, the natural
tendency of rent is to rise; and to rise in proportion to the
increase in the number of consumers. The tendency of profits is to
fall as rent rises, _i. e._ as the production of food becomes more
expensive. The fall of profits brings after it, as a necessary
consequence, the fall of wages; and the individual shares of wages
are still further reduced by every increase of the numbers among
whom the wages’ fund is to be divided.
These are important truths, and by no means discouraging, if we know
how to make use of them. There is no need hastily to suppose that
our landowners must inevitably get all the wealth of society into
their own hands, so that there will in time be only two classes in
the state,—landowners and paupers. It is possible that this might
happen, as it is possible that we may all die of famine from nobody
choosing to be at the trouble of tilling the ground. The two cases
are possible, and the catastrophes about equally probable. No one
can deny the strong tendency to famine to which we are all liable
unless we exert ourselves to avoid it; and the undue rise of rent,
and fall of profits and wages, is quite as certainly avoided by
moderate caution—by bringing natural laws to bear upon each other,
and not (as some desire) a law of human will to control that which
is beyond the reach of the unassisted human will.
Public-domain text, read in full here on John Shaqi.
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