Malthus, T. R. (Thomas Robert), 1766-1834; Malthusianism
after all are the end; wealth, population, and power are but the means.
Malthus himself believes in something like a golden mean, a balance of
the two industries, which legislation might possibly preserve.[508]
There is another and less plausible argument on the same side. Assuming
that wages vary with the price of corn, high money wages, and therefore
high prices of corn, are an advantage to working men, who would have
more money to buy the goods of the foreign countries where prices of
corn were low and goods were cheap. This argument, though our author is
inclined to yield to it, is inconsistent with his own views of wages and
the facts he cites in support of them.[509] More cogent is the plea that
it would be unfair suddenly to withdraw a long-established protection,
though (it might be replied) we are no more bound to be gradual in
abolishing protection than in concluding peace during war. But the real
question is, whether once protected is to mean always protected, and
protected in an always increasing degree, for it was this increased
protection that was proposed in 1814 and 1815. It may be true that if we
protect manufacture we ought to protect agriculture; but, instead of
protecting both, why not set both free? Statesmen had no courage,
however, to be free-traders, in days when the separate articles
protected were as many as the millions in the National Debt, and each
article represented a vested interest. Malthus does not seem to expect
Parliament to give free trade a moment’s consideration. But the friends
of the new Corn Laws, besides using the commonplaces of protectionism,
argued from the change in the value of the English currency. When paper
were paper prices,[510] the importation price of the law of 1804 could
be soon reached, and foreign corn came in much faster than the real or
the bullion prices of it would have allowed. There was also the long
array of standing arguments for Corn Laws that lay stress on the heavy
taxation of the country, and are meant to show that the agricultural
classes bear most of it, and are thus handicapped against the foreigner.
From Malthus himself the old leaven of protectionism was never wholly
purged away. Like Pitt, though in a less degree, he suffered his
politics to corrupt his political economy, and drag him back from the
“simple system of natural liberty” into “the mazes of the old
system.”[511] English people since the Repeal of the Corn Laws will
hardly care to thrash the old straw out again. Perronet Thompson’s
_Catechism of the Corn Laws_ is the best storehouse of the old arguments
and their refutations, set forth with a liveliness to which no other
English economical writing has the slightest claim.[512]
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account