Memorials and Other Papers — Volume 2De Quincey, Thomas
History
Memorials and Other Papers — Volume 2
De Quincey, Thomas
English essays
_X_. Doubtless; and a standard of value must itself stand still or
be stationary in value. But nothing could possibly be stationary in
value upon Mr. Ricardo's theory, unless it were always produced by the
same quantity of labor; since any alteration in the quantity of the
producing labor must immediately affect the value of the product. Now,
what is there which can always be obtained by the same quantity of
labor? Raw materials (for reasons which will appear when we consider
Rent) are constantly tending to grow dearer [Footnote: "Constantly
tending to grow dearer"--To the novice in Political Economy, it will
infallibly suggest itself that the direct contrary is the truth; since,
even in rural industry, though more tardily improving its processes
than manufacturing industry, the tendency is always in that direction:
agriculture, as an art benefiting by experience, has never yet been
absolutely regressive, though not progressive by such striking leaps or
sudden discoveries as manufacturing art. But, for all that, it still
remains true, as a general principle, that raw materials won from the
soil are constantly tending to grow dearer, whilst these same materials
as worked up for use by manufacturing skill are constantly travelling
upon an opposite path. The reason is, that, in the case of
manufacturing improvements, no conquest made is ever lost. The course
is never retrogressive towards the worse machinery, or towards the more
circuitous process; once resigned, the inferior method is resigned
forever. But in the industry applied to the soil this is otherwise.
Doubtless the farmer does not, with his eyes open, return to methods
which have experimentally been shown to be inferior, unless, indeed,
where want of capital may have forced him to do so; but, as population
expands, he is continually forced into descending upon inferior soils;
and the product of these inferior soils it is which gives the ruling
price for the whole aggregate of products. Say that soils Nos. 1, 2, 3,
4, had been hitherto sufficient for a nation, where the figures express
the regular graduation downwards in point of fertility; then, when No.
5 is called for (which, producing less by the supposition, costs,
therefore, more upon any given quantity), the price upon this last, No.
5, regulates the price upon all the five soils. And thus it happens
that, whilst always progressive, rural industry is nevertheless always
travelling towards an increased cost. The product of Nos. 1, 2, 3, 4,
is continually tending to be cheaper; but when the cost of No. 5 (and
so on forever as to the fresh soils required to meet a growing
population) is combined with that of the superior soils, the quotient
from the entire dividend, 1, 2, 3, 4, 5, is always tending gradually to
a higher expression.] by requiring more labor for their production;
manufactures, from the changes in machinery, which are always
progressive and never retrograde, are constantly tending to grow
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