Principles of Political EconomyPerry, Arthur Latham
General
Principles of Political Economy
Perry, Arthur Latham
Economics
These discussions have attracted great attention almost to the present
day, and have been supposed to be very pertinent to the subject of
wages, and thus to be an important part of Political Economy; but when
one looks more closely, the force of that spring of population which
the Creator has coiled up in the nature of man, as contrasted with the
weakness of that power by which the earth brings forth sustenance for
man, is seen to be a topic in Physiology and not in Political Economy
at all. Political Economy presupposes the existence of Persons able
and willing to make exchanges with each other, before it even begins
its inquiries and generalizations. How they come into existence, the
rate of their natural increase, and the ratio of this increase to the
increase of food, however interesting as physiological questions, have
clearly nothing to do with our Science. Each adult human being is as
much constituted by Nature to receive personal services as to render
them, in Economics each without exception receives when and because he
renders, and all alike are naturally able to become capitalists also;
economical laws present no obstacles, that we can see, to all men
becoming _rich_, as we use that term; the town or city in which many
people are growing rich simultaneously, is the best place in the world
for other people to go to get rich in, and not at all towns in which
other people are getting poorer; most men are unwilling, some perhaps
may be unable, to fulfil the moral conditions of growing rich; while,
we may depend upon it, the famines of the world have been caused more
by the indolence and want of foresight of individuals, and especially
by the monstrous maladministrations of Governments, than by any law of
the increase of population.
Public-domain text, read in full here on John Shaqi.
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