Principles of Political EconomyPerry, Arthur Latham
General
Principles of Political Economy
Perry, Arthur Latham
Economics
Experience too has shown, that the strong impulse in mankind towards
procreation is not too strong for the purpose intended by the Creator;
that HE who is the author of the impulses is author also of natural
counterworkings of them; that, as men under moral and religious
training come more and more under the influence of reason and
affection, the preventive checks to population come silently and
effectually into operation; and that, taking the world at large, food
and comforts have more than kept pace with the stride of population,
since its inhabitants as a whole were plainly never so well fed and
clothed and housed as now. The abstract antagonism of the law of the
increase of population with the law of the increase of food, or what
we prefer to call the law of diminishing returns from Land, may be
admitted, if one chooses to insist on it; but any practical _tendency_
of these to come into collision, as the world is and is to be, is
confidently denied. When Malthus wrote, and long afterwards, England
was under the dominance of Protectionism; the wretched Corn-laws
forbidding the importations of foreign grain, in order that the
domestic growers might sell to their countrymen at artificial prices,
and thus grow the richer as bread became the dearer, were only
repealed in 1846; and the demonstrated ability of Great Britain under
free trade to draw on the fertility of the whole world for the
steadily and increasingly cheap maintenance of her people,
demonstrates the irrelevancy of Malthusianism to the Science of
Economics.
The Supply of personal services at any time or place in answer to the
Demand for them, is affected by several important circumstances, which
we shall now proceed to consider in their order.
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