Principles of Political EconomyPerry, Arthur Latham
General
Principles of Political Economy
Perry, Arthur Latham
Economics
cotton, the simple device for ginning this had been invented in the
decade preceding by a college boy from Connecticut, the agricultural
implements were of the rudest kind, even the coarse shoes for the
slaves were bought at the North;--in short, the degree of association
and invention and freedom was each so low, that the production of
commodities was exceedingly small, even as compared with what that
production became in one quarter of a century after the abolition of
slavery.
(a) Association. If we may continue for purpose of illustration our
childhood trust in the story of De Foe, Robinson Crusoe came to lead a
very tolerable life upon his desolate island by means of his own
industry directed so as to satisfy his own wants by his own efforts.
He did everything for himself, and had no opportunity to buy anything
or sell anything. The whole course of such an isolated life could
never develop the idea of Value, would require no such word as
Commodities or suggest their production, and such a man while solitary
upon his island could not possess Property in the true sense of that
word. Association is the first main condition of Production, because
of the natural obstacles interposed between the isolated man and the
supply of his various wants. If any one man try to surmount a
considerable number of these natural obstacles, he must miserably
fail, because his powers are not adequate to the task; and hence it
follows, that, in a state of isolation, _men's wants exceed their
powers_; but now let the same man devote himself to overcome a single
class of obstacles, for instance, those in the way of procuring
suitable clothing, and his powers are adequate to this, he soon
acquires skill in it, he learns to avail himself of the free help of
Nature and the facilitating processes of art, he is able to realize
large products along his line, and is now ready to offer his surplus
in exchange with other men, who meanwhile have been giving themselves
each to another class of obstacles, have concentrated efforts and
skill upon them, have succeeded by the help of Nature and art in
surmounting them, and are now ready to offer their surplus commodities
in exchange for others; and, the exchanges beginning to be made in all
directions, men find that they thus obtain vastly greater
satisfactions for their various desires than they could possibly get
by direct efforts: so that we may even say, that, in a state of
society through association, _men's powers tend to overtake their
wants_.
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