Principles of Political Economy, Vol. 2Roscher, Wilhelm
General
Principles of Political Economy, Vol. 2
Roscher, Wilhelm
Economics
[Footnote 166-1: _Senior_ denies this. Let us suppose that
agriculture in Ireland employs on every 200 acres ten
working men's families, one-half of whom are used to satisfy
the aggregate wants of the working people, and the other
half in the production of wheat to be exported to England.
If now the English market requires meat and wool instead of
wheat, the Irish landowner will, perhaps, find it
advantageous, of the ten laboring families, to employ one in
stock raising, a second in obtaining food, etc. to support
the laborers, and to discharge all the others. If, then, the
increased net product is employed in the purchase of other
Irish labor, all goes on well enough; but if, instead of
this, the landowners should import articles of English
manufacture, the demand for labor in Ireland would doubtless
decrease, notwithstanding the increase of its income.
(Outlines, I, 154.) _Senior_ here overlooks two things:
first, that in the supposed case, if eight-ninths of Irish
laborers are thrown out of employment, spite of the
increased income of the owners of landed estates, Ireland's
national income is on the whole probably diminished (§ 146),
and secondly, that, possibly, the demand for labor in
England experiences a greater increase than the decrease in
Ireland; since, with the addition to the world-income, there
would be an increase in the world-demand for labor.]
[Footnote 166-2: Compare _Hermann_, Staatswirthsch.
Untersuch., 280 ff. Earlier yet, _Malthus_, Principle of
Population, II, ch. 13.]
[Footnote 166-3: Thus, _Thomas More_, Utopia, 96, 197,
thinks that if every one was industrious and engaged in only
really useful business, no one would need to fatigue himself
very much; while, as it is now, the few real laborers there
are wear themselves out in the service of the vanity of the
rich, are poorly fed and worked exceedingly hard.]
[Footnote 166-4: _McCulloch_, Principles, 104, seq. 2d ed.]
[Footnote 166-5: Thus, in France, during the continental
blockade, distant ocean commerce declined, and manufactures
flourished instead. (_Lotz_, Revision, III, 134.)]
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