Rural Wealth and Welfare: Economic Principles Illustrated and Applied in Farm LifeFairchild, Geo. T. (George Thompson)
Science
Rural Wealth and Welfare: Economic Principles Illustrated and Applied in Farm Life
Fairchild, Geo. T. (George Thompson)
Agriculture -- Economic aspects; Economics
Property rights are grounded in the general and individual welfare, as
shown in human nature and in the progress of the world along the line of
protection to property. Those communities are most happy which best
protect individual property. As J. E. Thorold Rogers remarks, “Sacredness
is accorded to private property, because society prospers by it.” Even
theorizers who denounce individual property-holding found their argument
upon the equity of individual rights in property. War is less harmful than
anarchy, because it ensures a measure of control. Slavery has sometimes
been less injurious than war in giving security to enjoy a portion of
self. But a conquest of freedom by bloodshed is worth its cost in
self-control. Civilization advances as individual responsibility for
property, as well as everything else, is recognized.
Christianity is ideally practical in upholding every man’s right to
self-control in the interest of all. It distinguishes equity from equality
in distribution of all good, wealth included. Public property is rightly
public when the wants and energies of all the community are best provided
for by such common ownership. Proof in each particular case is essential
against the presumption that individual needs are the best impulses to
provision for welfare. Even common property is limited necessarily to the
numbers who can use it. No property or wealth can exist for anybody
without the control of some human individuals for whom it is accumulated.
_Wants individual._—We are likely to lose sight of the essential
individuality of wants and exertions which make wealth possible, because
in any community exchange of services modifies the direct relation of each
man’s wants to his accumulations. Assuming that others, wanting food, will
exchange clothing for it, one man stores food alone, but in quantities far
beyond his own need, measuring its relation to all his material wants
through the wants and exertions of others. He feels even more sure of the
continued activity of wants and powers among a multitude than if he had
but one neighbor; but individuals, after all, must need his products and
exert themselves to meet the need, or all his calculations fail.
_Progress in welfare._—Economic progress must show a larger welfare to
individuals of the community. The familiar figure by which a commonwealth
is compared to an animal organism fails to include the important fact that
the individuals of the commonwealth furnish the only reason for the
existence of the commonwealth itself, as well as its only means of
existence. The cells of the animal, or even the most important organs,
have no reason for existence in themselves. Each individual man furnishes
the reasons for his activity, and the needs of individual men furnish the
only reason for having a commonwealth.
Public-domain text, read in full here on John Shaqi.
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