An Inquiry into the Permanent Causes of the Decline and Fall of Powerful and Wealthy Nations. - Designed To Shew How The Prosperity Of The British Empire - May Be Prolonged by William Playfair
page 244 of 470 (51%)
page 244 of 470 (51%)
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it is only necessary to observe that the rise in prices, or depreciation of
money, which other causes bring on by degrees, this brings on violently and suddenly. {133} This cause will always exist in a country that cannot provide enough for its own subsistence. How far this may go it is not easy to say; for if it is clear that the farmer, by double prices, gets eighty-three pounds in place of twenty- five, he can certainly afford to give his landlord something more. If he gave him double the usual rent, it would still leave more than double for himself. {134} Of all the causes, then, that hasten the crisis of a country, none is equal to that of the produce becoming unequal to the maintenance of the inhabitants; for it is only in that case that the effects of monopoly are to be dreaded. In the case of animal food becoming too much in request, there is a remedy which may be easily applied; of which it will be our purpose to speak, in treating of the application of the present inquiry to the advantage of the British dominions. --- {133} The few years of dearth altered wages and rent more than had been known for half a century before. Wages rose more, from 1790 to 1802, than they had done from 1740 to 1790. {134} As the usual rent was twenty-five, and the usual profit twenty- five, the landlord and tenant had fifty to divide, at ordinary prices; but, at double prices, they had eighty-three added to twenty-five, or one hundred and seven to divide: so that, if the farmer gave fifty, that is, |
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