Observations on the Effects of the Corn Laws, and of a Rise or Fall in the Price of Corn on the Agriculture and General Wealth of the Country by T. R. (Thomas Robert) Malthus
page 27 of 36 (75%)
page 27 of 36 (75%)
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supply its own wants. But a law passed with this view might be so
framed as to effect its object rather by a diminution of the people than an increase of the corn: and even if constructed in the most judicious manner, it can never be made entirely free from objections of this kind. The evils which must always belong to restrictions upon the importation of foreign corn, are the following: 1. A certain waste of the national resources, by the employment of a greater quantity of capital than is necessary for procuring the quantity of corn required. 2. A relative disadvantage in all foreign commercial transactions, occasioned by the high comparative prices of corn and labour, and the low value of silver, as far as they affect exportable commodities. 3. Some check to population, occasioned by a check to that abundance of corn, and demand for manufacturing labours, which would be the result of a perfect freedom of importation. 4. The necessity of constant revision and interference, which belongs to almost every artificial system. It is true, that during the last twenty years we have witnessed a very great increase of population and of our exported commodities, under a high price of corn and labour; but this must have happened in spite of these high prices, not in consequence of them; and is to be attributed chiefly to the unusual success of our inventions for |
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