The Grounds of An Opinion On the Policy of Restricting the Importation of Foreig
The Grounds of An Opinion On the Policy of Restricting the Importation of Foreig
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It can scarcely be doubted, that one of the main causes, which hasenabled us hitherto to support, with almost undiminished resources, the prodigious weight of debt which has been accumulated during thelast twenty years, is the continued depreciation of the measure inwhich it has been estimated, and the great stimulus to industry, andpower of accumulation, which have been given to the industriousclasses of society by the progressive rise of prices. As far as thiswas occasioned by excessive issue...s of paper, the stockholder wasunjustly treated, and the industrious classes of society benefitedunfairly at his expense. But, on the other hand, if the price ofcorn were now to fall to 50 shillings a quarter, and labour andother commodities nearly in proportion, there can be no doubt thatthe stockholder would be benefited unfairly at the expense of theindustrious classes of society, and consequently at the expense ofthe wealth and prosperity of the whole country.
During the twenty years, beginning with 1794 and ending with 1813, the average price of British corn per quarter was about eighty-threeshillings; during the ten years ending with 1813, ninety-twoshillings; and during the last five years of the twenty, one hundredand eight shillings.
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To quickly assess the difficulty of the text, read a short excerpt:
It can scarcely be doubted, that one of the main causes, which hasenabled us hitherto to support, with almost undiminished resources, the prodigious weight of debt which has been accumulated during thelast twenty years, is the continued depreciation of the measure inwhich it has been estimated, and the great stimulus to industry, andpower of accumulation, which have been given to the industriousclasses of society by the progressive rise of prices. As far as thiswas occasioned by excessive issue...s of paper, the stockholder wasunjustly treated, and the industrious classes of society benefitedunfairly at his expense. But, on the other hand, if the price ofcorn were now to fall to 50 shillings a quarter, and labour andother commodities nearly in proportion, there can be no doubt thatthe stockholder would be benefited unfairly at the expense of theindustrious classes of society, and consequently at the expense ofthe wealth and prosperity of the whole country.
During the twenty years, beginning with 1794 and ending with 1813, the average price of British corn per quarter was about eighty-threeshillings; during the ten years ending with 1813, ninety-twoshillings; and during the last five years of the twenty, one hundredand eight shillings.
What to read after The Grounds of An Opinion On the Policy of Restricting the Importation of Foreig?
You can find similar books in the "Read Also" column, or choose other free books by Tr Malthus to read onlineMoreLess
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