WEALTH OF NATIONS

第16章

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第16章

WEALTH OF NATIONS Adam Smith

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WEALTH OF NATIONS
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  Butthoughthelowmoneypriceeitherofgoodsingeneral,orofcorninparticular,benoproofofthepovertyorbarbarismofthetimes,thelowmoneypriceofsomeparticularsortsofgoods,suchascattle,poultry,gameofallkinds,etc。,inproportiontothatofcorn,isamostdecisiveone。Itclearlydemonstrates,first,theirgreatabundanceinproportiontothatofcorn,andconsequentlythegreatextentofthelandwhichtheyoccupiedinproportiontowhatwasoccupiedbycorn;and,secondly,thelowvalueofthislandinproportiontothatofcornland,andconsequentlytheuncultivatedandunimprovedstateofthefargreaterpartofthelandsofthecountry。Itclearlydemonstratesthatthestockandpopulationofthecountrydidnotbearthesameproportiontotheextentofitsterritorywhichtheycommonlydoincivilisedcountries,andthatsocietywasatthattime,andinthatcountry,butinitsinfancy。Fromthehighorlowmoneypriceeitherofgoodsingeneral,orofcorninparticular,wecaninferonlythatthemineswhichatthattimehappenedtosupplythecommercialworldwithgoldandsilverwerefertileorbarren,notthatthecountrywasrichorpoor。Butfromthehighorlowmoneypriceofsomesortsofgoodsinproportiontothatofothers,wecaninfer,withadegreeofprobabilitythatapproachesalmosttocertainty,thatitwasrichorpoor,thatthegreaterpartofitslandswereimprovedorunimproved,andthatitwaseitherinamoreorlessbarbarousstate,orinamoreorlesscivilisedone。

  Anyriseinthemoneypriceofgoodswhichproceededaltogetherfromthedegradationofthevalueofsilverwouldaffectallsortsofgoodsequally,andraisetheirpriceuniversallyathird,orafourth,orafifthparthigher,accordingassilverhappenedtoloseathird,orafourth,orafifthpartofitsformervalue。Buttheriseinthepriceofprovisions,whichhasbeenthesubjectofsomuchreasoningandconversation,doesnotaffectallsortsofprovisionsequally。

  Takingthecourseofthepresentcenturyatanaverage,thepriceofcorn,itisacknowledged,evenbythosewhoaccountforthisrisebythedegradationofthevalueofsilver,hasrisenmuchlessthanthatofsomeothersortsofprovisions。Theriseinthepriceofthoseothersortsofprovisions,therefore,cannotbeowingaltogethertothedegradationofthevalueofsilver。Someothercausesmustbetakenintotheaccount,andthosewhichhavebeenaboveassignedwill,perhaps,withouthavingrecoursetothesupposeddegradationofthevalueofsilver,sufficientlyexplainthisriseinthoseparticularsortsofprovisionsofwhichthepricehasactuallyriseninproportiontothatofcorn。

  Astothepriceofcornitself,ithas,duringthesixty—fourfirstyearsofthepresentcentury,andbeforethelateextraordinarycourseofbadseasons,beensomewhatlowerthanitwasduringthesixty—fourlastyearsoftheprecedingcentury。Thisfactisattested,notonlybytheaccountsofWindsormarket,butbythepublicfiarsofallthedifferentcountiesofScotland,andbytheaccountsofseveraldifferentmarketsinFrance,whichhavebeencollectedwithgreatdiligenceandfidelitybyMr。MessanceandbyMr。DupredeSt。Maur。Theevidenceismorecompletethancouldwellhavebeenexpectedinamatterwhichisnaturallysoverydifficulttobeascertained。

  Astothehighpriceofcornduringtheselasttenortwelveyears,itcanbesufficientlyaccountedforfromthebadnessoftheseasons,withoutsupposinganydegradationinthevalueofsilver。Theopinion,therefore,thatsilveriscontinuallysinkinginitsvalue,seemsnottobefoundeduponanygoodobservations,eitheruponthepricesofcorn,oruponthoseofotherprovisions。

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