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fifteen fold her present amount); and from a superficial point of



view this certainly appears to promise great advantage to France;



and to the French vineyard proprietors。



    If; however; we investigate this matter to the bottom; we



obtain another result。 By as much freedom of trade as is possible



 we will not say complete freedom of trade; although the latter



would have to be accepted according to the principle enunciated;



and to Bowring's arguments  it can scarcely be doubted that the



English would draw to themselves a large part of the French market



for manufactured goods (especially as regards the manufactures of



woollens; cotton; linen; iron; and pottery)。 On the most moderate



estimate we must assume; that in consequence of this decreased



French manufacturing production one million fewer inhabitants would



live in the French towns; and that one million fewer persons would



be employed in agriculture for the purpose of supplying the



citizens of those towns with raw material and necessaries of life。



Now; Dr Bowring himself estimates the consumption of the country



population in France at 16 1/2 gallons per head; and that of the



town population at double that quantity; or 33 gallons per head。



Thus in consequence of the diminution of the home manufacturing



power effected by free trade; the internal consumption of wines



would decrease by 50 million gallons; while the exportation of wine



could only increase by 5 or 6 million gallons。 Such a result could



scarcely be to the special advantage of the French proprietors of



vineyards; since the internal demand for wines would necessarily



suffer ten times more than the external demand could possibly gain。



    In one word: it is evident as respects the production of wine;



as also in that of meat; of corn; and of raw materials and



provisions generally; that in the case of a great nation well



fitted to establish a manufacturing power of its own; the internal



manufacturing production occasions ten to twenty times more demand



for the agricultural products of temperate climates; consequently



acts ten to twenty times more effectually on the increase of the



rent and exchangeable value of real estate; than the most



flourishing exportation of such products can do。 The most



convincing proof of this may also be seen in the amount of rents



and the exchangeable value of land near large towns; as compared



with their amount and value in distant provinces; even though these



latter are connected with the capital by good roads and



conveniences for commercial intercourse。



    The doctrine of rent can either be considered from the point of



view of values or from the point of view of productive powers; it



can further be considered with respect merely to private relations;



namely; the relations between landed proprietor; farmer; and



labourer; or with especial regard to the social and national



relations and conditions。 The school has taken up this doctrine



chiefly from the sole point of view of private economy。 So far as



we know; for instance; nothing has been adduced by it to show how



the consumption of the rents of the nation is the more advantageous



the more it takes place in the proximity of the place whence it is



derived; but how nevertheless in the various States that



consumption takes place principally at the seat of the sovereign



(e。g。 in absolute monarchies mostly in the national metropolis);



far away from the provinces where it is produced; and therefore in



a manner the least advantageous to agriculture; to the most useful



industries; and to the development of the mental powers of the



nation。 Where the landowning aristocracy possess no rights and no



political influence unless they live at the Court; or occupy



offices of State; and where all public power and influence is



centralised in the national metropolis; landowners are attracted to



that central point; where almost exclusively they can find the



means of satisfying their ambition; and opportunities for spending



the income of their landed property in a pleasant manner; and the



more that most landowners get accustomed to live in the capital;



and the less that a residence in the provinces offers to each



individual opportunities for social intercourse and for mental and



material enjoyments of a more refined character; the more will



provincial life repel him and the metropolis attract him。 The



province thereby loses and the metropolis gains almost all those



means of mental improvement which result from the spending of



rents; especially those manufactures and mental producers which



would have been maintained by the rent。 The metropolis under those



circumstances; indeed; appears extremely attractive because it



unites in itself all the talents of the intellectual workers and



the greatest part of the material trades which produce articles of



luxury。 But the provinces are thereby deprived of those mental



powers; of those material means; and especially of those



industries; which chiefly enable the agriculturist to undertake



agricultural improvements; and stimulate him to effect them。



    In these circumstances lies to a great extent the reason why in



France; especially under absolute monarchy; alongside of a



metropolis surpassing in intellect and splendour all towns of the



European continent; agriculture made but slight progress; and the



provinces were deficient in mental culture and in useful



industries。 But the more that the landed aristocracy gains in



independence of the Court; and in influence in legislation and



administration; the more that the representative system and the



system of administration grants to the towns and provinces the



right of administering their own local affairs and of taking part



in the legislation and government of the State; and consequently



the more that respect and influence can be attained in the



provinces and by living there; so much the more will the landed



aristocracy; and the educated and well…to…do citizens; be drawn to



those localities from which they derived their rents; the greater



also will be the influence of the expenditure of those rents on the



development of the mental powers and social institutions; on the



promotion of agriculture; and on the development of those



industries which are useful to the great masses of the people in



the province。



    The economical conditions of England afford proof of this



observation。 The fact that the English landed proprietor lives for



the greatest portion of the year on his estates; promotes in



manifold ways the improvement of English agriculture: directly;



because the resident landowner devotes a portion of his rent to



undertaking on his own account improvements in agriculture; or to



supporting such improvements when undertaken by his tenants;



indirectly; because his own consumption tends to support the



manufactures and agencies of mental improvement and Civilisation



existing in the neighbourhood。 From these circumstances it can



further partly be explained why in Germany and in Switzerland; in



spite of the want of large towns; of important means of transport;



and of national institutions; agriculture and Civilisation in



general are in a much higher condition than in France。



    But the great error into which in this matter Adam Smith and



his school have fallen is that which we have already before



indicated; but which can be here more clearly shown; viz。 that he



did not clearly recognise the influence of manufactures on the



increase of rents; on the market value of landed property

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