Page:William Petty - Economic Writings (1899) vol 1.djvu/365

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The Value of People.
267

they may have the pay of Soldiers, or some other advantage amounting to maintenance.

Having intimated the way by which the Hollanders do The Method of computing the value of Men and People. increase their People, I shall here digress to set down the way of computing the value of every Head |[32]| one with another, and that by the instance of People in England, viz. Suppose the People of England be Six Millions in number, that their expence at 7l. per Head be forty two Millions: suppose also that the Rent of the Lands be eight Millions, and the profit[1] of all the Personal Estate be Eight Millions more; it must needs follow, that the Labour of the People must have supplyed the remaining Twenty Six Millions, the which multiplied by Twenty (the Mass of Mankind being worth Twenty Years purchase as well as Land) makes Five Hundred and Twenty Millions, as the value[2] of the whole People: which number divided by Six Millions, makes above 80l. Sterling, to be valued of each Head of Man, Woman, and Child, and of adult Persons twice as much; from whence we may learn to compute the loss we have sustained by the Plague, by the Slaughter of Men in War, and by the sending them abroad into the Service of Foreign Princes. [3]The other Trade of which the Hollanders have rid their Hands, is the old Patriarchal Trade of being Cow-keepers, and in a great Measure of that which concerns |[33]| Ploughing and Sowing of Corn, having put that Employment upon the Danes and Polanders, from whom they have their Young Cattle and Corn. Now here we may take notice, that as Trades and curious Arts increase; so the Trade of Husbandry will decrease, or else the Wages of Husbandmen must rise, and consequently the Rents of Lands must fall.

For proof whereof I dare affirm, that if all the Husbandmen of England, who now earn but 8d. a day or thereabouts, could become Tradesmen and earn 16d. a day (which is no great Wages 2s. and 2s. 6d. being usually given) that then
  1. S, 1691, 'yearly profit,' 'yearly' inserted in S by Petty, obscure, R, 'ye Profit,' cf. errata.
  2. 1691, 'to be the value,' cf. errata.
  3. S, R, 'The other Trade' begins a paragraph.