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Principles of Political Economy, Vol. 2

Note 205-7 — Chapter VII

John J. (John Joseph) Lalor translation

Harrington's fundamental thought (1611-1677, Works, 1700) is, that the nature of the constitution of a state depends on the distribution of the ownership of its land. "Balance of property!" Where, for instance, one person owns all the land or the larger portion of it, we have a despotism; where the distribution is more equal, a democracy, etc. All real revolutions are based upon a displacement of the centre of gravity of property, since in the long run, superstructure and foundation can not be out of harmony with each other. For this reason, agrarian laws are the principal means to prevent revolutions. (Roscher, Gesch. der English. Volkswirthschaftslehre, 53 ff.) Montesquieu also pays special attention to the political consequences of the distribution of wealth. Thus, for instance, in monarchies, the creation of large fortunes should be promoted by the right of primogeniture; in aristocracies, on the other hand, the great wealth of a few nobles is as detrimental as that of extreme poverty. (Esprit des Lois, V, 8, 9.)

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