will exercise over England as soon as the power of the Crown is broken, and for the triumph of the modern English conception of landownership, a conception so repugnant both to our ancestors and to the younger English communities,[1] as in the main a luxury of the richer classes. If it had not been for the undermining of the small farmer’s position in the sixteenth century, would the proposal[2] to enfranchise copyholders have been thrown out in 1654, and would the enclosures[3] of the eighteenth century have been carried out with such obstinate indifference to the vested interests of the weaker rural classes? Would England have been unique among European countries in the concentration of its landed property, and in the divorce of its peasantry from the soil?

From a wider point of view the agrarian changes of the sixteenth century may be regarded as a long step in the commercialising of English life. The growth of the textile industries is closely connected with the development of pasture farming, and it was the export of woollen cloth, that “prodigy of trade,$rdquot; which first brought England conspicuously into world-commerce, and was the motive for more than one of those early expeditions to discover new markets, out of which grew plantations, colonies, and empire. Dr. Cunningham[4] has shown that the system of fostering the corn trade, which was embodied in the Corn Bounty Act of 1689, and which was a principle of English policy long after the reason for it had disappeared, was adopted in a milder form in the reign of Elizabeth with the object of checking the decline in the rural population. Again, new agricultural methods were a powerful factor in the struggle between custom and competition, which colours so much of the economic life of the period, and, owing to this fact, they produced reactions which spread far beyond their immediate effect on the classes most closely concerned with them. The displacement of a considerable number of families from the soil accelerated, if it did not initiate, the transition from the mediæval wage problem, which consisted in the scarcity of labour, to the modern wage problem, which consists in its abundance. Throughout the sixteenth and seventeenth centuries municipal[5] authorities were engaged in a prolonged struggle to enforce their exclusive economic privileges against the rural immigrant who had lost his customary means of livelihood and who overcrowded town dwellings and violated professional byelaws; while the Government prevented him from moving without a licence, and when he moved, straitened[6] his path between the Statute of Inmates on the one hand and the House of Correction on the other. Observers were agreed that the increase in pauperism[7] had one capital cause in the vagrancy produced by the new agrarian régime; and the English Poor Law system, or the peculiar part of it providing for relief of the able-bodied, which England was the first of European countries to adopt, came into existence partly as a form of social insurance against the effect of the rack rents and evictions, which England was the first of European countries to experience. Whatever uncertainty attaches to the causes and effects of the agrarian problem, there can be no doubt that those who were in the best position to judge thought it highly important. If it is not a watershed separating periods, it is at least a high range from which both events and ideas descend with added velocity and definiteness. To the economic historian the ideas are as important as the events. For though conceptions of social expediency are largely the product of economic conditions, they acquire a momentum which persists long after the circumstances which gave them birth have disappeared, and act as over-ruling forces to which, in the interval between one great change and another, events themselves tend to conform.

A consideration of these great movements naturally begins with those contemporary writers who described them. Though the books and pamphlets of the age contain much that is of interest in the development of economic theory, their writers rarely attempted to separate economic from other issues, and economic speculation usually took the form of discussions upon particular points of public policy, or of a casuistry prescribing rules for personal conduct in difficult cases. Such a difficult case, such a problem of public policy, was offered by the growth of competitive methods of agriculture. The moral objections felt to the new conditions caused them to be a favourite subject with writers of sermons and pamphlets, and made the sins of the encloser, like those of the usurer, one of the standbys of the sixteenth century preacher. There is, therefore, a considerable volume of writings dealing with the question from the point of view of the teacher of morality. At the same time the political significance of the movement, and the fact that the classes concerned were important enough to elicit attempts at protection on the part of the Government, called forth a crop of suggestions and comments like those of More, Starkey,[8] Forest,[9] the author of the Commonwealth[10] of England, and, at a later date, Powell[11] and Moore.[12] Further, the new agricultural methods were explained by persons interested in the economics of agriculture, such as Fitzherbert,[13] Tusser,