Principles of Political Economy, Vol. 1Roscher, Wilhelm
History
Principles of Political Economy, Vol. 1
Roscher, Wilhelm
Economics
Does the same rule apply to the commercial intercourse of nations? Where
the feeling that all mankind constitute one vast family is stronger than
that of their political and religious diversity; where the sense of right
and the love of peace have extinguished every dangerous spark of ambition
for empire and all warlike jealousy; where, especially, their economic
interests are rightly understood on both sides, a real conflict between
the interests of two nations must always be a phenomenon of rare
occurrence, and an exception to the general rule, which should not be
admitted until it has been clearly demonstrated to exist.(591) Highly
cultivated nations generally look upon the first steps in the civilization
of a foreign people with a more favorable eye than they do on the
subsequent progress which brings such nations nearer to themselves.(592)
Yet the realization of the above mentioned conditions on all sides is
something so improbable, unpatriotic “philanthropy” something so
suspicious,(593) the greater number of mankind so incapable of development
except under the limitations of nationality, that I should observe the
total disappearance of national jealousies only with solicitude. Nothing
so much contributed to the Macedonian and Roman conquests as the
cosmopolitanism of the later Greek philosophers.(594)
As all commerce is based on the mutual dependence of the contracting
parties, we need not be surprised to find international commerce so
dependent. But this dependence need not, by any means, be equally great on
both sides. Rather is the individual or the nation which stands in most
urgent need of foreign goods or products the most dependent. Hence, it
seems that, in the commercial intercourse between an agricultural and an
industrial people, in which the former furnish food and the raw material
of manufactures, and the latter manufactured articles, the latter are the
more dependent. In case of war, for instance, it is much easier to
dispense for a long time with manufactured articles than with most
articles of food.(595) However, this condition of things is very much
modified, for the better, by all those circumstances on which the dominant
active commerce of a nation depends. It is, for instance, much easier for
the English, on account of their greater familiarity with, and knowledge
of the laws and nature of commerce, on account of their business
connections, their capital, credit and means of transportation, but more
particularly on account of the greater capacity of circulation of their
national resources, to find a new market in the stead of one that has been
closed to them, than it is for the Russians with their much more
immoveable system of public economy.(596) It is true, however, that an
effective blockade, which excluded both of these nations from all the
markets of the world, would be much more injurious to England than to
Russia.
Chapter II.
Prices.
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