Principles of Political Economy, Vol. 1Roscher, Wilhelm
History
Principles of Political Economy, Vol. 1
Roscher, Wilhelm
Economics
G. Since personal services are, as a rule, performed and received only by
individuals, the principle in accordance with which labor in general
becomes cheaper in the higher stages of civilization, does not apply to
them to any great extent.(818) Yet we may claim that advancing
civilization has pretty universally a twofold influence on the price paid
for personal services. In the first place, freedom of competition, with
the more accurate and equitable determination of price which it produces
(in contradistinction to servitude, privilege and custom) always tends to
obtain the upper hand; and further, by the growing combination of labor
and of use (§§ 56, ff. 207), a better and better and more clearly defined
gradation between ordinary services and those of a higher order is
effected. When the latter cannot be increased at pleasure, the price paid
for them may, as the wealth of consumers increases, become, from motives
of vanity or of custom (_Gebrauchsgründen_), almost unlimited. The dancing
maid, to whom Herod (Mark, 6, 23) promised even the half of his kingdom,
is both in a politico-economical and in a moral sense a warning example to
over-refined nations.(819)
Section CXXXV.
History Of The Values Of The Precious Metals.—In Antiquity And In The
Middle Ages.
It is impossible to write a real history of the values of the precious
metals in ancient and medieval times: the sources of information are too
few. But it does seem possible to suggest some fragments and something of
the development of that history,(820) at least in outline.
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