Principles of Political Economy, Vol. 1Roscher, Wilhelm
History
Principles of Political Economy, Vol. 1
Roscher, Wilhelm
Economics
_ 73 Schäffle_, N. Œkonomie, 10. In the German language, this same word
is used to designate utility, and sometimes useful objects (so
called values). A clear distinction, however, should be made between
utility and value in use. Utility is a quality of things themselves,
in relation, it is true, to human wants. Value in use is a quality
imputed to them, the result of man’s thought, or of his view of
them. Thus, for instance, in a beleagured city, the stores of food
do not increase in utility, but their value in use does. Compare
_Schäffle_, System, III, I, 170.
_ 74 Genovesi_, Economia civile (1869), II, I, 7. _L. Say_, De la
Richesse individuelle et de la Richesse publique (1827), 29,
estimates the value of goods according to the degree of discomfort
attendant on the privation of them.
_ 75 Friedländer_ has, however, made a general attempt in this
direction. Theorie des Werthes (Dorpat, 1852). But says _Th. Fix_
(Journal des Economistes, 1844, IX, 12): “It is as impossible to
establish a scale of values, as it is to find an exact mathematical
and permanent measure of our wants, passions, desires, tastes and
fancies.”
76 Compare _Knies_, Geld und Credit, 1873, I, 126 ff. The very
respectable attempt made by _A. Samter_, Sociallehre (1875), with
the idea society-value (_Gesellschaftswerth_) covers too nearly the
idea of value in exchange. Further research will here have to be
made, with the idea of “impotent need,” inasmuch as, from a high
ethical, national-dietetical point of view, the question is asked
whether, to what extent, and how, “impotent need” may be made a
potent one.
_ 77 Friedländer_, loc. cit, 50. If too many copies of the very best
book be published, there is a certainty that a number of them will
remain little better than waste paper.
_ 78 Schäffle_, System, II, aufl., 55. See also his Kapitalismus und
Socialismus, 1870, 31, 35, 43.
79 Thus _Kleinwächter_ (Hildebrand’s Jahrbücher für N. Oek. und
Statistik, 1867, II, 318), defines value in exchange=value in use +
costliness. According to Schäffle, it is “a covert comparison
between the cost-value and the value in use of the two kinds of
goods to be exchanged.” (Kapitalismus und Socialismus, 35.)
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