Principles of Political Economy, Vol. 1Roscher, Wilhelm
History
Principles of Political Economy, Vol. 1
Roscher, Wilhelm
Economics
But _F. J. Neumann_, (Tübinger Zeitschrift, 1872, p. 288 ff.)
objects, that even the abstract value of a commodity always suggests
the relation of a definite number of concrete men to a definite
quantity of goods; else, by the expression, value of goods, is to be
understood not what it is generally meant to signify, but only the
capacity to satisfy a single want.
_ 91 Storch_, Ueber die Natur des Nationaleinkommens (1824, 1825), 5,
defines (_Vermögen_) thus: a source of income, permanent in its
nature, and capable of being transmitted, the possessor of which
does not need to work, on its account. Hence he does not approve of
the expression “the people’s resources” (_Volksvermögen_).
92 See especially _Lord Lauderdale_, Inquiry into the Nature and Origin
of Public Wealth, 1804, ch. 2. _Storch_, loc. cit.
_ 93 Moreau de Jonnès_, Le Commerce au 19. Siècle (1825) I, 114 ff.,
says that the United States imported from abroad 9.6, France 6, and
Great Britain 5.8 per cent. of their annual consumption; and
exported respectively 10.4, 6.2, 9.8 per cent. of their annual
production. The recent free trade tendencies, and the improvement in
the international means of transportation, have certainly increased
the relative importance of foreign commerce. In the kingdom of
Saxony (1853), _Engel_ estimates that 10/47 of the whole production
of the country was destined for foreign countries, and that 10/47 of
the consumption was imported.
94 When the land of a country becomes dearer, simply on account of the
increase of population, or goods, the quantity of which is
susceptible of increase, because the cost of production has been
increased, this cannot be considered an increase in the wealth of
the people, (_v. Mangoldt._)
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