Principles of Political Economy, Vol. 1Roscher, Wilhelm
History
Principles of Political Economy, Vol. 1
Roscher, Wilhelm
Economics
_ 98 Palmieri_, Ricchezza nazionale, Introd. The greater number of the
definitions of wealth are rather onesided than false. _Socrates_,
for instance, looks only at the relation existing between means and
their owner’s wants. (_Xenoph._ Memor., IV, 2, 37, seq. Œconom. II,
2 ff.). _Plato_, on the other hand, as the socialists are wont to
do, looks to the excess over that possessed by others. (Legg. V,
742, seq.). _Xenophon’s_ observations, Hiero, 4, on the nature of
wealth, are many-sided and beautiful. _Aristotle_ distinguishes
between natural and artificial wealth: πλῆθος ὀργάνων οἰκονομακῶν
καὶ πολιτικῶν—πλῆθος νομίσματος. (Polit, I, 3, 9, 16.) Compare
_Cicero_, Parad. VI. The dominant idea of the so-called Mercantile
System is thus expressed in a Saxon pamphlet of 1530
(Müntzbelangende Antwort, etc.): “Money is the real watchword; where
there is much money, there is wealth, it is clear.” Compare
_Luther_, Werke, Irmisch edition, XXII, p. 200 seq. See some
excellent remarks in opposition hereto, in the Saxon pamphlet,
Gemeyne Stimmen von der Müntz, 1530. _Schröder_, Fürstliche
Schatz-und Rentkammer, 1686, ch XXIX. “A country grows rich in
proportion as it draws gold or money, either from the earth or from
other countries; poor, in proportion as money leaves it. The wealth
of a country must be estimated by the quantity of gold and silver in
it.” See a very passionate argument against this view in
_Boisguillebert_, Dissertation sur la Nature des Richesses, written
sometime between 1697 and 1714. _Berkeley_, Querist (1735), Nos.
562, 542. Among Englishmen, the correct view was prevalent much
earlier, especially among the founders of the American colonial
empire. See _Hachluyt_, Voyages (1600) III, 22 ff. 45 ff. 152 ff.
165 ff. 182 ff. 266 ff; but especially the work “Virginia’s Verger”
in “Purchas Pilgrims” (1625), IV, p. 809 ff. However, several
Spaniards were led by hard experience to adopt a view opposed to the
Midas-view (compare _Aristotle_, Polit. I, ch. 3, 16), by which the
first American explorers were carried away: _Garcilasso de la Vega_
(1609), Comment. reales II, ch. 6; _Saavedra Faxardo_, Idea
Principis christiani (1640) Symb. 69: _potissimæ divitiæ ac opes
terræ fructus sunt, nec ditiores in regnis fodinæ, quam agricultura;
plus emolumenti, acclivia montis Vesuvii latera adverunt, quam
Potosus mons_. Contemporary with those Englishmen, was the Italian,
_Giov. Botero_, who called attention to the fact, that France and
Italy were the countries of Europe richest in gold, although they
possessed no mines of the precious metal themselves: Della Ragion di
Stato (1591) p. 88 ff. Also _Sully_, who called agriculture and
cattle-breeding the breasts of the state, the real mines and pearls
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