Principles of Political Economy, Vol. 1Roscher, Wilhelm
History
Principles of Political Economy, Vol. 1
Roscher, Wilhelm
Economics
_ 148 Morhof_, Polyhistor (1688), III. _Thomasius_, 1728, Cautelæ circa
præcognita Jurisprudentiæ (1710), ch. 17. (Cautelæ circa studium
œconomicum.) Also, in his lectures on _Seckendorff’s_ “Teutschen
Fürstenstaat.” Compare _Roscher_, Gesch. der N. Œk. in Deutschland,
328 ff.
149 While _Dithmar_ (1731) distinguishes economy-police and cameralistic
sciences and restricts the latter to finance and taxation; _Darjes_
(1756) comprises under the name of cameralistic science, economy
(municipal and rural), and police, as well as cameralistic subjects
in the strict sense of the term, that is, the public, domain and
regal rights. While _Nau_ (1791), in his “Ersten Linien der C.,”
treats only of the branches of private economy, _Schmalz_, (1797)
treats also of national or public economy, and _Rössig_ (1792)
divides cameralistic science into the doctrine of the public demesne
and regal rights (cameralistic science in the narrower sense), and
the doctrine of taxation and police.
150 Thus, for instance, all that concerns domestic economy, book-keeping
and private financial administration.
_ 151 John Stuart Mill_, Principles of Political Economy (1848), I, p.
25, draws a distinction between the physical conditions which
influence the economic situation of a people, and the moral and
psychological conditions; which last have their origin in social
institutions or in the fundamental principles of human nature. Only
the latter belong to the domain of Political Economy. According to
_J. B. Say_, Traité, Introd., this science embraces at once
agriculture, manufactures and commerce, but only in their relation
to the increase or diminution of wealth, and does not concern itself
with the means employed to reach the desired end. As a rule, says
_Arndt_ (Naturgemässe Volkswirthschaft, 1851, p. 16), it takes into
consideration not so much things themselves as their exchange value.
_Lotz_ (Handbuch, I, p. 6 seq.), in like manner, defines Political
Economy—the science of the one activity which constitutes the basis
of all industries etc. _F. G. Schulze_ (Ueber volkswirthschaftliche
Begründung der Gewerbswissenschaften, 1826), characterizes Political
Economy as the science of the fundamental conditions of the
well-being of a people, in so far as they lie in human nature.
When _Adam Smith_ (book IV, c. II) says that the government in
respect to matters of economy is inferior to the first best person
engaged in industrial pursuits, he is right only from a technic
point of view. And when _Stewart_, on the other hand, vindicates for
the state the office of a pater-familias (book II, ch. 13), he
evidently means only in national economical matters.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account