Principles of Political Economy, Vol. 1Roscher, Wilhelm
History
Principles of Political Economy, Vol. 1
Roscher, Wilhelm
Economics
157 Under Pericles, the Athenian treasury of the state contained at most
9,700 talents. (_Thucyd._ II, 13.) On the other hand, Alexander the
Great had a treasure of 180,000 talents accumulated in the citadel
of Ecbatana. (_Strabo_, XV, 731); Ptolomy II. left after him 740,000
talents. (_Appian._ præf. 10, _Droysen_, Geschichte des Hellenismus
II, 44 ff.) In Nero’s time there was many a freedman’s daughter who
owned a looking glass worth a greater sum than the senate had
appropriated as a dowry to the daughter of the great Scipio.
(_Seneca_, Quæst. Natur. I, 17. Compare Cons, ad Helviam, 12.)
_McCulloch_ says that an intelligent despotism can enrich a nation
as well as freedom. (In his Discourse on the Rise, etc. of Polit.
Econ., 1825, 77 seq.)
_ 158 Bacon_ (Sermones, 56) says that youthful states distinguish
themselves specially by their warlike instincts; mature states in
literature; old and decaying ones in industry and commerce.
_Davenant_ very happily remarks, that the development of commerce
among a people has an ambiguous value. It, indeed, increases wealth,
but, at the same time, it may introduce luxury, covetousness and
fraud, destroy virtue, do away with simplicity of manners and
customs, and then it inevitably ends in internal or external
slavery. (Works II, 275.) The simplicity of the patriarchal state,
however, cannot last always, if for no other reason, because of the
emulation of foreign nations. (1, 348, ff.) The impoverishment of
even the wealthiest nation is certainly inevitable when its morality
declines. It is especially true, that the public economy of a people
can be prosperous only where political liberty obtains, and this,
independent of the fact that wealth without freedom has no value.
(II, 336 ff., 380, ff., 285.) According to _Ferguson_, private
wealth, honestly acquired, used rightly and with moderation, managed
with a sense of independence, may be to those who possess it, an
element of self-confidence and of liberty, provided they loosen
their purse strings not through vanity or for their personal
gratification, but for commendable party purposes. But in periods of
decay, even a greater amount of wealth is very far from producing
these results. (History of Civil Society, VI, 5.) _Whately_, on the
contrary, maintains that only personal wealth—never national
wealth—has a disastrous influence on morals. Lectures, No. 2.
159 “The method of a science is of much greater importance than any
individual discovery, however wonderful.” (_Cuvier._)
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