Principles of Political Economy, Vol. 1Roscher, Wilhelm
History
Principles of Political Economy, Vol. 1
Roscher, Wilhelm
Economics
290 That the Athenians left everything in the lurch to oppose Xerxes,
much more readily than under Pericles, even, the flat country of
Attica. _Büchsenschütz_ (Besitz und Erwerb im griech. Alterthum,
589) explains by the fact that in the interval between the two
periods, fixed capital increased largely. In rude ages under the
appellation of a community or nation was understood a number of men;
and the state, while its members remained, was accounted entire.
With polished and mercantile states, the case is sometimes reverted.
The nation is a territory cultivated and improved by its owners;
destroy the possession even while the master remains, the state is
undone. _Ferguson_, Hist. of civil Society, V, 4; _v. Mangoldt_,
Volkswirthschaftslehre, 159. Fixed capital is not so sure of being
completely used up as circulating. On this point see _Schäffle_, N.
Œk., 53.
291 If the aggregate productive activity of man be designated by the
word labor (just as everything produced on a piece of land is
inaccurately called its product), then all capital may be considered
as the unconsumed result of labor. The recent socialistic theory
that considers capital as the wages which have been earned but not
paid, is a gross misconception of this truth. This is the origin
only of the capital of oppressors and deceivers, and of theirs only
in part. See _infra_, § 189.
292 “While we are clothed in our winter garments, the spring stuffs are
already in the shops of retail dealers; the light material of next
summer’s wear is already manufacturing, and the wool for our next
winter’s clothing spun.” Think of the study in advance which the
physician must have gone through, whom we summon to us at a moment’s
notice! _Menger_, Grundsätze, I, § 33. seq.
293 Thus in dangerous callings, as for instance, among soldiers and
sailors, there is very little saving. The same may be said of times
of plague. See _J. Rae_, New Principles on the Subject of Political
Economy, 1834.
294 That we keep our property under lock and key, while it was customary
in Plato’s time to seal it up, is in itself a great advance. See
_Becker_, Charicles, I, 202 seq. Earlier yet, artificial knots were
used. _Homer_, Odyss. VII, 443.
295 Compare _Hearne_, Reise, nach Prinzwalesfort, 43, 58, 119. _Barrow
von Sprengel_, 282. _Humboldt_, Relation historique, II, 245.
Ausland, 1844, No. 359; 1845, No. 84. _Stein-Wappüus_, Handbuch der
Geographie, I, 310. For proof that the clergy by preaching self
denial contributed largely to the creation of capital in the earlier
part of medieval history, see _Guórard_, Polyptiques d’Irminon
Préf., 13.
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