Principles of Political Economy, Vol. 1Roscher, Wilhelm
History
Principles of Political Economy, Vol. 1
Roscher, Wilhelm
Economics
which history had gathered together without understanding them. It is not
saying enough to remark that Adam Smith possessed a great variety of
historical information; we must add that he possessed the real historical
spirit.” Thanks to this eminent faculty of his, the Glasgow philosopher
acquired great influence over minds. In 1810, when the French empire had
reached the zenith of its greatness, Marwitz wrote: “There is a monarch as
powerful as Napoleon: Adam Smith.” We need not recall Turgot’s historical
researches.
Malthus’ chief title to distinction, his work on Population, is as much a
historical work as a politico-economical one; and it is not sufficiently
known that he was professor of history and Political Economy in the
college of the East India Company at Aylesbury.
We need say no more on this subject. The works of the other writers whom
we have mentioned are too well known to permit any one to think that they
excluded history and moral science from the study of Political Economy.
Hence the school which has risen up in Germany,(27) and which is
endeavoring to do for Political Economy what Savigny, Eichhorn, Schrader,
Mommsen, Rudorff, and so many other illustrious scholars have done for
jurisprudence, cannot be rightly accused of rashness. It has done nothing
but unfurl the noble banner borne by the most venerated masters of the
science.
VIII.
At the head of this school stands William Roscher, professor of Political
Economy at the University of Leipzig, whose excellent work, The Principles
of Political Economy, in which he follows _the historical method_, we have
just translated. William Roscher is (1857) scarcely forty years of age. He
was born at Hanover, October 21, 1817. His laborious and simple life is
that of a worthy representative of the science. “You ask me,” he wrote us
recently, “to give you some information concerning the incidents of my
life. I have, thank God, but very little to tell you. Lives whose history
it is interesting to relate are seldom happy lives.” He confined himself
to giving us a few dates which are, so to say, the landmarks of a career
full of usefulness. Roscher, from 1835 to 1839, studied jurisprudence and
philology at the universities of Göttingen and Berlin. The learned
teachers who exercised the greatest influence on his intellectual
development were the historians Gervinus and Ranke, the philologist K. O.
Müller and the Germanist Albrecht. It is easy to see that he went to a
good school, and that he profited by it. He was made doctor in 1838;
admitted in 1840 as _Privat-docent_ at Göttingen; appointed in 1843
professor extraordinary at the same university, and called in 1844 to fill
the chair of titular professor at Erlangen. Since 1848 he has acted in the
same capacity in the University of Leipzig, where he was for six years
member of the Poor Board, where he teaches also in the agricultural
college. His fame has grown rapidly. Many of the German universities have
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