Principles of Political Economy, Vol. 1Roscher, Wilhelm
History
Principles of Political Economy, Vol. 1
Roscher, Wilhelm
Economics
_ 323 Bacon_ had already said of the nobility, clergy and literateurs:
_sorti reipublicæ nihil addunt_ (Serm., 15, 29); in opposition to
which, _Hobbes_ justly remarks, that even human labor may, like
other things, be exchanged against goods of all sorts. (Leviathan,
24.) In the work, Discourse of Trade, Coyn and Credit, p. 44 ff.,
and p. 156, the absolute necessity of “head-work” as well as bodily
labor, is conceded; but it is insisted that physicians, clergymen
and jurists can never enrich a country, and that a relatively large
number of them would even conduce to national poverty. (See
_Roscher_, Geschichte der englischen Volkswirthschaftslehre, 138.)
_David Hume_ considers merchants as productive, but says that a
doctor or lawyer can grow rich only at the expense of some one else.
(Discourses, No. 4, On Interest.) _Ferguson_ very cleverly compares
such a valuation of national wealth to that of a miser. Hist. of
Civil Society, VI, I.
324 Similarly _Lauderdale_, Inquiry, 355; _Lotz_, Handbuch der
Staätswirthschaft, I, § 39, and _Rau_, Lehrbuch I, § 195, concede
only indirect productiveness to commerce. It may be shown, in a
great many instances, that such productiveness exists side by side
with direct productiveness, on account of the thousand ways in which
all economic threads are interwoven with one another. Thus _Paley_
remarks in his work on the Principles of Morals and Politics, that a
tobacco manufacturer even may contribute indirectly to the
cultivation of grain; an actor, to industry etc.
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