Principles of Political Economy, Vol. 1Roscher, Wilhelm
History
Principles of Political Economy, Vol. 1
Roscher, Wilhelm
Economics
330 Besides the above, see _Gioja_, N. Prospetto, I, 246 ff.;
_Scialoja_, 42; _J. B. Say_, Traité, I, ch. 2; _Hufeland_, N.
Grundlegung, I, 42, 54; _Gr. Soden_, Nat. Œkonomie, I, 142 ff.
_Hermann_, St. Untersuchungen, 20 ff., distinguishes three
politico-economical points of view; that of the producer, that of
the consumer, and that of the whole nation’s economy. The producer
calls his labor productive, in case he receives back his outlay of
capital with the rate of profit usual in the trade of the country.
To this point of view, therefore, every service which is paid for,
according to wish, seems productive. On the other hand, the consumer
ascribes productiveness to all those kinds of labor the achievements
of which he may use, and which he can obtain at a convenient price.
Whenever, therefore, he pays for a service voluntarily, he
acknowledges its productiveness. Lastly, from a national-economical
point of view, all labor is considered productive which increases
the quantity of goods exposed for sale in the market; and this,
personal services do. The technic productiveness, which depends on
the execution of the technic ideas floating before the mind of the
workman, must be distinguished from this economic productiveness. It
is possible that, technically labor may be very productive, and yet
cause economic loss; for instance, the fine arts and the so-called
master pieces of the trades! See _Seneca_, De Benef., II, 33. _H._
(33) furnishes a very good refutation of the doctrine that a great
deal depends on whether the labor has been paid from capital or from
income. _Eiselen_, Volkswirthschaft (1843), 27 ff., remarks, that
the laborer, for instance, who grows corn, must besides look after
his health and the preservation of his house; this is a part of his
necessary aggregate labor. Why, then, should it be called
unproductive when such secondary labor is performed by particular
persons? Otherwise the farmer would have no time whatever for his
principal business! Edinburgh Review, 1804, IV, 343 ff.;
_Wakefield_, An Essay upon Political Economy, 1804, who is concerned
mainly with the theory of the productiveness of labor. _L.
Lauderdale_ says, that when the nation’s wealth is estimated
according to its value in use, all useful labor is productive; and
that when estimated according to its value in exchange, all labor
that is paid is productive. (Inquiry, ch. 3.) _Stein_ (Lehrbuch, 68;
Tüb. Zeitschr., 1868, 230) conditions the notion of productiveness
by the presence of a superfluity of values. But, it may be asked,
does a family, which does no more than support itself, labor
unproductively? (Compare, however, § 30.) _J. S. Mill_ took a
surprisingly retrograde step in the doctrine on this point, in his
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