Principles of Political Economy, Vol. 1Roscher, Wilhelm
History
Principles of Political Economy, Vol. 1
Roscher, Wilhelm
Economics
We have spoken of the moral law; and, indeed, in our opinion, it is
impossible to banish it from the domain of public economy. Any other point
of view seems to us too narrow. And when we see eminent men go astray in
the pursuit of an ideal which fails to take the human soul into account,
and which finds nothing but equations where there are feelings and ideas,
we cannot help thinking that they are unfaithful to the thought of the
founder of the science, Adam Smith. Man is not simply a piece of
machinery. He does not blindly submit to external impulse. Rather is he
himself, the greatest of impulses. But to govern things, he must first
learn to conquer himself. Personal interest is the powerful motive which
he obeys. Man does not live alone, in a state of isolation, in the world.
_Væ soli!_ He lives in society and profits by the relations which he forms
with other beings, intelligent like himself, and for whom he has a natural
feeling of sympathy.
The good that comes to them yields satisfaction to him, and the evil that
befalls them falls on him likewise. He cannot turn back entirely upon his
own personality. Besides his own interest, he feels and shares another
interest—the interest of all. Personal interest is perfectly legitimate.
The love of self cannot be condemned. The Savior himself has enjoined us
to love our neighbor as ourselves. To love him more than ourselves is a
very high and beautiful virtue. It is the self-abnegation which inspired
Christian heroes. But heroism is rare, and cannot be imposed, nor taken,
as a rule. Personal interest is a powerful stimulant, and the superior
harmony of social relations makes it contribute to the general good.
What must be condemned is a fatal deviation of this sentiment which
destroys its effect and narrows its actions. What we need to prevent is
the degeneration of personal interest into an egotism which parches,
instead of fertilizing, and which compromises the future by the exclusive
search after present advantage; for egotism is short-sighted. On the other
hand, the broader and more generous feeling which inclines us to
sympathize with our fellow beings in their sorrows, and to unite our
destiny to theirs; that is, the feeling of the general interest, has a
limit too.
It would be falsified if it absorbed the individual; if it destroyed the
most powerful motive-force by drying up the abundant source of activity;
if it attacked moral energy by enervating responsibility; if it extended
the circle of results obtained to such an extent that scarcely any one
should feel the rebound.
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