Principles of Political Economy, Vol. 1Roscher, Wilhelm
History
Principles of Political Economy, Vol. 1
Roscher, Wilhelm
Economics
What is there that political economists have not been charged with? They
have been accused, above all, of a cold heartedness and cruelty, and the
sentence passed on them has been resumed in these words: “Political
Economy has no bowels!” Indeed, the representative of the science, who has
been most attacked and who has been held up as a picture of impassible
insensibility; on whom have been heaped the most bloody outrages, is
Malthus. Let us hear him. He tells us in his work on Political Economy,
that if a country had no other means to grow rich, except by seeking for
success in the struggle with other countries, at the cost of a reduction
of the wages of labor, he would unhesitatingly say: Away with such riches;
that it is much to be desired that the working classes should be well
remunerated, and this for a reason much more important than all the
considerations relating to wealth; that is, the happiness of the great
mass of society. And he goes on to say, that he knows nothing more
detestable than the idea of knowingly condemning the laboring classes to
cover themselves with rags, to lodge in wretched huts, to enable us to
sell a few more stuffs and calicoes to foreign countries. Certain it is,
that no defender, however determined, of the laboring classes, has said
anything stronger or more deeply felt. The reason is, that nothing was
more foreign to Malthus’ ideas than the systematic rigidity of
mathematical theories of wealth; that, a minister of the Gospel, he had
meditated on its high precepts. His whole doctrine is based on the moral
idea. “He was profoundly convinced that there are principles in Political
Economy which are true only in as far as they are restricted within
certain limits. He saw the principal difficulty of the science in the
frequent combination of complicated causes, in the action and reaction of
causes on one another, and in the necessity of setting limits or making
exceptions to a great number of important propositions.” Here we are ever
brought back to the undulating ground of living science, instead of having
to follow the rectilineal way traced out by the dead letter. We are always
driven back, whatever may be pretended to the contrary, to the realities
of which history alone possesses the secret. The idea of wealth cannot
absorb everything when there is question of judging and enlightening men.
To do this, it is necessary to know the various phases of social
housekeeping, what nations have thought of economic interests which have
never ceased to interest them greatly, what they have attempted and what
they have attained.
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