Principles of Political Economy, Vol. 1Roscher, Wilhelm
History
Principles of Political Economy, Vol. 1
Roscher, Wilhelm
Economics
The public economy of a people has its origin simultaneously with the
people. It is neither the invention of man nor the revelation of God. It
is the natural product of the faculties and propensities which make man
man.(125) Just as it may be shown, that the family which lives isolated
from all others, contains, in itself, the germs of all political
organization,(126) so may it be demonstrated, that every independent
household management contains the germs of all politico-economical
activity. The public economy of a nation grows with the nation. With the
nation, it blooms and ripens. Its season of blossoming and of maturity is
the period of its greatest strength, and, at the same time, of the most
perfect development of all its more important organs.(127) In respect to
it, the economic endeavors of any epoch may be said to be represented by
two great parties, the one progressive, the other, conservative. The
former would hasten the period of the nation’s richest and most varied
development, the latter postpone its departure as long as possible; and
hence it comes, that a people’s economic decline is sometimes taken for
progress, by the former class, and their progress for decline, by the
latter. As a rule, the union and equilibrium of these parties are wont to
be the greatest at the period of maturity, because, then, intelligence and
the spirit of sacrifice for the common good are most general.(128)
Finally, the public economy of a nation declines with the people.
(_Infra_, § 263 ff.)
Section XV.
Diseases Of The Social Organism.
If the public economy of a people be an organism, we must expect to find
that the perturbations, which affect it, present some analogies to the
diseases of the body physical. We may, therefore, hope to learn much that
may be of use in practice, from the tried methods of medicine.(129) In the
diseases of the body economic, it is necessary to distinguish accurately,
between the nature of the disease and its external symptoms, although it
may be necessary to combat the latter directly, and not merely with a view
to alleviation. Following the example of the physician, we should
particularly direct our attention to the curative method which nature
itself would pursue, were art not to intervene. “The curative power of
nature is no peculiar power; it is the result of a series of happy
adjustments, by means of which the morbid perturbation itself sets in
motion the springs which may either destroy the evil or paralyze its
action. It is, in fact, nothing but the original power which formed the
body and preserves its life in contact with the external causes of
perturbation and the internal disorder provoked by these causes.”
(_Ruete._)
Chapter II.
Position Of Political Economy In The Circle Of Related Sciences.
Section XVI.
Political Or National Economy.
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