Principles of Political Economy, Vol. 1Roscher, Wilhelm
History
Principles of Political Economy, Vol. 1
Roscher, Wilhelm
Economics
If, by the public economy of a nation, we understand economic legislation
and the governmental guidance or direction of the economy of private
persons,(138) the science of public economy becomes, so far as its form is
concerned, a branch of political science, while as to its matter, its
subject is almost coincident with that of Political Economy. Hence it is,
that so many writers use the terms public economy, or the economy of the
state (_Staatswirthschaft_), and National Economy (_Volkswirthschaft_), as
synonymous.(139) The hypothesis, in accordance with which, this science
should discard all consideration of the state, or should refuse to
presuppose its formation,(140) would lead us into an ideal region,
difficult to define, probably entirely impossible, and inaccessible to
experience.
Just as clear, is the close connection between politics and Political
Economy, in the case of the science of finance, or of the science of
governmental house-keeping, otherwise the administration of public
affairs. The latter, evidently, so far as its end is concerned, belongs to
politics, but so far as the means to that end are concerned, to National
Economy. As the physiologist cannot understand the action of the human
body, without understanding that of the head; so we would not be able to
grasp the organic whole of national economy, if we were to leave the
state, the greatest economy of all, the one which uninterruptedly and
irresistibly acts on all others, out of consideration.(141)
By the term _police_, we mean the state power whose office it is, without
mediation, to prevent all disturbances of external order among the
people.(142) It may extend its action into all the domains of national
life mentioned above, whenever external order is there threatened, or
calls for protection; but its action is important especially in the
domains of law and economy. The science of the _police power_, therefore,
of all those doctrines resulting from investigation into national life,
takes up only one phase of each of them; and the phases of doctrine thus
taken up, it combines into a whole, for practical ends. Its relation to
those sciences is like that of surgery to the medical sciences, or like
the science of legal procedure to the science of law.
Section XVIII.
Sciences Relating To National Life.—Statistics.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account