Principles of Political Economy, Vol. 1Roscher, Wilhelm
History
Principles of Political Economy, Vol. 1
Roscher, Wilhelm
Economics
Section XXII.
Former Methods.
The methods(159) which would apply to any science of national life,
principles borrowed from any other science, are now generally looked upon
as obsolete. This is true, especially, of the theological method which
prevailed, almost exclusively during the middle ages,(160) and of the
juridical method of the seventeenth century.
It would be much more in harmony with the intellectual tendencies of the
time, to adopt a mathematical mode of treatment in Political Economy,
involving, as such a mode of treatment does, not the matter of the
science, but only a formal principle. That which is general in Political
Economy has, it must be acknowledged, much that is analogous to the
mathematical sciences. Like the latter, it swarms with abstractions.(161)
Just as there are, strictly speaking, no mathematical lines or points in
nature, and no mathematical lever, there is nowhere such a thing as
production or rent, entirely pure and simple. The mathematical laws of
motion operate in a hypothetical vacuum, and, where applied, are subjected
to important modifications, in consequence of atmospheric resistance.
Something similar is true of most of the laws of our science; as, for
instance, those in accordance with which the price of commodities is fixed
by the buyer and seller. It also, always supposes the parties to the
contract to be guided only by a sense of their own best interest, and not
to be influenced by secondary considerations. It is not, therefore, to be
wondered at, that many authors have endeavored to clothe the laws of
Political Economy in algebraic formulæ.(162) And, indeed, wherever
magnitudes and the relations of magnitudes to one another are treated of,
it must be possible to subject them to calculation. Herbart has shown that
this is so in the case of psychology;(163) and all the sciences which
treat of national life, especially our own, are psychological.(164) But
the advantages of the mathematical mode of expression diminish as the
facts to which it is applied become more complicated. This is true even in
the ordinary psychology of the individual. How much more, therefore, in
the portraying of national life! Here the algebraic formulæ would soon
become so complicated, as to make all further progress in the operation
next to impossible.(165) Their employment, especially in a science whose
sphere it is, at present, to increase the number of the facts observed, to
make them the object of exhaustive investigation, and vary the
combinations into which they may be made to enter, is a matter of great
difficulty, if not entirely impossible.(166) For, most assuredly, as our
science has to do with men, it must take them and treat them as they
actually are, moved at once by very different and non-economic motives,
belonging to an entirely definite people, state, age etc. The abstraction
according to which all men are by nature the same, different only in
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