Principles of Political Economy, Vol. 1Roscher, Wilhelm
History
Principles of Political Economy, Vol. 1
Roscher, Wilhelm
Economics
Before I close, I must refer to a possible objection which may be made to
historical or physiological Political Economy: that it may indeed be
taught, but that it cannot be a practical science. If it be assumed that
those principles only are practical, which may be applied immediately by
every reader, in practice, this work must disclaim all pretensions to that
title. I doubt very much if, in this sense, there is a single science
susceptible of a practical exposition.(181) Genuine practitioners, who
know life with its thousands of relations by experience, will be the first
to grant that such a collection of prescriptions, when the question is the
knowledge and guidance of men, would be misleading and dangerous in
proportion as such prescriptions were positive and apodictic, that is
non-practical and doctrinarian.
Our endeavor has been, not to write a practical book, but to train our
readers to be practical. To this end, we have sought to describe the laws
of nature which man cannot control, but, at most, only utilize. We call
the attention of the reader to the different points of view, from which
every economic fact must be observed, to do justice to every claim. We
would like to accustom the reader, when he is examining the most
insignificant politico-economical fact, never to lose sight of the whole,
not only of public economy but of national life. We are very strongly of
the opinion, that only he can form a correct judgment and defend his views
against all objections, on such questions as to where, how and when
certain liens and charges, monopolies, privileges, services etc., should
be abolished, who fully understands why they were once imposed or
introduced. Especially, do we not desire to impress a certain number of
rules of action on those who have confided themselves to our guidance,
after having first demonstrated their excellence. Our highest ambition is
to put our readers in a way to discover such rules of direction for
themselves, after they have conscientiously weighed all the facts,
untrammeled by any earthly authority whatever.(182)(183)
Book I.
THE PRODUCTION OF GOODS.
Chapter I.
Factors Of Production.
Section XXX.
Meaning Of Production.
To create new matter is more than it is given to man to do. Hence, by the
term production, in its widest sense, we mean simply the bringing forth of
new goods—the discovery of new utilities, the change or transformation of
already existing goods into new utilities,(184) the creation of means for
the satisfaction of human wants, out of the aggregate of matter originally
present in the world. (_Producere!_) We confine ourselves, however, in
this to economic goods, as defined in § 2. In a secondary and more limited
sense, production is an increase of resources, in so far as the goods
produced satisfy a greater human want, than those employed in the
production itself.(185)(186)(187)
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