Principles of Political Economy, Vol. 1Roscher, Wilhelm
History
Principles of Political Economy, Vol. 1
Roscher, Wilhelm
Economics
But if tradesmen really earned, in the value of their products, only what
they had consumed during their labor, it would be difficult for them to
find employers to provide them with capital. Everyone will acknowledge,
that a Thorwaldsen and an ordinary stone-cutter, with the same block of
marble, the same implements, the same food, would necessarily, after the
same time, turn out exceedingly different values.(314) And, even in the
case that industry should add to the raw material only precisely the same
amount of value as had been consumed by the workmen, can it be said that
the work ceases to be productive simply because it is consumed by the
workmen themselves? If that were so, agriculture even, would, in most
countries with a low civilization, be unproductive.(315)
Commerce, according to the theory of the Physiocrates, only transfers
already existing wealth from one hand to another. What the merchants gain
by it is at the cost of the nation. Hence, it is desirable that this loss
should be as small as possible. Hence sterility!(316) But, the more
important branches of business, especially wholesale trade, are connected
with a transportation of goods (_Verri_), either from one place or from
one period of time, into another. Here the genuine merchant speculates
essentially on the difference of the values in use which are afterwards
greater than before.(317) The ice shipped yearly from Boston to tropical
lands met a much more urgent and wide-spread want there than it would if
it had remained at home. And thus the storage of grain in large quantities
after a bountiful harvest withdraws, indeed, an object of enjoyment from
the consumption of the people; but its sale, after a bad harvest,
undoubtedly increases their enjoyment in a much greater degree than it was
before diminished. Besides, the condition of both parties to the contract
is usually improved in all normal trade. (_Condillac._)(318) No one parts
with exchangeable goods unless they are of less use to him than the ones
he receives in return.(319) And so, the value in use of a nation’s
resources is really increased by commerce. To the other attributes of
goods it adds one of the principal conditions of all use, accessibility
(_Kudler_), with which it either newly endows them, or which it increases
in degree. To this end, the merchant makes use of tools, just as the
manufacturer does. What spinning-wheels, looms and workshops are to the
latter, ships, warehouses, cranes etc., are to the former. If production
be not complete until the thing produced is made fit for its last end,
consumption, commerce may be looked upon as the last link in the chain of
productive labor. It, at the same time, constitutes a series of
intermediate links; as without it no division of labor is possible, and
without a division of labor, no higher economic productiveness.(320) How
commerce may increase the value in exchange of goods, and without in any
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