Principles of Political Economy, Vol. 2Roscher, Wilhelm
General
Principles of Political Economy, Vol. 2
Roscher, Wilhelm
Economics
[Footnote 196a-1: The same principle is effective in
intermediate commerce, and in the intervention of bankers
between government and state creditors.]
[Footnote 196a-2: This is much less the case in rents, for
the reason that contracts here are made for a much longer
term. Hence, here the farmer has as much to fear as to hope
from a change of circumstances. Hence, too, we meet with a
farmer who has grown rich much more seldom than with a
manufacturer or a merchant.]
[Footnote 196a-3: If an undertaker can cede his higher
reward to another and guaranty its continuance, the
circumstances which enable him to do this assume the nature
of fixed capital; for instance, the trade or _clientèle_
secured by custom or privilege. If the undertaker has not
the power to dispose of it in this way, the increased profit
either disappears with his retirement from the business or
falls to the owner of the capital employed, and still more
to the land owner. Thus, for instance, how frequently it has
happened that a store, which has been largely resorted to by
the public, drawn thither by the business tact of the
lessee, has afterwards been rented by the owner at a higher
rent! (_Hermann_, loc. cit. 210.)]
[Footnote 196a-4: _Lassalle's_ socialistic attacks on
Political Economy have been directed mainly against the
undertaker's profit or reward. Compare the work
"Bastiat-Schulze von Delitzsch, der ökonom. Julian oder
Kapital und Arbeit," 1863. By means of state credit, he
would have this branch of income turned over to common
labor. _Dühring_ also, Kapital und Arbeit 90, declaims not
so much against capital as against "the absolutism of
undertakers." _Schäffle_ D. Vierteljahrsschrift Nr. 106, II,
223, objects to this, that undertakers give value in
exchange to unfinished products, a great service rendered
even to the laboring class, who otherwise would have to
resign the advantages of the division of labor.
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