Principles of Political Economy, Vol. 2Roscher, Wilhelm
General
Principles of Political Economy, Vol. 2
Roscher, Wilhelm
Economics
Productive consumption is ultimately a stage of production,
just as production itself is ultimately a means to an end,
consumption, and therefore a preparation for the latter.
Both ideas may be rigorously kept apart from each other,
just as the expenses and receipts of a private business man,
who makes a great portion of his outlay simply with the
intention of reaping receipts therefrom, may be. Every one
desires his production to be as large as possible, and his
productive consumption, so far it does not fail of its
object, as small as possible. _Riedel_ rightly says that the
theory of reproductive consumption serves Political Economy
as the bridge which closes the circle formed by the action
of production, distribution and consumption. (Nat. Oek. III,
49.) One of the chief fore-runners of the view we advocate
was _McCulloch_, Principles, IV, 3 ff. _Gr. Soden_, Nat.
Oek., distinguishes economic consumption, un-economic and
anti-economic consumption. (Nat. Oek., I, 147.)]
SECTION CCXIII.
EQUILIBRIUM BETWEEN PRODUCTION AND CONSUMPTION.
In all cases economic production is a means to some kind of consumption
as its end.[213-1] The sharpest spur to productive activity is the
feeling of want.[213-2] "Want teaches art, want teaches prayer, blessed
want!" Well too has it been said: "Necessity is the mother of
invention!" Leaving mere animals out of consideration,[213-3] those men
who experience very few wants, with the exception of some rare and
highly intellectual natures, prefer rest to labor. Therefore, when
European merchants desire to engage in trade with a savage nation they
have uniformly to begin by sending them their nails, axes,
looking-glasses, brandy, etc., as gifts. Not until the savage has
experienced a new enjoyment does the want of continuing it make itself
felt; or is he prepared to produce for purposes of commerce.[213-4] In a
state of normal development, the complete and continuing satisfaction of
the coarser wants should constitute the foundation for the
higher.[213-5]
[Footnote 213-1: We should not, indeed, say, on this
account, with _Adam Smith_, IV, ch. 8, that "consumption is
the sole end and purpose of all production," for labor and
saving, besides their economic object have a higher one,
imperishable and personal. Compare _Knies_, Polit. Oek. 129,
and _supra_, § 30.]
[Footnote 213-2: According to _Sir F. M. Eden_, State of the
Poor, I, 254, it is one of the most unambiguous symptoms of
advanced civilization when families eat regularly at the
same table; so also sleeping in real beds. "Bed and board!"
It is said that the regularity of meal times was introduced
among the Greeks by Palamedes. _Athen._ I, 11, after
_Æschylus_.]
[Footnote 213-3: Hibernating animals have supplies and
dwellings, that is something analogous to capital.]
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