Principles of Political Economy, Vol. 2Roscher, Wilhelm
General
Principles of Political Economy, Vol. 2
Roscher, Wilhelm
Economics
Hence _Engel_ thinks that when the articles of food,
clothing, shelter, heating and lighting have become dearer
by 50 per cent., and other wants have not, and it is desired
to proportionately increase the salaries of officials,
salaries of 300, 600 and 1,000 thalers should be raised to
427.5, 800 and 1,275 thalers respectively. (Preuss. Statist.
Zeitschr., 1875.) _E. Herrmann_, Pricipien der Wirthsch.,
106, estimates that in all Europe, 45.6 of all consumption
is for food, 13.2 for clothing, 5.7 for shelter, 4.6 for
furnishing, 5.3 for heating and lighting, 2.6 for tools and
utensils, 13.3 for public security, 6.6 for purposes of
recreation. Compare _Leplay_, Les Ouvriers Européens, 1855,
and _v. Prittwitz_, Kunst reich zu werden, 487 ff. The
expenses for shelter, service and sociability are specially
apt to increase with an increase of income.]
[Footnote 214-8: The necessity of an equilibrium between
production and consumption was pretty clear to many of the
older political economists. Thus, for instance, _Petty_
calls the coarse absence of the feeling of higher wants
among the Irish the chief cause of their idleness and
poverty. Similarly _Temple_, Observations on the N.
Provinces, ch. 6, in which Ireland and Holland are compared
in this relation. _North_, Discourses upon Trade, 14 seq.;
Potscr. _Roscher_, Zur Geschichte der english.
Volswirthschaftslehre, 83, 91, 127 ff. _Becher_, polit.
Discurs., 1668, 17 ff., was of opinion that the principal
cause keeping the three great estates together, the very
soul of their connection, was consumption. Hence the peasant
lived from the tradesman, and the tradesman from the
merchant. (_Boisguillebert_, Détail de la France, I, 4, II,
9, 21.) According to _Berkeley_, Querist, No. 20, 107, the
awakening of wants is the most probable way to lead a people
to industry. And so _Hume_, loc. cit., _Forbonnais_,
Eléments du Commerce, I, 364. The Physiocrates were in favor
of active consumption. Thus _Quesnay_, Maximes générales, 21
seq.; _Letrosne_, De l'Interêt social, I, 12. _La
reproduction et la consommation sont rêciprocquement la
mesure l'une de l'autre._ Some of them considered
consumption even as the chief thing (_Mirabeau_, Philosophie
rurale, ch. 1), which could never be too great. Further,
_Verri_, Meditazioni, I, 1-4. _Büsch_, Geldumlauf, III, 11
ff.
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