Principles of Political Economy, Vol. 2Roscher, Wilhelm
General
Principles of Political Economy, Vol. 2
Roscher, Wilhelm
Economics
One of the characteristics of this period is the endeavor to possess the
best quality of whatever is possessed at all, and to be satisfied with
less of it rather than purchase more of an inferior quality. This is,
essentially, to practice frugality, inasmuch as certain
production-services remain the same whether the commodity is of the best
or the worst quality, and that commodities of the best quality are more
superior to the worst in intrinsic goodness than they are in price. But
this course supposes a certain well-being already existing.
In this period, also, the luxury of the state is wont to take the
direction of those enjoyments which are accessible to all.[230-5]
[Footnote 230-1: Formerly the dress of citizens was a weak
imitation of the court costume: at present the reverse is
the case, and the court costume is only a heightening of the
citizen costume. Compare _Riehl_, Bürgerl. Gesellschaft,
191.]
[Footnote 230-2: _Helvetius_, De l'Homme, 1771. sec. VI, ch.
5.]
[Footnote 230-3: _J. B. Say_, Traité, II, 4; _Sismondi_, N.
P., IV, ch. 4. As early a writer as _Lauderdale_, Inquiry,
358 ff., thought the social leveling of modern times would
promote English industry. In the East Indies, on the other
hand, only the most expensive watches, rifles, candelabras
etc. were sold, because the nabobs were the only persons who
created any demand for European commodities (312 ff.). _Adam
Smith_, Wealth of Nat., II, ch. 3, draws a very correct
distinction between the luxury of durable goods and that of
those which perish rapidly; the former is less calculated to
impoverish an individual or a whole nation; and hence it is
much more closely allied to frugality. Similarly even
_Isocrates_, ad Niccol., 19; _Livy_, XXIV, 7; _Plin._, H.
N., XIII, 4; _Mariana_, 1598, De Rege et Regis Institutione,
III, 10; _Sir W. Temple_, Works, I, 140 seq., who found this
better kind of luxury in Holland: _Berkeley_, Querist, No.
296 ff.]
[Footnote 230-4: _Schmoller_, loc. cit., considers it no
favorable symptom, that in Prussia, between 1802 and 1867,
the per capita consumption of milk decreased and that of
wool increased. According to _L. Levi_, the consumption of
brandy in England decreased from 1854 and 1870, from 1.13 to
1.01 gallons per capita; but, on the other hand, the
consumption of malt increased from 1.45 to 1.84 bushels, and
the consumption of wine from 0.23 to 0.45 gallons. The
number of licenses to retail spirituous liquors was, in
1830, 6.30 per thousand of the population; in 1860-69, only
5.57. (Statist. Journal, 1872, 32 ff.)]
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