Principles of Political Economy, Vol. 2Roscher, Wilhelm
General
Principles of Political Economy, Vol. 2
Roscher, Wilhelm
Economics
[Footnote 230-5: Compare _Cicero_, pro Murena, 36. The
Athenians under Pericles, in times of peace, spent more than
one-third of their state-income on plastic and architectural
works of art. The annual state-income amounted to 1,000
talents (_Xenoph._, Exp. Cyri, VII, 1, 27), while the
propylea alone cost, within 5 years, 2,012 talents.
(_Böckh_, Staatsh., I, 283.) On the other hand,
_Demosthenes_ complains of the shabbiness of public
buildings, and the magnificence of private ones in his time.
(adv. Aristocr., 689, Syntax., 174 seq.)
_Demetrius Phalereus_ blames even Pericles, on account of
his extravagance on the propylea, although Lycurgus had
been, not long before, addicted to luxury after the manner
of Pericles. (_Cicero_, De Off., II, 17.)]
SECTION CCXXXI.
THE ADVANTAGES OF LUXURY.
The favorable results which many writers ascribe to luxury in general
are true evidently only of this period. And thus luxury, inasmuch as it
is a spur to emulation, promotes production in general; just as the
awarding of prizes in a school, although they can be carried away only
by a few, excites the activity of all its attendants. A nation which
begins to consume sugar will, as a rule, unless it surrenders some
previous enjoyment, increase its production.[231-1] In countries where
there is little or no legal security, in which, therefore, people must
keep shy of making public the good condition they are in, this
praise-worthy side of luxury is for the most part wanting.[231-2]
All rational luxury constitutes a species of reserve fund for a future
day of need. This is especially true of these luxuries which take the
form of capital in use (_Nutzkapitalien_.) Where it is customary for
every peasant girl to wear a gold head-dress,[231-3] and every
apprentice a medal, a penny for a rainy day is always laid by among the
lower classes. The luxury which is rapidly consumed has a tendency in
the same direction. Where the majority of the population live on
potatoes, as in Ireland, where, therefore, they are reduced to the
smallest allowance of the means of subsistence, there is no refuge in
case of a bad harvest. A people on the other hand, who live on wheat
bread may go over to rye bread, and a people who live on rye bread to
potatoes. The corn that in good years is consumed in the making of
brandy may, in bad years, be baked into bread.[231-4] And the oats
consumed by horses kept as luxuries may serve as food for man.
Pleasure-gardens (_Lustgärten_) may be considered as a kind of last
resort for a whole people in case of want of land.[231-5] [231-6]
[Footnote 231-1: Compare _Benjamin Franklin's_ charming
story, Works I, 134 ff.; ed. Robinson. _Colbert_ recommended
luxury chiefly on account of its service to production.]
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