Principles of Political Economy, Vol. 2 — John Shaqi
Principles of Political Economy, Vol. 2Roscher, Wilhelm
General
Principles of Political Economy, Vol. 2
Roscher, Wilhelm
Economics
_Baumstark_ very correctly says: "Rent rises, not because
new capital has been invested, but when the circumstances of
trade make a new addition to capital possible."
(Volkswirthschaftliche Erläuterungen über Ricardo's System,
1838, 567.) _Fuoco's_ Nuova Teoria della Rendita, Saggi
economici, No. 1, is nothing but an Italian version of the
doctrines of Malthus and Ricardo. The greater number of
anti-Ricardo theories of rent have originated from the rapid
and apparently unlimited growth of national husbandry in
recent times. Thus it is a fundamental thought in
_Rodbertus_, Sociale Briefe, 1851, No. 3, that an increase
of the price of corn need not attend an increase of
population, either uniformly or necessarily. According to
_Carey_, The Past, the Present and the Future, ch. 1, 1848,
the most fertile land is last brought under cultivation,
because it is covered with swamps, forests, etc.; and
because it offers greater resistance to the work of the
agriculturist, by reason of its luxurious vegetation. The
more elevated lands are first cultivated which present fewer
obstacles to cultivation on account of their dryness, their
thinner crust, etc. Carey generalizes this and thinks he has
reversed the _Ricardo_ law of rent! He overlooks entirely
that _Ricardo_ speaks only of the original powers of the
soil. Now a swampy land which must be dried at the expense
of a great deal of labor, possesses less of these original
powers than a sandy soil which may be sown immediately. See
_Carey_, Essay on the Rate of Wages, 232 ff., and the
lengthy exposition of the same doctrine rank with inexact
natural science and unhistorical history in the same
author's Principles of Social Science, 1858, vol. I.
There is this much truth, however, in Carey's error that,
with increasing economic progress, the superiority not only
of situation, relatively to the market, but also of natural
fertility, may of itself go over to other lands. Thus, for
instance, the ancient Slaves used clay soil everywhere as
pasturage, and cultivated the sandy soil, because their
pick-axes could overcome the resistance only of the latter.
_Langethal_, Geschicte der deutschen Landw., II, 66;
_Waitz_, Schlesw. Holstein, Gesch., I, 17. Similarly in
Australia: _Hearne_, Plutology, 1864. Compare, _Roscher_,
Nationalökonomik des Ackerbaues, § 34. The word fertility
should not be taken too exclusively in its present
agricultural sense. In a lower stage of civilization, the
facility of military defense or the _ut fons, ut nemus
placuit_--_Tacit._, Germ., 16--may have more weight.
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