The Principles of Economics, with Applications to Practical Problems — John Shaqi
The Principles of Economics, with Applications to Practical ProblemsFetter, Frank A. (Frank Albert)
General
The Principles of Economics, with Applications to Practical Problems
Fetter, Frank A. (Frank Albert)
Economics
The various wants of man are sometimes classified as necessities,
comforts, and luxuries, but all economists take care to emphasize that
these terms have only relative meanings which, in the rapidly changing
conditions of modern life, are changing constantly. The comforts of one
generation, or of one country, become the necessities in another; and
luxuries becoming comforts, are looked upon finally as necessities. And
as the desires grow, they more and more alter the world. Man has changed
the face of the earth; he has affected its climate, its fertility, its
beauty, because, either for better or for worse, his desires have
impressed themselves upon the world about him.
[Sidenote: Wants must precede wealth]
5. _In human society the growth of wants is necessary to progress._ From
the earliest times teachers of morals have argued for simplicity of life
and against the development of refinements. We do not now raise the
moral question, but there is no doubt that the economic effect of
developing wants is in the main to impel to greater effort. They are the
mainspring of economic progress. In recent discussion of the control of
the tropics, the too great contentedness of tropical peoples has been
brought out prominently. Some one has said that if a colony of New
England school-teachers and Presbyterian deacons should settle in the
tropics, their descendants would, in a single generation, be wearing
breech-clouts and going to cock-fights on Sunday. Certain it is that the
energy and ambition of the temperate zone are hard to maintain in warmer
lands. The negro's content with hard conditions, so often counted as a
virtue, is one of the difficulties in the way of solving the race
problem in our South to-day. Booker T. Washington, and others who are
laboring for the elevation of the American negroes, would try first to
make them discontented with the one-room cabins, in which hundreds of
thousands of families live. If only the desire for a two- or three-room
cabin can be aroused, experience shows that family life and industrial
qualities may be improved in many other ways.
[Sidenote: But impossible hopes lessen gratifications]
Not only in America, but in most civilized lands to-day, is seen a rapid
growth of wants in the working-classes. The incomes and the standard of
living have become increasing, but not so fast as have the desires of
the working-classes. Regret has been expressed by some that the workers
of Europe are becoming "declassed." Increasing wages, it is said, bring
not welfare, but unhappiness, to the complaining masses. If discontent
with one's lot goes beyond a moderate degree, if it is more than the
desire to better one's lot by personal efforts, if it becomes an unhappy
longing for the impossible, then indeed it may be a misfortune. But a
moderate ambition to better one's condition is the "divine discontent"
absolutely indispensable if energy and enterprise are to be called into
being.
Public-domain text, read in full here on John Shaqi.
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