wunder · Library

SECTION CCVIII.. Nature and Kinds of Consumption.--Notional Consumption.

Principles of Political Economy, Vol. 2 · Wilhelm Roscher — chapter 66 of 143 · ~348 words · public domain

Read in the Wunder reader — free

NATURE AND KINDS OF CONSUMPTION.--NOTIONAL CONSUMPTION.

By the notional consumption (Meinungsconsumtion), as Storch calls it, operated by a change of fashion, many goods lose their value, without as much as suffering the least change of form or leaving the merchant's shop. This kind of consumption, too, is exceedingly different in different nations. Thus, in Germany, for instance, fashions are much more persistent than in France.[208-1] In the most flourishing times of Holland, only noblemen and officers changed with the fashions, while the merchants and other people wore their clothes until they went to pieces.[208-2] In the East, fashions in clothing are very constant;[208-3] but the expensive custom there prevails, for a son, instead of moving into the house occupied by his father, to let it go to ruin, and to build a new one as a matter of preference. The same is true even in the case of royal castles. Hence, in Persia, most of the cities are half full of ruins, and are in time moved from one place to another.[208-4]

The national income of a country is, on the whole, much less affected by a change of fashion than the separate incomes of its people. The same whim which lowers the value of one commodity increases the value of another; and what has ceased to be in fashion among the rich, becomes accessible, properly speaking, to the poorer classes of the community for the first time.[208-5] The want of varying his enjoyments is so peculiar to man, and so intimately connected with his capacity for progress, that it cannot in itself be blamed. But if this want be immoderately yielded to, if the well-to-do should despise every article which has not the charm of complete novelty, the advantages of the whole pattern-system, by means of which the preparation of a large number of articles from the same model at a relatively small cost, would be lost. Besides, fashion, which makes production in large quantities, for the satisfaction of wants that are variable and free, possible, frequently means even a large saving in the cost of production.[208-6]

← Previous chapterAll chaptersNext chapter →

Principles of Political Economy, Vol. 2 · The Wunder Library — complete classics, free to read, with narration.

© 2026 Wunder Learning LLC · Terms & Privacy