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By David McLellan (eds.)

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Or, it is said, the various factors are not grasped in their unity. As though it were the textbooks that impress this separation upon life and not life upon the textbooks; and as though the subject at issue were a dialectical balancing of conceptions and not an analysis of real conditions. a. Production Is at the Same 7',ime Also Consumption Twofold consumption, subjective and objective. The individual who develops his faculties in production is also expending them, consuming them in the act of production, just as procreation is a consumption of vital powers.

The Germanic barbarians, for whom agriculture carried on with the aid of serfs was the traditional system of production and who were accustomed to a lonely life in the country, could introduce the same conditions in the Roman provinces so much the more easily since the concentration of landed property which had taken place there did away completely with the older systems of agriculture. There is a prevalent tradition that in certain periods robbery constituted the only source of living. e. there must be production.

To be sure tlus is a connection, but it does not go very deep. Production is determined according to the economists by universal natural laws, while distribution depends on social chance: distribution can, therefore, have a more or less stimulating efl"ect on production: exchange lies between the two as a formal social movement, and the final act of consumption, which is considered not only as a final purpose but also as a final aim, falls properly outside the scope of economics, except in so far as it reacts on the starting point and causes the entire process to begin all over again.

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