Note A3-4-1 — Chapter III

List, Nationales System der polit. Oekonomie, kap. 12, contrasts two owners of estates, each of whom has five sons, and can save 1,000 thalers a year. The one brings his sons up as tillers of the ground (Bauern = peasants) and puts his savings out at interest. The other, on the contrary, has two of his sons educated as rational (rationelle) agriculturists, and the others as intelligent industrial workers, and at a cost which prevents the possibility of his accumulating any more capital. Which of the two has cared better for the standing, wealth, etc. of his posterity; the adherent of the "theory of exchangeable values" or the adherent of the doctrine of "the productive forces?"