Showing posts with label Goethe and Money. Show all posts
Showing posts with label Goethe and Money. Show all posts

Thursday, June 20, 2019

Goethe scribblings

Notgeld Weimar 1921
I came across an old notebook and going through it came across all matter of notes on Goethe and many other subjects. Let me note some of what I wrote concerning Goethe's finances, often only a few lines from a scholarly article. (I have written on Goethe and money a couple of times: in 2008; and in 2015).

For instance, of an article by Dieter Hein on Goethe's "Haushaltsführung," I noted that Goethe was in the 8.2 percent of Weimar taxpayers who had a yearly income of ca. 4000 talers in 1820. By then, he was drawing considerable honoraria from publishing. From a book entitled Goethe und das Geld: Der Dichter und die moderne Wissenschaft (an edited volume by Vera Hierholzer and Sandra Richter), I noted Goethe's ambivalent relationship with Bertuch, whose activities employed between 100 and 150 persons, supporting 10 percent of Weimar's population (including families of employees).

Jochen Klauß, in Goethe und Geld: Goethes Finanzen, mentioned that Goethe's negotiations, from 1827, with publishers, especially Cotta re his Ausgabe letzter Hand, reveal a hard-headed bargainer and an understanding of his commercial worth. According to Klauß, Goethe received in 1816 a yearly honorarium of 3000 talers, corresponding to 20 years of his annual salary of 3,100 talers, what today would be worth 2.5 milion Euro: "etwa das Doppelte von dem, was für den Literatur-Nobelpreis vergeben wird."

Wednesday, February 11, 2015

Goethe and money


Every now and then while reading Safranski's biography of Goethe, I have to laugh out loud. Such was my reaction today when I learned that Goethe made a 100 Thaler bet in the Hamburg Lottery in May 1797; the main prize was an estate (Landgut) in Silesia. The numbers he chose included, among other calculations, his own and Schiller's birth dates. As Safranski writes, "er zog eine Niete." The next year Goethe purchased a property in Oberroßla, 10 km northeast of Weimar. Five years later, he was glad to be get rid of it at a loss.

I have posted on the subject of Goethe and money before, long ago, in fact, in 2008. Back then my focus was on what the possession of money allowed Goethe to do and enjoy. He was the recipient of a considerable inheritance, accumulated by his grandfather. While his father did not deplete the fortune, he lived off the income from that legacy, somewhat like the landed gentry portrayed in Jane Austen's novels. Goethe's expenditures in Weimar, as he sank roots there, became considerable. Like his father, he kept an accurate record of his financial outlays. In his last decades, one can see that he enjoyed good food and good wines.

I came across a post today on a site called Brain Pickings, which aims to tell readers "What Goethe can teach us about cultivating a healthy relationship with our finances." The blogger draws on a book How to Worry Less About Money, by John Armstrong, "philosopher-in-residence" at Melbourne's Business School. Armstrong earlier wrote a book (Love, Life, Goethe: Lessons of the Imagination from the Great German Poet, 2006) that I reviewed, negatively, in volume 15 of Goethe Yearbook. It is a bit tiring to return to Goethe on the subject of life lessons, but here I go again.

Life lessons from Goethe
The Brain Pickings' blogger, Maria Popova, has many musings on how to have a "healthy relationship" with finances, focusing on our emotional problems with money. For most people, I would hazard that their worries about money are very existential: they don't have enough to pay their bills, in contrast to Goethe, who never feared the loss of a roof over his head. Thus, her advice is for people who have enough. She quotes from Armstrong's new book to demonstrate Goethe correct relationship:

"From his many writings about his own experiences, we know that he was determined to get well paid for his work. He came from a well-off background but sought independence. He switched careers, from law to government adviser so as to be able to earn more (which made sense then; today the trajectory might be in the opposite direction). He coped with serious setbacks. His first novel was extremely popular but he made no money from it because of inadequate copyright laws. Later, he negotiated better contracts. He was very competent in financial matters and kept meticulous records of his income and expenditure. He liked what money could buy — including … a stylish house-coat (his study had no heating). But for all this, money and money worries did not dominate his inner life. He wrote with astonishing sensitivity about love and beauty. He was completely realistic and pragmatic when it came to money but this did not lead him to neglect the worth of exploring bigger, more important concepts in life."

Well, yes and no. It is true that money worries did not dominate Goethe's inner life, which may have contributed to his ability to write "with astonishing sensitivity about love and beauty." Friedrich Schiller, as Safranski points out, was burdened by this difference between himself and Goethe. Goethe's serenity, such as it was, however, was hard won, although having money perhaps gave him opportunity to work on his serenity.


What I find interesting about Goethe on the subject of money is his failure to increase his paternal inheritance. Aside from a few bad financial ventures (the property in Oberroßla), he remained very conservative. Some of his contemporaries were making a killing in the market in the 18th century, e.g., Voltaire. (See my earlier post in this connection.) This conservatism is somewhat strange, since, as financial minister of the duchy and because of his attempts to increase the duchy’s tax revenues, Goethe was up to date on the Europe-wide discussion of modern economic issues. He was acquainted with the writings of Adam Smith via Georg Friedrich Sartorius, economist and historian at the University of Göttingen, who was the first mediator of Smith’s writings in Germany. The Jena Allgemeine Zeitung kept abreast: in 1804 Sartorius reviewed Henry Thornton’s An Enquiry into the Nature and Effects of the Paper-Credit of Great Britain; in 1808 JAZ reviewed F.H. Hegewisch’s German translation of Malthus’s essay Principles of Population; and, in 1817, Georg Graf von Buquoy’s Die Theorie der Nationalwirtschaft. In recent years there has of course been increasing interest in Goethe’s understanding of finance and economics, beginning with Bernd Mahl, Goethes ökonomisches Wissen (1982).

Goethe's legacy, well expressed
Yet, the fact remains that Goethe did nothing to increase the wealth he inherited, wealth that his ancestors had labored to provide. On the other hand, of course, Goethe enriched the Western cultural inheritance, of which we are all in his debt.

Picture credits: Navona Numismatics; Carpe Diem Moments

Sunday, November 30, 2008

Goethe and Money

In 1765, when the 16-year-old Goethe was a student in Leipzig, his sister passed on the following question from their father back in Frankfurt: how much of his allowance did he still have? This was his response:

"If I had twice as much as I have now, and in addition to that, half again and one-third and three-sixths of that which I have: then I would have 100 louisdors."

(Very clever of Goethe, testing his sister like that! To find the answer, you will have to go to the end of this post.)

Goethe came from a well-off bourgeois family that lived quite comfortably. (Yes, it could be done in the 18th century, without hot running water and central heat.) Thomas Mann's novel Buddenbrooks is an excellent portrait of the comfort as well as the priorities of a 19th-century bourgeois family, and these would not have been much different in the Goethe family household in Frankfurt in the 1750s and 1760s. In the 18th century Europeans were beginning to experience discretionary spending on a large scale, to enjoy the commodities that international trade was introducing to town and city alike. People began to dress better, to eat better, to be better informed about the world (newspapers, book production). People's "taste" improved; indeed, taste, usually applied to aesthetics, was intimately bound up with the progress of material life in Europe. After all, in order to be well read and to appreciate art, you had to have some disposable income. As a sign of his own taste, Goethe's father had a considerable library, and he also commissioned local Frankfurt artists to create works of art for his home. Like good bourgeois families not all that long ago, his father also kept a detailed record of family income and expenses as well as purchases.

Goethe also kept a pretty good financial record, and we know that in his youth his expenses outweighed what he earned. In fact, he didn't start earning real money until he went to Weimar and became a member of Duke Carl August's privy council in 1776. Up until 1781 he was paid 300 talers quarterly, a salary that would be increased over time. He also began to earn goodly sums from his writings and became the first German writer not only to earn enough to keep a roof over his head but, in addition, to accumulate considerable wealth.

In 1829, three years before he died, he said to Eckermann: "One has to have enough money to be able to pay for one's experiences. Half a million [talers] have gone through my hands in order to learn what I have learned." According to the Goethe-Handbuch (an indispensable source of information for Goethe scholars), for instance, the costs for his stay in Italy -- from October 1786 to May 1788 -- came to about 5,600 talers. The half a million paid for many books, works of art, collections of minerals, rocks, cameos, and such as well as his travels to the spas of Bohemia. He employed secretaries to whom he dictated much of his writing and his voluminous correspondence. In his later years, after 1810, he maintained a good table, from 1 to 4 p.m., where guests enjoyed his discriminating taste in food and wine. Besides plenty of fruit and vegetables from his own garden, eggs, milk, butter, and meat from local producers, and out of season vegetables from the ducal greenhouse, his household records show sums spent on trout, pike, carp, and crabs, also local products. Luxury items came from farther afield: chestnuts, grapes, fermented mustard, honey, artichokes. The records show that Goethe remained partial to wines from the Rhine region. From Berlin the household obtained caviar, cervelat wurst, pike-perch; chocolate was ordered from Vienna. A sign of the growing trade between nations were purchases of the following from 1820: fois gras, truffles, mussels, salmon, rum, Spanish raisins, tea, rice, and ginger.

In 1827 Goethe said this about money to Eckermann: "In our youth, when we possess nothing or are unable to appreciate what it is to be in secure possession of much, we are 'democratic.' If we live a long life and accumulate some substance, we not only want to safeguard it but also wish that our children and grandchildren might comfortably enjoy the fruits of what we have earned." Indeed, at his death, Goethe's estate was worth over 63,000 talers. When he wrote his will, in 1831, in reference to the value of his collection of art, he said that a real estimate of these relatively inestimable objects was not possible. In the event, in 1834, two years after his death, an estimate of 16,000 talers was made. Real estate can always be appraised and given a dollar (or taler) value.

Beyond such figures there is something incalculable about Goethe's legacy. When his last surviving descendant died in 1885, he bequeathed all of Goethe's collections, including the literary works, to the Grand Duchess Sophie of Sachsen-Weimar-Eisenach. She founded the Goethe Archive, which, along with the Schiller Archive, now forms the core of the collections of the Klassik Stiftung Weimar. Thus, Goethe's wealth continues to provide spiritual enrichment for the generations.

As to the answer to that questions posed at the beginning, here is the calculation:

2X + X/2 = 2.5X; X/3 + 3X/6 = 2X/6 + 3X/6 = 5X/6; 2.5X/1 + 5X6 = 15X/6 + 5X/6 = 21X/6 = 3.5X

Got all that? In other words, he would have to have 3.5 times the monetary units that he has (talers? Rheinish gulden?) in order to have the equivalent of 100 louisdors. I have a feeling that most Americans don't have such a firm understanding of money, nor of its value, as did Goethe. For a great illustration of current ignorance (which seems to extend to the government, which is now throwing bad money after badder), go to Maggie's Farm for a hilarious video of non-Goethean arithmetic.