"' The second is, that you will lose by the bargain. For, as in every
exchange there is necessarily a gaining and a losing party, we should be
dupes, if you were not the loser. What have you got to say?'
"' Nothing,' replied the foreigner; and, bursting out a-laugh-ing, he
regained his canoe."
"The story would not be amiss, if Robinson were not made to argue so
very absurdly."
"He does not argue more absurdly than the committee of the Rue
Hauteville."
"Oh! the case is very different. Sometimes you suppose one man, and
sometimes (which comes to the same thing) two men working in company.
That does not tally with the actual state of things. The division of
labour and the intervention of merchants and money change the state of
the question very much."
"That may complicate transactions, but does not change their nature."
"What! you want to compare modern commerce with a system of barter."
"Trade is nothing but a multiplicity of barters. Barter is in its own
nature identical with commerce, just as labour on a small scale is
identical with labour on a great scale, or as the law of gravitation
which moves an atom is identical with that same law of gravitation which
moves a world."
"So, according to you, these arguments, which are so untenable in
the mouth of Robinson, are equally untenable when urged by our
protectionists."
"Yes; only the error is better concealed under a complication of
circumstances."
"Then, pray, let us have an example taken from the present order of
things."
"With pleasure. In France, owing to the exigencies of climate and
habits, cloth is a useful thing. Is the essential thing to _make it_, or
to _get it?_"
"A very sensible question, truly! In order to have it, you must make
it."
"Not necessarily. To have it, some one must make it, that is certain;
but it is not at all necessary that the same person or the same country
which consumes it should also produce it. You have not made that stuff
which clothes you so well. France does not produce the coffee on which
our citizens breakfast."
"But I buy my cloth, and France her coffee."
"Exactly so; and with what?"
"With money."
"But neither you nor France produce the material of money."
"We buy it."
"With what?"
"With our products, which are sent to Peru."
"It is then, in fact, your labour which you exchange for cloth, and
French labour which is exchanged for coffee."
"Undoubtedly."
"It is not absolutely necessary, therefore, to manufacture what you
consume."
"No; if we manufacture something else which we give in exchange."
"In other words, France has two means of procuring a given quantity of
cloth. The first is to make it; the second is to make something else,
and to exchange this something else with the foreigner for cloth. Of
these two means, which is the best?"
"I don't very well know."
"Is it not that which, _for a determinate amount of labour, obtains the
greater quantity of cloth?_"
"It seems so."
Public-domain text, read in full here on John Shaqi.
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