Let us suppose for a moment that the average daily wage which a
Frenchman earns is equal to a shilling, and it follows incontestably
that to produce directly an orange in France, a day's work, or its
equivalent, is required; while to produce the value of a Portuguese
orange, only a twelfth part of that day's labour would be necessary;
which means exactly this, that the sun does at Lisbon what human labour
does at Paris. Now, is it not very evident that if I can produce an
orange, or, what comes to the same thing, the means of purchasing one,
with a twelfth part of a day's labour, I am placed, with respect to this
production, under exactly the same conditions as the Portuguese producer
himself, excepting the carriage, which must be at my expense. It is
certain, then, that liberty equalizes the conditions of production
direct or indirect, as far as they can be equalized, since it leaves
no other difference, but the inevitable one arising from the expense of
transport.
I add, that liberty equalizes also the conditions of enjoyment, of
satisfaction, of consumption, with which the protectionists never
concern themselves, and which are yet the essential consideration,
consumption being the end and object of all our industrial efforts. In
virtue of free trade, we enjoy the sun of Portugal like the Portuguese
themselves. The inhabitants of Havre and the citizens of London are put
in possession, and on the same conditions, of all the mineral resources
which nature has bestowed on Newcastle.
V. Gentlemen protectionists, you find me in a paradoxical humour; and I
am disposed to go further still. I say, and I sincerely think, that if
two countries are placed under unequal conditions of production, _it is
that one of the two which is least favoured by nature which has most
to gain by free trade_. To prove this, I must depart a little from the
usual form of such a work as this. I shall do so nevertheless, first of
all, because the entire question lies there, and also because it will
afford me an opportunity of explaining an economic law of the highest
importance, and which, if rightly understood, appears to me to be fitted
to bring back to the science all those sects who, in our day, seek in
the land of chimeras that social harmony which they fail to discover
in nature. I refer to the law of consumption, which it is perhaps to be
regretted that the majority of economists have neglected.
Consumption is the _end_ and final cause of all the economic phenomena,
and it is in consumption consequently that we must expect to find their
ultimate and definitive solution.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account