What I have said of the art of printing, may be affirmed of all the
instruments of labour, from the nail and the hammer to the locomotive
and the electric telegraph. Society becomes possessed of all through
its more abundant consumption, and _it enjoys all gratuitously_, for
the effect of inventions and discoveries is to reduce the price of
commodities; and all that part of the price which has been annihilated,
and which represents the share invention has in production, evidently
renders the product gratuitous to that extent. All that remains to be
paid for is the human labour, the immediate labour, /and it is paid for
without reference to the result of the invention, at least when that
invention has passed through the cycle I have just described--the cycle
which it is designed to pass through. I send for a tradesman to my
house; he comes and brings his saw with him; I pay him two shillings for
his day's work, and he saws me twenty-five boards. Had the saw not been
invented, he would probably not have made out to furnish me with one,
and I should have had to pay him the same wages for his day's work.
The _utility_ produced by the saw is then, as far as I am concerned, a
gratuitous gift of nature, or rather it is a part of that inheritance
which, _in common_ with all my brethren, I have received from my
ancestors. I have two workmen in my field. The one handles the plough,
the other the spade. The result of their labour is very different,
but the day's wages are the same, because the remuneration is not
proportioned to the utility produced, but to the effort, the labour,
which is exacted.
I entreat the reader's patience, and beg him to believe that I have not
lost sight of free trade. Let him only have the goodness to remember the
conclusion at which I have arrived: _Remuneration is not in proportion
to the utilities which the producer brings to market, but to his
labour_.*
* It is true that labour does not receive a uniform
remuneration. It may be more or less intense, dangerous,
skilled, etc. Competition settles the usual or current price
in each department--and this is the fluctuating price of
which I speak.
I have drawn my illustrations as yet from human inventions. Let us now
turn our attention to natural advantages.
In every branch of production, nature and man concur. But the portion
of utility which nature contributes is always gratuitous. It is only
the portion of utility which human labour contributes which forms the
subject of exchange, and, consequently, of remuneration. The latter
varies, no doubt, very much in proportion to the intensity of the
labour, its skill, its promptitude, its suitableness, the need there
is of it, the temporary absence of rivalry, etc. But it is not the less
true, in principle, that the concurrence of natural laws, which are
common to all, counts for nothing in the price of the product.
Public-domain text, read in full here on John Shaqi.
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