Harmonies of Political Economy: Translated from the Third French Edition, with a Notice of the Life and Writings of the AuthorBastiat, Frédéric
Philosophy
Harmonies of Political Economy: Translated from the Third French Edition, with a Notice of the Life and Writings of the Author
Bastiat, Frédéric
Economics
In the third chapter we have established that man cannot exist in a
state of isolation. But if, by an effort of imagination, we fancy him
placed in that chimerical situation, that state ‹contrary to nature›,
which the writers of the eighteenth century extolled as the ‹state of
nature›, we shall not fail to see that it does not disclose to us the
idea of Value, although it presents the manifestation of the active
principle which we have termed ‹effort›. The reason is obvious. Value
implies comparison, appreciation, ‹estimation›, measure. In order
that two things should measure each other, it is necessary that they
be commensurable, and, in order to that, they must be of the same
kind. In a state of isolation, with what could we compare effort?
With want? With satisfaction? In that case, we could go no farther
than to pronounce that the effort was more or less appropriate, more
or less opportune. In the social state, what we compare (and it is
this comparison which gives rise to the idea of Value) is the effort
of one man with the effort of another man,—two phenomena of the same
nature, and, consequently, ‹commensurable›.
Thus, the definition of the word Value, in order to be exact, must
have reference not only to human efforts, but likewise to those
efforts which are exchanged or exchangeable. Exchange does more than
exhibit and measure values—it gives them existence. I do not mean
to say that it gives existence to the acts and the things which are
exchanged, but it imparts to their existence the notion of ‹value›.
Now, when two men transfer to each other their present efforts, or
make over mutually the results of their anterior [p135] efforts,
they ‹serve› each other; they render each other reciprocal ‹service›.
I say, then, «Value is the relation of two services exchanged».
The idea of ‹value› entered into the world the first time that a man
having said to his brother, Do this for me, and I shall do that for
you—they have come to an agreement; for then, for the first time, we
could say—The two ‹services› exchanged are ‹worth each other›.
It is singular enough that the true theory of value, which we search
for in vain in many a ponderous volume, is to be found in Florian’s
beautiful fable of ‹l’Aveugle et le Paralytique›,—
Aidons—nous mutuellement,
La charge des malheurs en sera plus légère.
. . . . . . . A nous deux
Nous possédons le bien à chacun nécessaire.
J’ai des jambes, et vous des yeux.
Moi, je vais vous porter; vous, vous serez mon guide:
Ainsi, sans que jamais notre amitié décide
Qui de nous deux remplit le plus utile emploi,
Je marcherai pour vous, vous y verrez pour moi.
Public-domain text, read in full here on John Shaqi.
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