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
We are all born with an imperious material want, which must be
satisfied under pain of death, I mean that of breathing. On the other
hand, we all exist in a medium which, in general, supplies that want
without the intervention of any effort on our part. Atmospheric air,
then, has utility without having ‹value›. It has no Value, because,
requiring no Effort, it gives rise to no service. To render a service
to any one is to save him trouble; and where it is not necessary to
take pains in order to realize a satisfaction, no trouble can be
saved.
But if a man descend to the bottom of a river in a diving-bell, a
foreign substance is interposed between the air and his lungs, and,
in order to re-establish the communication, a pump must be employed.
Here there is an effort to make, pains to take, and the man below
desires the exertion, for it is a matter of life or death, and he
cannot possibly secure to himself a greater ‹service›.
Instead of making this effort himself, he calls on me to make it for
him, and, in order to induce me to do so, he undertakes in turn to
make an exertion from which I may reap satisfaction. We discuss the
matter, and come to an agreement. Now, what do we discover here? two
wants, two satisfactions, which are not inconsistent with each other;
two efforts, which are the subject of a voluntary transaction; two
‹services›, which are exchanged,—and ‹value› makes its appearance.
Now, we are told that utility is the foundation of value; and as
utility is inherent in the air, we are led to think that it is the
same in regard to value. There is here an evident confusion of
ideas. The air, from its nature, has physical properties in harmony
with one of our physical organs, the lungs. The portion which I
draw from the atmosphere in order to fill the diving-bell does not
change its nature—it is still oxygen and azote. No new physical
quality is combined with it, no reacting power brings out of it a new
element called ‹value›. ‹That› springs exclusively from the service
rendered. [p138]
If, in laying down the general principle, that Utility is the
foundation of Value, you mean that the Service has value because it
is useful to him who receives it and pays for it, I allow the truth
of what you say. It is a truism implied in the very word ‹service›.
But we must not confound the utility of the air with the utility
of the service. They are two utilities distinct from each other,
different in nature, different in kind, which bear no proportion to
one another, and have no necessary relation. There are circumstances
in which, with very slight exertion, by rendering a very small
service, or saving very little trouble, I may bring within the reach
of another an article of very great intrinsic ‹utility›.
Public-domain text, read in full here on John Shaqi.
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