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
Were I to make my own bread, I must devote myself to a labour
infinitely more complicated, but strictly analogous to that which the
necessity of fetching water from the spring would have imposed upon
me. The elements of bread exist everywhere in nature. As J. B. Say
has judiciously remarked, it is neither possible nor necessary for
man to create anything. Gases, salts, electricity, vegetable life,
all exist; my business is to unite them, assist them, combine them,
transport them, availing myself of that great laboratory called the
earth, in which mysteries are accomplished from which human science
has scarcely raised the veil. If the operations to which I must
devote myself in the pursuit of my design are in the aggregate very
complicated, each of them, taken singly, is as simple as the act of
drawing water from the fountain. Every effort I make is simply a
service which I render to myself; and if, in consequence of a bargain
freely entered into, it happens that other persons save me some of
these efforts, or the whole of them, these are so many ‹services›
which I receive. The aggregate of these services, compared with those
which I render in return, constitute the value of the Bread and
determine its amount.
A convenient intermediate commodity intervenes to facilitate
this exchange of services, and even to serve as a measure of
their relative importance—Money. But this makes no substantial
difference,—the principle remains exactly the same, just as in
mechanics the transmission of forces is subject to the same law,
whether there be one or several intermediate wheels.
This is so true that, when the loaf is worth fourpence, for example,
if a good bookkeeper wishes to analyze its value, he will succeed in
discovering, amid the multiplicity of transactions which go to the
accomplishment of the final result, all those whose services have
contributed to form that value,—all those who have saved labour to
the man who finally pays for it as the consumer. He discovers, first
of all, the baker, who retains his five per cent., [p143] and from
that percentage remunerates the mason who has built his oven, the
wood-cutter who prepares his billets, etc. Then comes the miller, who
receives not only the recompense of his own labour, but the means
of remunerating the quarryman who has furnished his millstones, the
labourer who has formed his dam, etc. Other portions of the total
value go to the thresher, the reaper, the labourer, the sower, until
you account for the last farthing. No part of it assuredly goes to
remunerate God and nature. The very idea is absurd, and yet this is
rigorously implied in the theory of the Economists, who attribute
a certain portion of the value of a product to matter or natural
forces. No; we still find that what ‹has value› is not the Loaf, but
the series of ‹services› which have put me in possession of it.
Public-domain text, read in full here on John Shaqi.
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