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
The form in which this remuneration is stipulated for, the mode of
levying it, the process we adopt in adjusting and concluding the
arrangement, make no alteration on the principle. Are there efforts
saved to some men by others? Are there satisfactions procured
for some by others? In that case there are ‹services› exchanged,
compared, ‹estimated›;—there is ‹Value›.
The kind of services we are now discussing, when social complications
occur, lead sometimes to frightful consequences. The very nature
of the services which we demand from this class of functionaries
requires us to put into their hands Power,—power sufficient to
subdue all resistance,—and it sometimes happens that they abuse it,
and turn it against the very community which employs them. Deriving
from the community services proportioned to the want we have of
‹security›, they themselves may cause insecurity, in order to display
their own importance, and, by a too skilful diplomacy, involve their
fellow-citizens in perpetual wars.
All this has happened, and still happens. Great disturbances of the
just equilibrium of reciprocal services are the result of it. But it
makes no change in the fundamental principle and scientific theory of
Value.
* * * * *
I must still give another example or two; but I pray the reader
to believe that I feel quite as much as he can how tiresome and
fatiguing this series of hypotheses must be—throwing us back, as
they all do, on the same kind of proof, tending to the same [p147]
conclusion, expressed in the same terms. He must understand,
however, that this process, if not the most interesting, is at least
the surest way of establishing the true theory of Value, and of thus
clearing the road we have to traverse.
We suppose ourselves in Paris. In that great metropolis there is a
vast fermentation of desires, and abundant means also of satisfying
them. Multitudes of rich men, or men in easy circumstances, devote
themselves to industry, to the arts, to politics—and in the evening
they are all eager to obtain an hour’s recreation. Among the
amusements which they relish most is the pleasure of hearing the
music of Rossini sung by Malibran, or the admirable poetry of Racine
interpreted by Rachel. There are in the world only two women who can
furnish these noble and delicate kinds of entertainment, and unless
we could subject them to torture, which would probably not succeed,
we have no other way of procuring their services but by addressing
ourselves to their good will. Thus the services which we expect from
Malibran and Rachel are possessed of great ‹Value›. This explanation
is prosaic enough, but it is true.
Public-domain text, read in full here on John Shaqi.
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