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
But as facts in the long run are stronger than definitions, it became
necessary in some way to bring back these classes, and make them
re-enter the circle of economic studies. They were introduced by
way of analogy; but the language of the science, formed beforehand
on other definitions, had been so materialized as to render this
extension repulsive. What mean such phrases as these: “To consume
an immaterial product? Man is accumulated capital? Security is a
commodity?” etc., etc. [p154]
Not only was the language of the science materialized beyond
measure, but writers were forced to surcharge it with subtile
distinctions, in order to reconcile ideas which had been erroneously
separated. Hence Adam Smith’s expression of ‹Value in use›, in
contradistinction to ‹Value in exchange›, etc.
A greater evil still has been that, in consequence of this confusion
of two great social phenomena, ‹property› and ‹community›, the one
has seemed incapable of justification, and the other has been lost
sight of.
In fact, if Value resides in matter, it becomes mixed up with the
physical qualities of bodies which render them useful to man. Now,
these qualities are frequently placed there by nature. Then nature
co-operates in creating ‹Value›, and we find ourselves attributing
value to what is essentially ‹common› and ‹gratuitous›. On what
basis, then, do you place ‹property›? When the remuneration which
I give in order to obtain a material product, corn for example, is
distributed among all the labourers, near or at a distance, who have
rendered me a ‹service› in the production of that commodity,—who
is to receive that portion of the ‹value› which corresponds to
the action of nature, and with which man has nothing to do? Is it
Providence who is to receive it? No one will say so, for we never
heard of Nature demanding wages. Is man to receive it? What title has
he to it, seeing that, by the hypothesis, he has done nothing?
Do not suppose that I am exaggerating, and that, for the sake of my
own definition, I am torturing the definition of the economists, and
deducing from it too rigorous conclusions. No, these consequences
they have themselves very explicitly deduced, under the pressure of
logic.
Public-domain text, read in full here on John Shaqi.
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