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
Wealth, taking the word in its general acceptation, results from the
combination of two agencies—the action of nature, and the action
of man. The first is ‹gratuitous› and ‹common› by the destination
of Providence, and never loses that character. The second alone is
‹provided with value›, and, consequently, ‹appropriated›. But with
the development of intelligence, and the progress of civilisation,
the one takes a greater and greater part, the other a less and less
part, in the realization of each given utility; whence it follows
that the domain of the Gratuitous and the Common is continually
expanding among men relatively to the domain of Value and Property;
a consoling and suggestive view of the subject, entirely hidden from
the eye of science, so long as we continue to attribute Value to the
co-operation of nature. [p156]
Men of all religions thank God for His benefits. The father of a
family blesses the bread which he breaks and distributes to his
children—a touching custom, that reason would not justify were the
liberality of Providence other than gratuitous.
‹Durableness›, ‹conservability›—that pretended ‹sine quâ non›
of Value, is connected with the subject which I have just been
discussing. It is necessary to the very existence of value, as Adam
Smith thinks, that it should be fixed and realized in something which
can be exchanged, accumulated, preserved, consequently in something
‹material›.
“There is one sort of labour which adds[32] to the value of the
subject upon which it is bestowed. There is another which has no such
effect.”
“The labour of the manufacturer,” he adds, “fixes and realizes itself
in some particular subject or vendible commodity, ‹which lasts for
some time at least› after the labour is past. The labour of the
menial servant, on the contrary” (to which the author assimilates in
this respect that of soldiers, magistrates, musicians, professors,
etc.), “does not fix or realize itself in any particular subject or
vendible commodity. His services perish in the very instant of their
performance, and leave no trace of ‹value› behind them.”
Here we find ‹Value› connected rather with the modifications of
matter than with the satisfactions of men—a profound error; for the
sole good to be obtained from the modification of material things is
the attainment of that satisfaction which is the design, the end,
the ‹consommation›[33] of every Effort. If, then, we realize that
satisfaction by a direct and immediate effort, the result is the
same; and if that effort can be made the subject of transactions,
exchanges, ‹estimation›, it includes the principle of ‹Value›.
Public-domain text, read in full here on John Shaqi.
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