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
Nor is this all. Nothing is more easily explained than this
pre-eminence, this priority, given to the service over the product,
so far as value is concerned. We shall immediately see that this is
owing to a circumstance which might have been easily perceived, but
which has not been observed, just because it is under our eyes. It
is nothing else than that foresight which is natural to man, and in
virtue of which, in place of limiting himself to the services which
are demanded of him, he prepares himself beforehand to render those
services which he foresees are likely to be demanded. It is thus
that the ‹facio ut facias› transforms itself into the ‹do ut des›,
without its ceasing to be the dominant fact which explains the whole
transaction.
John says to Peter, I want a cup. I could make it for myself, but if
you will make it for me, you will render me a service, for which I
will pay you by an equivalent service.
Peter accepts the offer, and, in consequence, sets out in quest of
suitable materials, mixes them, manipulates them, and, in fine, makes
the article which John wants.
It is very evident that here it is the service which determines the
value. The dominant word in the transaction is ‹facio›. And if,
afterwards, the value is incorporated with the product, it is only
because it flows from the service, which combines the labour executed
by Peter with the labour saved to John.
Now, it may happen that John may make frequently the same proposal
to Peter, and that other people may also make it; so that Peter can
foresee with certainty the kind of services which will be demanded
of him, and prepare himself for rendering them. He may say, I have
acquired a certain degree of skill in making cups. Experience
tells me that cups supply a want which must be satisfied, and I am
therefore enabled to manufacture them beforehand.
Henceforth John says no longer to Peter, ‹facio ut facias›, but
‹facio ut des›. If he in turn has foreseen the wants of Peter, and
laboured beforehand to provide for them, he can then say ‹do ut
des›. [p175]
But in what respect, I ask, does this progress, which flows from
human foresight, change the nature and origin of value? Does service
cease to be its foundation and measure? As regards the true idea of
value, what difference does it make whether Peter, before he makes
the cup, waits till there is a demand for it, or, foreseeing a future
demand, manufactures the article beforehand?
Public-domain text, read in full here on John Shaqi.
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