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
Once more, when products, such as coal, iron, corn, or textile
fabrics, are sent us from abroad, and we can acquire them with less
labour than if we made them ourselves, the difference is a free
gift conferred upon us. The gift is more or less considerable in
proportion as the difference is more or less great. It amounts to a
quarter, a half, or three-quarters of the value of the product, when
the foreigner only asks us for three-fourths, a half, or a quarter
of the price we should otherwise pay. It is as perfect and complete
as it can be, when the donor (like the Sun in furnishing us with
light) asks us for nothing. The question, and we ask it formally,
is this, Do you desire for our country the benefit of gratuitous
consumption, or the pretended advantages of onerous production? Make
your choice, but be logical; for as long as you exclude as you do,
coal, iron, corn, foreign fabrics, ‹in proportion› as their price
approximates to ‹zero›, what inconsistency would it be to admit the
light of the Sun, the price of which is already at ‹zero› during the
entire day!
In addition to his other engrossing avocations in Paris, Bastiat,
in the end of 1847 and beginning of 1848, delivered a course of
lectures to young men on the principles of Political Economy and
the Harmony of the Social Laws. He had no opportunity of committing
these lectures to writing, as he wished, but we have doubtless
the substance of them in his published works, especially in the
‹Harmonies Économiques›. “Something tells me,” he says in one of his
letters to M. Coudroy, “that this course addressed to the young, who
have logic in their heads, and warmth and fervour in their hearts,
will not be useless.” “My auditors,” he says elsewhere, “are not very
numerous; but they attend assiduously, and take notes. The seed falls
into good ground.”
Public-domain text, read in full here on John Shaqi.
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