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
Were no obstacles interposed between utilities and desires, there
would be neither efforts, nor services, nor Values in our case, any
more than in that of God and nature. In such circumstances, were
wealth estimated by the satisfactions realized, mankind, like nature,
would be in possession of infinite riches; but, if estimated by the
values created, they would be deprived of wealth altogether. An
economist who adopted the first view might pronounce us ‹infinitely
rich›,—another, who adopted the second view, might pronounce us
‹infinitely poor›.
The infinite, it is true, is in no respect an attribute of humanity.
But mankind direct their exertions to certain ends; they make
efforts, they have tendencies, they gravitate towards progressive
Wealth or progressive Poverty. Now, how could Economists make
themselves mutually intelligible if this successive diminution of
effort in relation to result, of labour to be undergone or to be
remunerated; in a word, if this successive diminution of Value were
considered by some of them as a progress towards Wealth, and by
others as a descent towards Poverty?
Did the difficulty, indeed, concern only Economists, we might say,
let them settle the matter among themselves. But legislators and
governments have every day to introduce measures which exercise a
serious influence on human affairs; and in what condition should we
be if these measures were taken in the absence of that light which
enables us to distinguish Riches from Poverty?
I affirm that the theory which defines Wealth as Value is only
the glorification of Obstacles. Its syllogism is this: “Wealth is
in proportion to Value, value to efforts, efforts to obstacles;
‹ergo›, wealth is in proportion to obstacles.” I affirm also that,
by reason of the division of labour, which includes the case of
every one who exercises a trade or profession, the illusion thus
created is very difficult to be got rid of. We all of us see that
the services which we render are called forth by some obstacle, some
want, some suffering,—those of the physician by disease, those of
the agricultural labourer by hunger, those of the manufacturer of
clothing by cold, those of the carrier by distance, those of the
advocate by injustice, those of the soldier by danger to his country.
There is not, in fact, a single obstacle, the disappearance of which
does not [p184] prove very inopportune and very troublesome to
somebody, or which does not even appear fatal in a public point of
view, because it seems to dry up a source of employment, of services,
of values, of wealth. Very few Economists have been able to preserve
themselves entirely from this illusion; and if the science shall
ever succeed in dispelling it, its practical mission will have been
fulfilled. For I venture to make a third affirmation—namely, that
our official practice is saturated with this theory, and that when
governments believe it to be their duty to favour certain classes,
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