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
Well, then, in place of remaining an isolated being, suppose this man
to have relations with his fellow-men. They exchange; and I repeat
my observation,—in proportion as they acquire skill, experience,
force, and intelligence,—in proportion as nature (become more
liberal or brought more into subjection) lends them more efficacious
co-operation, they obtain ‹more wealth with less trouble›; they have
at their disposal a greater amount of gratuitous utility; in their
transactions they transfer to one another a greater sum of useful
results in proportion to a given amount of labour. Where, then, is
the contradiction?
If, indeed, following the example of Adam Smith and his successors,
you commit the error of applying the same denomination—‹value›—both
to the results obtained and to the exertion made; in that case, an
antinomy or contradiction will show itself. But be assured that that
contradiction is not at all in the facts, but in your own erroneous
explanation of those facts.
M. Proudhon ought, then, to have shaped his proposition thus: [p190]
It being granted that man has need of a great variety of products,
that he can only obtain them by his labour, and that he has the
precious gift of educating and improving himself, nothing in the
world is more natural than the sustained increase of results in
relation to efforts; and there is nothing at all contradictory in a
given value serving as the vehicle of a greater amount of realized
utility.
Let me repeat, once more, that for man Utility is the fair side
of the medal and Value the reverse. Utility has relation only to
our Satisfactions, Value only with our Pains. Utility realizes our
enjoyments, and is proportioned to them; Value attests our native
weakness, springs from obstacles, and is proportioned to those
Obstacles.
In virtue of the law of human perfectibility, gratuitous utility
tends more and more to take the place of onerous utility, expressed
by the word ‹value›. Such is the phenomenon, and it presents
assuredly nothing contradictory.
But the question recurs—Should the word Wealth comprehend these two
kinds of utility united, or only the last?
If we could form, once for all, two classes of utilities, putting
on the one side all those which are gratuitous, and on the other
all those which are onerous, we should form, at the same time, two
classes of Wealth, which we should denominate, with M. Say, ‹Natural
Wealth› and ‹Social Wealth›; or else, with M. de Saint-Chamans, the
‹Wealth of Enjoyment› and the ‹Wealth of Value›; after which, as
these authors propose, we should have nothing mere to do with the
first of these classes.
Public-domain text, read in full here on John Shaqi.
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