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
One circumstance will form a great element in his calculation—the
number of commodities in the production of which this instrument will
assist while it lasts. He has a primary standard of comparison—the
present labours to which he is subjected every time he wishes
to procure the satisfaction directly and without assistance. He
estimates how much labour the tool or instrument will save him on
each occasion; but labour is required to make the tool, and this
labour he will in his own mind spread over all the occasions on which
such an instrument can be made available. The greater the number
of these occasions, the stronger will be his motive for seeking
the co-operation of natural agents. It is here—in this spreading
of an ‹advance› over an aggregate of products—that we discover the
principle and foundation of Interest.
When Robin Crusoe has once made up his mind to construct the
instrument, he perceives that his willingness to make it, and the
advantage it is to bring him, are not enough. Tools are necessary to
the manufacture of tools—iron must be hammered with iron—and so you
go on, mounting from difficulty to difficulty, till you reach the
first difficulty of all, which appears to be insuperable. This shows
us the extreme slowness with which Capital must have been formed
at the beginning, and what an enormous amount of human labour each
satisfaction must originally have cost.
Again, in order to construct the instruments of labour, not only
tools, but ‹materials› are wanted. If these materials, as for
instance stones, are furnished gratuitously by nature, we must
still combine them, which costs labour. But the possession of these
materials supposes, in almost every case, anterior labour both long
and complicated, as in the manufacture of wool, flax, iron, lead, etc.
Nor is this all. Whilst a man is thus working for the exclusive
[p198] purpose of facilitating his ulterior labour, he can do
nothing to supply his present wants. Now, here we encounter an order
of phenomena in which there can be no interruption. Each day the
labourer must be fed, clothed, and sheltered. Robinson will perceive,
then, that he can undertake nothing for the purpose of procuring the
co-operation of natural forces until he has previously accumulated
a stock of ‹provisions›. He must every day redouble his activity in
the chase, and store up a portion of the game he kills, and subject
himself to present privations, in order that he may have at his
disposal the time requisite for the construction of the instrument he
has projected. In such circumstances, it is most probable that all he
will accomplish will be the construction of an instrument which is
rude and imperfect, and not very well fitted for the purpose he has
in view.
Afterwards, he will obtain greater facilities. Reflection and
experience will teach him to work better; and the first tool he
makes will furnish him with the means of fabricating others, and of
accumulating provisions with greater promptitude.
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