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
And why? Because that element enables us, by paying for ‹one›, to
save ‹two›. Because, by its very presence, it shows clearly that
natural forces have concurred in the final result, without our having
had to pay for their co-operation; and the consequence is, that the
same general utility is placed at our disposal, while at the same
time a certain portion of gratuitous utility has, happily for us,
been substituted for onerous utility; and, in short, the price of the
product has been reduced. We acquire it with a less proportion of our
own labour, and, what happens to society at large, is just what would
happen to an isolated individual who should succeed in realizing an
ingenious invention.
Suppose the case of a common artisan, who earns four francs a-day.
With two francs,—that is to say, with half-a-day’s labour, he
purchases a pair of cotton stockings. Were he to try to procure these
stockings by his own direct labour, I sincerely believe that his
whole life would not suffice for the work. How, then, does it happen
that his half-day’s work pays for all the ‹human services› which
have been rendered to him on this occasion? According to the law of
‹service for service›, why is he not forced to give several years’
labour?
For this reason, that the stockings are the result of ‹human
services›, of which natural agents, by the intervention of Capital,
have enormously diminished the proportion. Our artisan, however,
pays not only for the actual labour of all those who have concurred
in the work, but also the interest of the capital by means of
which the co-operation of nature was procured; and it is worthy of
remark, that, without this last remuneration, or were it held to
be illegitimate, capital would not have been employed to secure
the assistance of the natural agents. There would have been in the
product only onerous utility; for in that case the commodity would
have been the exclusive result of human labour, and our artisan
would have been brought back to the point whence he started,—that is
to say, he would have been placed in the [p210] dilemma of either
dispensing with the stockings, or of paying for them the price of
several years’ labour.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account