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
If our artisan had learnt to analyze phenomena, he would soon get
reconciled to Capital, on seeing how much he is indebted to it. He
would be convinced, above all, that the gratuitous nature of the
gifts of God has been completely preserved, and that these gifts
have been lavished on him with a liberality which he owes not to his
own merit, but to the beautiful mechanism of the ‹natural› social
order. Capital does not consist in the vegetative force which has
made cotton germinate and flower, but in the ‹pains taken› by the
planter. Capital is not the wind which fills the sails of the ship,
or the magnetism which acts upon the needle, but the ‹pains taken›
by the sailmaker and the optician. Capital is not the elasticity of
steam which turns the spindles of the mill, but the ‹pains taken› by
the machine-maker. Vegetation, the power of the winds, magnetism,
elasticity,—all these are purely gratuitous; and hence the stockings
have so little value. As regards the pains taken by the planter,
the sailmaker, the optician, the shipbuilder, the sailor, the
manufacturer, the merchant, they are spread—or, rather, so far as
capital is concerned, the interest of that capital is spread—over
innumerable purchasers of stockings; and this is the reason why the
portion of labour given by each of these purchasers is so small.
Modern reformers! when I see you desiring to replace this admirable
natural order by an arrangement of your own invention, there are two
things (although they are in reality one and the same) which confound
me,—namely, your want of faith in Providence, and your faith in
yourselves—your ignorance, and your presumption.
* * * * *
It follows from what I have said that the progress of mankind
coincides with the rapid creation of Capital; for to say that new
capital is formed, is just to say, in other words, that obstacles,
formerly onerously combated by labour, are now gratuitously combated
by nature; and that, be it observed, not for the profit of the
capitalist, but for the profit of the community.
Public-domain text, read in full here on John Shaqi.
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