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
Such is the great law of Capital and Labour in what concerns the
distribution of the product of their joint agency. Each of them has a
greater and greater ‹absolute› share, but the ‹proportional› share of
the capitalist is continually diminished as compared with that of the
labourers.
Cease, then, capitalists and workmen, to regard each other with
an eye of envy and distrust. Shut your ears against those absurd
declamations which proceed from ignorance and presumption, which,
under pretence of insuring future prosperity, blow the flame
of present discord. Be assured that your interests are one and
identical; that they are indisputably knit together; that they tend
together towards the realization of the public good; that the toils
of the present generation mingle with the labours of generations
which are past; that all who co-operate in the work of production
receive their share of the produce; and that the most ingenious and
most equitable distribution is effected among you by the wise laws of
Providence, and under the empire of freedom, independently altogether
of a parasite sentimentalism, which would impose upon you its decrees
at the expense of your well-being, your liberty, your security, and
your self-respect.
Capital has its root in these attributes of man—Foresight,
Intelligence, and Frugality. To set about the creation of capital
we must look forward to the future, and sacrifice the present to
it—we must exercise a noble empire over ourselves and over our
appetites; we must resist the seduction of present enjoyments, the
impulses of vanity and the caprices of fashion and of public opinion,
always so indulgent to the thoughtless and the prodigal. We must
study cause and effect, in order to discover by what processes, by
what instruments, nature can be made to co-operate in the work of
production. We must be animated by love for our families, and not
grudge present sacrifices for the sake of those who are dear to us,
and who will reap the fruits after we ourselves have disappeared from
the scene. To create capital is to prepare food, clothing, shelter,
leisure, instruction, independence, dignity, for future generations.
Nothing of all this can be effected without bringing into play
motives which are eminently social, and, what is more, converting
these virtues into habits.
Public-domain text, read in full here on John Shaqi.
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