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
That, on the one hand, the true meaning of the word ‹value› is
what I have already demonstrated it to be (Chapter V.); and that,
on the other, men are never, and never can be, as regards each
other, proprietors of anything but ‹value›, is evident as well from
reasoning as from experience. From reasoning—for why should I go to
purchase from a man, by means of an effort, what, without any effort,
I can obtain from nature? From universal experience, which is too
weighty to be despised in this question,—nothing being more fitted
to give us confidence in a theory than the rational and practical
acquiescence of men of all ages and all countries. Now I say that
universal consent ratifies the sense which I give here to the word
Property. When a public officer makes an inventory after a death,
or by authority of justice, of when a merchant, manufacturer, or
farmer does the same thing for his own satisfaction, or when it is
done by officials under a bankruptcy—what do they inscribe on the
stamped rolls as each object presents itself? Is it its ‹utility›,
its intrinsic merit? No, it is its ‹value›, that is to say, the
equivalent of the trouble which, any purchaser taken at random would
have in procuring himself a similar commodity. Does a jury named
by a judge to report upon a work or a commodity inquire whether it
be more useful than another work or commodity? Do they take into
consideration the enjoyments which may be thereby procured? Do
they esteem a hammer more than a china jar, because the hammer is
admirably adapted to make the law of gravitation available to its
possessor? or a glass of water more than a diamond, because the
former is capable of rendering more substantial service? or the
work of Say more than the work of Fourier, because from the former
we can draw more rational enjoyment and more solid instruction? No,
they ‹value›, they set down the ‹value›, in rigorous conformity,
observe, with my definition, or, to say better, it is my definition
which is in conformity with their practice. They take into account,
not the natural advantages, or the gratuitous utility, attached to
each commodity, but the exertion which each acquirer should have to
make for himself, or to require another to make for him, in order
to procure it. They never think of the exertion which nature has
made, if I may hazard the expression, but upon the exertion which
the purchaser would have had to make. And when the operation is
terminated, when the public is told the sum total of Value which is
carried to the balance-sheet, they exclaim with one voice, Here is
the wealth which is available to the «Proprietor».
As property includes nothing but value, and as value expresses only a
relation, it follows that property itself is only a relation. [p228]
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