Harmonies of Political Economy: Translated from the Third French Edition, with a Notice of the Life and Writings of the Author — John Shaqi
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
Now, as the good burgess, Jacques Bonhomme constitutes a fraction of
society at large, we are forced to conclude that society, taken in
the aggregate, and after all accounts of labour and enjoyment have
been squared, has lost the value of the pane which has been broken.
Whence, on generalizing, we arrive at this unexpected conclusion,
that “Society loses the value of things uselessly destroyed;” and
we arrive also at this aphorism, which will make the hair of the
prohibitionists stand on end, that “to smash, break, [p025] and
dissipate is not to encourage national industry;” or, more briefly,
that “there is no profit in destruction.”
The reader will take notice that there are not two persons only, but
three, in the little drama to which we have called his attention.
One of them—namely, Jacques Bonhomme—represents the consumer,
reduced by destruction to one enjoyment in place of two. The glazier
represents the producer, whose trade is encouraged by the accident.
The third is the shoemaker (or some other tradesman), whose trade is
discouraged to the same extent by the same cause. It is this third
personage who is always kept in the shade, and who, as representing
‹what we don’t see›, is a necessary element in the problem. It is he
who enables us to discover how absurd it is to try to find profit
in destruction. It is he who will soon teach us that it is not less
absurd to try to discover profit in restriction, which is, after
all, only partial destruction. Go to the bottom of all the arguments
which are urged in favour of restriction, and you will find only a
paraphrase of the vulgar saying,—“‹If no windows were broken, what
would the glaziers do?›”
The distinction thus established between immediate effects and
ultimate consequences, between surface appearances and substantial
realities, between ‹what we see and what we don’t see›, the author
proceeds, in the same happy vein, to apply to taxation, the proceeds
of which are said to come back to the labour-market like refreshing
showers,—to overgrown and unnecessary armaments, and extravagant
public works, which are defended as affording employment to the
working-classes,—to industrial and commercial restrictions, which
are justified on the same ground,—to the questions of machinery, of
credit, of colonization, of luxury and unproductive consumption, etc.
The entire work does not extend to eighty pages, and in every one of
its twelve short chapters Bastiat demolishes a specious fallacy or a
pernicious error.
Public-domain text, read in full here on John Shaqi.
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