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
As regards the soil, observe, this man would be placed in exactly the
same situation which mankind at large occupied at the beginning. Now
I fear not to be contradicted when I assert that this man would not
produce a hectolitre of corn in two years: Ratio 15 to 600.
And now we can measure the progress which has been made. As regards
corn—and despite his being obliged to pay rent for his land, interest
for his capital, and hire for his tools—or rather because he pays
them—a labourer now obtains with 15 days’ work what he would formerly
have had difficulty in procuring with 600 days’ work. The value of
corn, then, measured by unskilled labour, has fallen from 600 to 15,
or from 40 to 1. A hectolitre of corn has for man the same utility
it had the day after the deluge—it contains the same quantity of
alimentary substance—it satisfies the same want, and in the same
degree. It constitutes an equal amount of ‹real wealth›—it does not
constitute an equal amount of ‹relative wealth›. Its production has
been transferred in a great measure ‹to the charge of nature›. It is
obtained with ‹less› human ‹effort›. It renders ‹less service› in
passing from hand to hand, it has less ‹value›. In a word, it has
become ‹gratuitous›—not absolutely, but in the proportion of 40 to 1.
And not only has it become ‹gratuitous›—it has become ‹common› to the
same extent. For it is not to the profit of the person who produces
the corn that 39-40ths of the effort have been annihilated, but to
the advantage of the consumer, whatever be the kind of labour to
which he devotes himself.
‹Clothing.›—We have here again the same phenomenon. A common
day-labourer enters one of the warehouses at the Marais,[54] and
there obtains clothing corresponding to twenty days of his labour,
which we suppose to be unskilled. Were he to attempt to make [p231]
this clothing himself, his whole life would be insufficient. Had he
desired to obtain the same clothing in the time of Henri Quatre, it
would have cost him three or four hundred days’ work. What then has
become of this difference in the ‹value› of these stuffs in relation
to the quantity of unskilled labour? It has been annihilated, because
the ‹gratuitous› forces of nature now perform a great portion of the
work, and it has been annihilated to the advantage of mankind at
large.
Public-domain text, read in full here on John Shaqi.
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