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
The world may be regarded as a vast workshop which Providence has
supplied abundantly with materials and forces of which human labour
makes use. Anterior efforts, present efforts, even future efforts,
or promises of efforts, are exchanged for each other. Their relative
merit, as established by exchange, and independently of gratuitous
forces and materials, brings out the element of value; and it is of
the value created by each individual that each is owner or proprietor.
But what does it signify, it may be said, that a man is proprietor
only of the value, or of the acknowledged merit of his service? The
possession of the value carries along with it that of the utility
which is mingled with it. John has two sacks of corn. Peter has only
one. John, you say, is twice as rich in ‹value›. Surely, then, he is
also twice as rich in utility, even natural utility. He has twice as
much to eat.
Unquestionably it is so: but has he not performed double the labour?
Let us come, nevertheless, to the root of the objection.
Essential, absolute wealth resides, as we have said, in utility. The
very word implies this. It is ‹utility› alone which renders ‹service›
(‹uti›—in French ‹servir›). It alone has relation to our wants, and
it is it alone which man has in view when he devotes himself to
labour. Utility at all events is the ultimate object of pursuit; for
things do not satisfy our hunger or quench our thirst because they
include value, but because they possess utility.
We muse take into account, however, the phenomenon which society
exhibits in this respect.
Man in a state of isolation seeks to realize utility without [p237]
thinking about value, of which, in that state, he can have no idea.
In the social state, on the contrary, man seeks to realize value
irrespective of utility. The commodity he produces is not intended to
satisfy his own wants, and he has little interest in its being useful
or not. It is for the person who desires to acquire it to judge of
that. What concerns the producer is, that it should bear as high a
value as possible in the market, as he is certain that the utilities
he has to receive in return will be in proportion to the value of
what he carries thither.
The division of labour and of occupation leads to this result, that
each produces what he does not himself consume, and consumes what he
does not himself produce. As producers, what we are in quest of is
value; as consumers, what we seek is utility. Universal experience
testifies to this. The man who polishes a diamond, or embroiders
lace, or distils brandy, or cultivates the poppy, never inquires
whether the consumption of these commodities is good or bad in
itself. He gives his work, and if his work realizes value, that is
enough for him.
Public-domain text, read in full here on John Shaqi.
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