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
It is clear that, both parties being free, we must take into
consideration the trouble I have had, and the trouble I have
saved to the other party, as the circumstances which constitute
value. We discuss the conditions of the bargain, and, if we come
to terms, there is neither exaggeration nor subtilty in saying
that my neighbour has acquired ‹gratuitously›, or, if you will,
as ‹gratuitously as I did›, all the natural utility of the water.
Do you desire proof that the conditions, more or less onerous, of
the transaction are determined by the human efforts and not by the
intrinsic utility? It will be granted that the utility remains the
same whether the spring is distant or near at hand. It is the amount
of exertion made, or to be made, which depends upon the distance; and
since the remuneration varies with the exertion, it is in the latter,
and not in the utility, that the principle of relative value and
Property resides.
It is certain, then, that, in relation to others, I am, and can be,
proprietor only of my efforts, of my services, which have nothing in
common with the recondite and mysterious processes by which nature
communicates utility to the things which are the subject [p240] of
those services. It would be in vain for me to carry my pretensions
farther—at this point we must always in fact encounter the limit
of Property;—for if I exact more than the value of my services, my
neighbour will do the work for himself. This limit is absolute and
unchangeable. It fully explains and vindicates Property, thus reduced
to the natural and simple right of demanding one service for another.
It shows that the enjoyment of natural utility is appropriated only
nominally and in appearance; that the expression, Property in an acre
of land, in a hundredweight of iron, in a quarter of wheat, in a yard
of cloth, is truly a metonymy, like the expression, Value of water,
of iron, and so forth; and that so far as nature has given these
things to men, they enjoy them gratuitously and in common; in a word,
that Community is in perfect harmony with Property, the gifts of God
remaining in the domain of the one, and human services forming alone
the very legitimate domain of the other.
Public-domain text, read in full here on John Shaqi.
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