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
God has, besides, endued matter with forces—gravitation, elasticity,
porosity, compressibility, heat, light, electricity, crystallization,
vegetable life.
He has placed man in the middle of these materials and forces, which
he has delivered over to him gratuitously.
Men set themselves to exercise their activity upon these materials
and forces; and in this way they render service to themselves.
They also work for one another, and in this way render reciprocal
services. These services, compared by the act of exchange, give rise
to the idea of Value, and Value to that of Property.
Each man, then, becomes an owner or proprietor in proportion to the
services he has rendered. But the materials and forces given by God
to man gratuitously, at the beginning, have continued gratuitous,
and are and must continue to be so through all our transactions; for
in the estimates and appreciations to which exchange gives rise, the
‹equivalents› are ‹human services›, not the ‹gifts of God›.
Hence it follows that no human being, so long as transactions are
free, can ever cease to be the usufructuary of these gifts. A single
condition is laid down, which is, that we shall execute the labour
necessary to make them available to us, or, if any one makes this
exertion for us, that we make for him an equivalent exertion.
If this account of the matter be true, Property is indeed
unassailable. [p250]
The universal instinct of mankind, more infallible than the
lucubrations of any individual, had adopted this view of the subject
without refining upon it, when theory began to scrutinize the
foundations of Property.
Theory unhappily began in confusion, mistaking Utility for Value, and
attributing an inherent ‹value›, independent of all human service, to
the materials or forces of nature. From that moment property became
unintelligible, and incapable of justification.
For utility is the relation between commodities and our organization.
It necessarily implies neither efforts, nor transactions, nor
comparisons. We can conceive of it ‹per se›, and in relation to man
in a state of isolation. Value, on the contrary, is a relation of man
to man. To exist at all, it must exist in duplicate. Nothing isolated
can be compared. Value implies that the person in possession of it
does not transfer it except for an equivalent value. The theory,
then, which confounds these two ideas, takes for granted that a
person, in effecting an exchange, gives pretended value of natural
creation for true value of human creation, utility which exacts no
labour for utility which does exact it; in other words, that he can
profit by the labour of another without working himself. Property,
thus understood, is called first of all a ‹necessary monopoly›, then
simply a ‹monopoly›,—then it is branded as ‹illegitimate›, and last
of all as ‹robbery›.
Public-domain text, read in full here on John Shaqi.
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