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
Landed Property receives the first blow, and so it should. Not that
natural agents do not bear their part in all manufactures, but these
agents manifest themselves more strikingly to the eyes of the vulgar
in the phenomena of vegetable and animal life, in the production of
food, and of what are improperly called ‹matières premières› [raw
materials], which are the special products of agriculture.
Besides, if there be any one monopoly more revolting than another, it
is undoubtedly a monopoly which applies to the first necessaries of
life.
The confusion which I am exposing, and which is specious in a
scientific view, since no theorist I am acquainted with has got rid
of it, becomes still more specious when we look at what is passing
around us.
We see the landed Proprietor frequently living without labour, and we
draw the conclusion, which is plausible enough, that “he must surely
be remunerated for something else than his work.” And what can this
something else be, if not the fecundity, the productiveness, the
co-operation of the soil as an instrument? It is, then, the ‹rent of
land› which we must brand, in the language [p251] of the times, with
the names of necessary monopoly, privilege, illegitimacy, theft.
We must admit that the authors of this theory have encountered a fact
which must have powerfully tended to mislead them. Few land estates
in Europe have escaped from conquest and all its attendant abuses;
and science has confounded the violent methods by which landed
property has been acquired with the methods by which it is naturally
formed.
But we must not imagine that the false definition of the word
‹value› tends only to unsettle landed property. Logic is a terrible
and indefatigable power, whether it sets out with a good or a bad
principle! As the earth, it is said, makes light, heat, electricity,
vegetable life, etc., co-operate in the production of value, does
not capital in the same way make gravitation, elasticity, the wind,
etc., concur in producing value? There are other men, then, besides
agriculturists who are paid for the intervention of natural agents.
This remuneration comes to capitalists in the shape of Interest, just
as it comes to proprietors in the shape of Rent. War, then, must be
declared against Interest as it has been against Rent!
Property has had a succession of blows aimed at it in the name of
this principle, false as I think, true according to the Economists
and ‹Egalitaires›, namely, that ‹natural agents possess or create
value›. This is a postulate upon which all schools are agreed. They
differ only in the boldness or timidity of their deductions.
The Economists say that ‹property› (in land) ‹is a monopoly›, but a
monopoly which is necessary, and which must be maintained.
The Socialists say that ‹property› (in land) ‹is a monopoly›, but a
monopoly which is necessary, and which must be maintained,—and they
demand compensation for it in the shape of right to employment [‹le
droit au travail›].
Public-domain text, read in full here on John Shaqi.
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