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
“If it be impossible,” he remarks, “for production to be effected,
not only without land and without capital, but without these means
of production previously becoming ‹property›, may it not be said
that proprietors of land and capital exercise a productive function,
since, without the employment of these means, production would
not take place?—a convenient function no doubt, but which, in the
present state of society, presupposes accumulation, which is the
result of production or saving,” etc.
The confusion here is palpable. The accumulation has been effected
by the proprietor in his character of Capitalist—a character with
which at present we have no concern. But what M. Say represents
as convenient is the part played by the proprietor, in his proper
character of proprietor, exacting a price for the gifts of God. It is
this part which it is necessary to vindicate, and it has no connexion
with either accumulation or saving.
“If, then, property in land and in capital” (why assimilate the
two?) “be the fruit of production, I am warranted in representing
such property as a working and productive machine, for which its
author, although sitting with his hands across, is entitled to exact
a recompense.”
Still the same confusion. The man who constructs a machine is
proprietor of a ‹capital›, from which he legitimately derives an
income, because he is paid, not for the labour of the machine, but
for his own labour in constructing it. But ‹land›, or ‹territorial›
property, is ‹not the result of human production›. What right, then,
have we to be paid for its co-operation? The author has here mixed up
two different kinds of property in the same category, in order that
the same reasons which justify the one may serve for the vindication
of the other.
«Blanqui.»—“The agriculturist who tills, manures, sows, and
reaps his field, furnishes labour, without which nothing would be
produced. But the action of the soil in making the seed germinate,
and of the sun in bringing the plant to maturity, are independent
of that labour, and co-operate in the formation of the ‹value›
represented by the harvest. . . Smith and other Economists pretend
that the labour of [p256] man is the exclusive source of value.
Assuredly the industry of the labourer is not the exclusive source
of the value of a sack of corn or a bushel of potatoes. His skill
can no more succeed in producing the phenomenon of germination than
the patience of the alchymist could succeed in discovering the
philosopher’s stone. This is evident.”
It is impossible to imagine a more complete confusion than we have
here, first between utility and value, and then between onerous and
gratuitous utility.
Public-domain text, read in full here on John Shaqi.
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