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
Finally, and at the risk of repetition, I shall, if I can, expose
the fallacy of the premises on which all the three conclusions are
based, namely, that ‹natural agents possess or create value›. If I
succeed in [p257] this, if I demonstrate that natural agents, even
when appropriated, produce, not Value, but Utility, which, passing
from the hands of the proprietor without leaving anything behind it,
reaches the consumer gratuitously,—in that case, all—Economists,
Socialists, Communists—must at length come to a common understanding
to leave the world, in this respect, just as it is.
«M. Considérant.»[59]—“In order to discover how and under what
conditions ‹private property› may Legitimately manifest and develop
itself, we must get possession of the ‹fundamental principle of the
Right of Property›; and here it is:
“Every man «POSSESSES LEGITIMATELY THE THINGS» ‹which have been›
«CREATED» ‹by his labour, his intelligence, or›, to speak more
generally, «BY HIS ACTIVITY».
“This Principle is incontestable, and it is right to remark that
it contains implicitly the acknowledgment of the Right of all to
the Soil. The earth not having been created by man, it follows in
fact, from the fundamental principle of Property, that the Soil,
which is a common fund given over to the species, can in no shape
legitimately become the absolute and exclusive property of this or
that individual who has not created ‹this value›. Let us establish,
then, the true Theory of Property, by basing it exclusively on the
unexceptionable principle which makes ‹the legitimacy of Property›
hinge upon the fact of ‹the› «CREATION» ‹of the thing, or of the
value possessed›. To accomplish this we must direct our reasoning
to the origin of industry, that is to say, to the origin and
development of agriculture, manufactures, the arts, etc., in human
society.
“Suppose that on a solitary island, on the territory of a nation, or
on the entire surface of the earth (for the extent of the field of
action makes no difference in our estimate of facts), a generation
of mankind devotes itself for the first time to industry—for
the first time engages in agriculture, manufactures, etc. Each
generation, by its labour, by its intelligence, by the exertion
of its own proper activity, ‹creates products, develops value›,
which did not exist on the earth in its rude and primitive state.
Is it not perfectly evident that, among the first generation of
labourers, Property would conform to Right, «PROVIDED» ‹the value
or wealth produced by the activity of all› were distributed among
the producers «IN PROPORTION TO THE CO-OPERATION» of each in the
creation of the general riches? That is beyond dispute.
“Now, the results of the labour of this generation may be divided
into two categories, which it is important to distinguish.
Public-domain text, read in full here on John Shaqi.
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