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
“The ‹first category› includes the products of the soil, which
belong to this first generation in its character of usufructuary,
as having been increased, refined, or manufactured by its labour,
by its industry. These products, whether raw or manufactured,
consist either of objects of consumption or of instruments of
labour. It is clear that these products belong, ‹in entire and
legitimate property›, to those who have created them by their
activity. Each of them, then, has «RIGHT», either to consume these
products immediately, to store them up to be disposed of afterwards
at pleasure, or to employ them, exchange them, give them away, or
transmit them to any one he chooses, without receiving authority
from anyone. On this hypothesis, this Property is evidently
‹Legitimate›, respectable, sacred. We cannot assail it without
assailing ‹Justice›, ‹Right›, ‹individual liberty›,—without, in
short, being guilty of Spoliation.
“‹Second category.› But the creations attributable to the
industrious activity of this first generation are not all included
in the preceding category. This generation has created not only the
products which we have just described (objects of consumption and
instruments of labour),—it has also added an ‹additional value› to
the ‹primitive value› of the soil, by cultivation, by erections, by
the permanent improvements which it has executed.
“This additional value constitutes evidently a product, a value, due
to the activity of the first generation. Now, if by any means (we
are not concerned at present with the question of means),—if by any
means whatever the property of this additional value is equitably
distributed among the different members of society, that is to say,
is distributed among them proportionally to the co-operation of
each in its creation, each will possess ‹legitimately› the portion
which has fallen to him. He may, then, dispose of this individual
Property, legitimate as he sees it to be, exchange it, give it away,
or transmit it without control, society having over these values no
right or power whatsoever. [p258]
“We may, therefore, easily conceive that when the second generation
makes its appearance, it will find upon the land two sorts of
Capital:
“1st, The ‹primitive or natural capital›, which has not been created
by the men of the first generation—that is, the ‹value› of the land
in its rough, uncultivated state.
“2d, The ‹capital created› by the first generation: including (1),
the ‹products›, commodities, and instruments, which shall not have
been consumed or used by the first generation; (2), the additional
value which the labour of the first generation has added to the
value of the rough, uncultivated land.
Public-domain text, read in full here on John Shaqi.
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