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
In the meantime, the agriculturist, in order to effect, in
conjunction with nature, the production of corn, executes two kinds
of labour which are quite distinct. The one kind is applicable
directly and immediately to the crop of the year—is applicable only
to that, and must be paid for by that—such as sowing, weeding,
reaping, etc. The other, as building, clearing, draining, enclosing,
is applicable to an indefinite series of crops, and must be charged
to and spread over a course of years, and calculated according to
the tables of interest and annuities. The crops constitute the
remuneration of the agriculturist if he consumes them himself. If
he exchanges them, it is for services of another kind, and the
appreciation of the services so exchanged constitutes their value.
Now it is easy to see that this class of permanent works executed
by the agriculturist upon the land is a ‹value› which has not yet
received its entire recompense, but which cannot fail to receive
it. It cannot be supposed that he is to throw up his land and allow
another to step into his shoes without compensation. The value has
been incorporated and mixed up with the soil, and this is the reason
why we can with propriety employ a metonymy and say ‹the land has
value›. It has value, in fact, because it can be no longer acquired
without giving in exchange the equivalent for this labour. But what
I contend for is, that this land, on which its natural productive
power had not originally conferred any value, [p276] has no value
yet in this respect. This natural power, which was gratuitous then,
is gratuitous now, and will be always gratuitous. We may say, indeed,
that the land has ‹value›, but when we go to the root of the matter
we find, that what possesses value is the human labour which has
improved the land, and the capital which has been expended on it.
Hence it is rigorously exact to say that the proprietor of the land
is, after all, the proprietor only of a value which he has created,
of services which he has rendered; and what property can be more
legitimate? It is property created at no one’s expense, and neither
intercepts nor taxes the gifts of God.
Public-domain text, read in full here on John Shaqi.
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