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
Here is an example of it. In order to obtain a good crop, it is
necessary that the field should be freed from superfluous moisture.
Suppose this species of labour to be still included in the first
category. Suppose that the cultivator goes every morning with a jar
to carry off the stagnant water where it is productive of injury.
It is clear that at the year’s end the land would have acquired no
additional ‹value›, but the price of the grain would be enormously
enhanced. It would be the same in the case of all those who followed
the same process while the art of draining was in this primitive
state. If the proprietor were to make a drain, that moment the
land would acquire ‹value›, for this labour pertains to the second
category—that which is incorporated with the land—and must be
reimbursed by the products of consecutive years; and no one could
expect to acquire the land without recompensing this work. Is it not
true, however, that it would tend to lower the value of the crop?
Is it not true that although during the first year it exacted an
extraordinary exertion, it saves in the long-run more labour than it
has occasioned? Is it not true that the draining thenceforth will be
executed by the gratuitous law of hydrostatics more economically than
it could be by muscular force? Is it not true that the purchasers
of corn will benefit by this operation? Is it not true that they
should esteem themselves fortunate in this new value acquired by
the soil? And, having reference to more general considerations, is
it not true, in fine, that the value of the soil attests a progress
realized, not for the advantage of the proprietor only, but for that
of society at large? How absurd, then, and suicidal in society to
exclaim: The additional price charged for corn, to meet the interest
of the capital expended on this drain, and ultimately to replace that
capital, or its equivalent, as represented in the value of the land,
is a privilege, a monopoly, a theft! At this rate, to cease to be a
monopolist and a thief, the proprietor should have only to fill up
his drain and betake himself to his jar. Would the man who has no
property, and lives by wages, be any gainer by that?
Public-domain text, read in full here on John Shaqi.
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