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 any of these cases, he gives ‹little› of his own labour in
exchange for ‹much› of the labour of other men. His services have a
high relative ‹value›, and we are led to believe that this excess
of value resides in the natural agent. If it were so, this value
would not be subject to fall. Now, what proves that the value is in
the service is, that we find Competition diminishing both value and
service simultaneously.
1. Natural agents—the gifts of God—are not distributed uniformly
over the different countries of the world. What an infinite variety
of vegetable productions are spread over the wide range [p294]
extending from the region of the pine to the region of the palm
tree! Here the soil is more productive, there the heat is more
vivifying. In one quarter we meet with stone, in another with lime,
in another with iron, copper, or coal. Water-power is not to be
found everywhere, nor can we everywhere avail ourselves to an equal
extent of the power of the winds. Distance, from the objects we find
essential, of itself makes a vast difference in the obstacles which
our efforts encounter. Even the human faculties vary in some measure
with climate and races.
It is easy to see that, but for the law of Competition, this
inequality in the distribution of the gifts of God would lead to a
corresponding inequality in the condition of men.
Whoever happened to have within reach a natural advantage would
profit by it, but his fellow-men would not. He would not permit
other men to participate in it through his instrumentality, without
stipulating an excessive remuneration, the amount of which he
would have the power of fixing arbitrarily. He could attach to his
services any value he pleased. We have seen that the extreme limits
between which it must be determined are, the ‹pains taken› by the
man who renders the service and the ‹pains saved› to the man who
receives it. Competition alone hinders its being always raised to
the maximum. The inhabitant of the tropics, for example, would say
to the European—“Thanks to the sun’s rays, I can, with labour
‹equal to ten›, procure a given quantity of sugar, coffee, cocoa, or
cotton, whilst you, obliged in your cold climate to have recourse
to hot-houses, stoves, and shelter, cannot obtain the same quantity
but with labour equal ‹to a hundred›. You wish to obtain my coffee,
sugar, or cotton, and you would not be sorry were I to take into
account in the transaction only the pains which I have taken, the
labour I have expended. But what I regard principally is the pains,
the labour, I have saved you; for, aware that that is the limit
of your resistance, I make it the limit of my exaction. As what I
produce with an amount of labour equal to ‹ten›, you could produce
only with labour equal to ‹a hundred›, were I to demand in exchange
for my sugar a commodity which cost you labour equal to 101, you
would certainly refuse; but all that I ask is labour equal to 99.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account