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
Thus, there are very few of them who, so far as I know, have not
attributed ‹value› to natural agents, to the gifts which God has
vouchsafed ‹gratuitously› to His creatures. The word ‹value› implies
that we do not give away the portion of it which we possess except
for an equivalent consideration. Here, then, we have men, especially
proprietors of land, bartering for effective labour the gifts of God,
and receiving recompense for utilities in the creation of which their
labour has had no share—an evident, but a necessary, injustice, say
these writers.
Then comes the famous theory of Ricardo, which may be summed up in a
few words: The price of the necessaries of life depends on the labour
required to produce them on the least productive land in cultivation.
Then the increase of population obliges us to have recourse to soils
of lower and lower fertility. Consequently mankind at large (all
except the landowners) are forced to give a larger and larger amount
of labour for the same amount of subsistence; or, what comes to the
same thing, to receive a less and less amount of subsistence for
the same amount of labour,—whilst the landowners see their rentals
swelling by every new descent to soils of an inferior quality.
Conclusion: Progressive opulence of men of leisure—progressive
poverty of men of labour; in other words, fatal inequality.
Finally, we have the still more celebrated theory of Malthus, that
population has a tendency to increase more rapidly than the means
of subsistence, and that at every given moment of the life of man.
Now, men cannot be happy, or live in peace, if they have not the
means of support; and there are but two obstacles to this increase
of population which is always threatening us, namely, a diminished
number of births, or an increase of mortality in all its dreadful
forms. Moral restraint, to be efficacious, must be universal, and
no one expects that. There remains, then, only the repressive
obstacles—vice, poverty, war, pestilence, famine; in other words,
pauperism and death.
I forbear to mention other systems of a less general bearing,
which tend in the same way to bring us to a dead-stand. Monsieur
de Tocqueville, for example, and many others, tell us, if we admit
the right of primogeniture, we arrive at the most concentrated
aristocracy—if we do not admit it, we arrive at ruin and sterility.
[p039]
And it is worthy of remark, that these four melancholy theories do
not in the least decree run foul of each other. If they did, we might
console ourselves with the reflection that they are alike false,
since they refute each other. But no,—they are in unison, and make
part of one and the same general theory, which, supported by numerous
and specious facts, would seem to explain the spasmodic state of
modern society, and, fortified by the assent of many masters in the
science, presents itself with frightful authority to the mind of the
confused and discouraged inquirer.
Public-domain text, read in full here on John Shaqi.
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