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
I suppose him a plain student. What is his business in Paris? How
does he live? It cannot be disputed that society places at his
disposal food, clothing, lodging, amusements, books, means of
instruction, a multitude of things, in short, which would take a
long time not only to produce, but even to explain how they were
produced. And what services has this student rendered to society
in return for all these things which have exacted so much labour,
toil, fatigue, physical and intellectual effort, so many inventions,
transactions, and conveyances hither and thither? None at all. He is
only preparing to render services. Why, then, have so many millions
of men abandoned to him the fruits of their positive, effective,
and productive labour? Here is the explanation:—The father of this
student, who was a lawyer, perhaps, or a physician, or a merchant,
had formerly rendered services—it may be to society in China,—and
had been remunerated, not by immediate services, but by a ‹title› to
demand services, at the time, in the place and under the form that
might be most suitable and convenient to him. [p051] It is of these
past and distant services that society is now acquitting itself, and
(astonishing as it seems) if we follow in thought the infinite range
of transactions which must have had place in order to this result
being effected, we shall see that every one has been remunerated
for his labour and services; and that these ‹titles› have passed
from hand to hand, sometimes divided into parts, sometimes grouped
together, until, in the consumption of this student, the entire
account has been squared and balanced. Is not this a very remarkable
phenomenon?
We should shut our eyes to the light of day, did we fail to perceive
that society could not present combinations so complicated, and in
which civil and penal laws have so little part, unless it obeyed
the laws of a mechanism wonderfully ingenious. The study of that
mechanism is the business of ‹Political Economy›.
Public-domain text, read in full here on John Shaqi.
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