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
But this is not the true state of the matter. The irresistible
tendency of the human mind, stimulated by self-interest and assisted
by a series of discoveries, is to substitute natural and gratuitous
co-operation for human and onerous concurrence; so that a given
utility, although remaining the same as far as the result and the
satisfactions which it procures us are concerned, represents a
smaller and smaller amount of labour. In fact, it is impossible not
to perceive the immense influence of this marvellous phenomenon on
our notion of value. For what is the result of it? This, that in
every product the ‹gratuitous› element tends to take the place of the
‹onerous›; that ‹utility›, being the result of two ‹collaborations›,
of which one is remunerated and the other is not, Value, which has
relation only to the first of these united forces, is diminished,
and makes room for a ‹utility› which is identically the same, and
this in proportion as we succeed in constraining Nature to a more
efficacious co-operation. So that we may say that mankind have as
many more ‹satisfactions›, as much more ‹wealth›, as they have less
‹value›. Now, the majority of authors having employed these three
terms, ‹utility›, ‹wealth›, ‹value›, as synonymous, the result has
been a theory which is not only not true, but the reverse of true. I
believe sincerely that a more exact description of this combination
of natural forces and human forces in the business of production,
in other words, a juster definition of Value, would put an end to
inextricable theoretical confusion, and would reconcile schools
which are now divergent; and if I am now anticipating somewhat in
entering on this subject here, my justification with the reader is
the necessity of explaining in the outset certain ideas of which
otherwise he would have difficulty in perceiving the importance.
Returning from this digression, I resume what I had to say upon man
considered exclusively in an economical point of view.
Public-domain text, read in full here on John Shaqi.
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