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
Another observation, which we owe to J. B. Say, and which is almost
self-evident, although too much neglected by many authors, is, that
man ‹creates› neither the ‹materials› nor the ‹forces› of nature,
if we take the word ‹create› in its exact signification. These
materials, these forces, have an independent existence. Man can only
combine them or displace them, for his own benefit or that [p091]
of others. If for his own, ‹he renders a service to himself›,—if for
the benefit of others, ‹he renders service to his fellows›, and has
the right to exact an ‹equivalent› service. Whence it also follows
that ‹value› is proportional to the service rendered, and not at all
to the absolute ‹utility› of the thing. For this ‹utility› may be
in great part the result of the ‹gratuitous› action of Nature, in
which case the human service, the onerous service, the service to be
remunerated, is of little value. This results from the axiom above
established—namely, that ‹to bring a thing to the highest degree of
utility, the action of man is inversely as the action of Nature›.
This observation overturns the doctrine which places value in the
‹materiality› of things. The contrary is the truth. The materiality
is a quality given by Nature, and consequently ‹gratuitous›, and
devoid of ‹value›, although of incontestable utility. Human action,
which can never succeed in ‹creating› matter, constitutes alone the
service which man in a state of isolation renders to himself, or that
men in society render to each other; and it is the free appreciation
of these ‹services› which is the foundation of ‹value›. Far, then,
from concluding with Adam Smith that it is impossible to conceive of
value otherwise than as residing in material substance, we conclude
that between Matter and Value there is no possible relation.
This erroneous doctrine Smith deduced logically from his principle,
that those classes alone are ‹productive› who operate on material
substances. He thus prepared the way for the modern error of the
‹socialists›, who have never done representing as ‹unproductive›
parasites those whom they term ‹intermediaries› between the producer
and consumer—the merchant, the retail dealer, etc. Do they render
services? Do they save us trouble by taking trouble for us? In that
case they create ‹value›, although they do not create matter; and
as no one can create matter, and we all confine our exertions to
rendering reciprocal services, we pronounce with justice that all,
including agriculturists and manufacturers, are ‹intermediaries› in
relation one to another.
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