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, in no other species are the faculties so susceptible of vast
development as in man. It is his alone to compare and to judge, to
reason and to speak, to foresee, to sacrifice the present to the
future. He alone can transmit, from generation to generation, his
works, his thoughts, the treasures of his experience. He alone is
capable of a perfectibility which is indefinite, which forms a chain
the countless links of which would seem to stretch beyond the limits
of the present world.
Let me here set down an observation which belongs properly to
Political Economy. However extended may be the domain of our
faculties, they do not reach the length of ‹creating› anything.
Man cannot, in truth, augment or diminish the number of existing
particles of matter. His action is limited to subjecting the
substances which he finds around him to modifications and
combinations which fit them for his use.[25]
To modify substances, so as to increase their utility in relation
to us, is to ‹produce›, or rather it is one mode of producing.
From this I conclude that value (as we shall afterwards more fully
explain) does not reside in these substances themselves, but in the
effort which intervenes in order to modify them, and which exchange
brings into comparison with other analogous efforts. This is the
reason why value is simply the appreciation of services exchanged,
whether a material commodity does or does not intervene. As regards
the notion of value, it is a matter of perfect indifference whether
I render to another a direct service, as, for example, in performing
for him a surgical operation, or an indirect service, in preparing
for him a curative substance. In this last case the ‹utility› is in
the substance, but the ‹value› is in the service, in the effort,
intellectual and muscular, made by one man for the benefit of
another. It is by a pure metonymy that we attribute value to the
material substance itself, and here, as on many other occasions,
metaphor leads science astray.
I return to the subject of man’s organization. If we adhere to the
preceding notions, he differs from other animals only in the greater
extent of his wants, and the superiority of his powers. All, in
fact, are subject to the one and provided with the other. A bird
undertakes long journeys in search of the temperature which suits
it best—the beaver crosses the river on a bridge of [p101] his own
construction—the hawk pursues his prey openly—the cat watches for it
with patience—the spider prepares a snare—all labour in order to live
and multiply.
Public-domain text, read in full here on John Shaqi.
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