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
If the resources which nature has accumulated around man and placed
at his disposal are varied, the human faculties themselves are not
less so. We are not all equally endowed with strength, courage,
intelligence, patience, or with artistic, literary, and industrial
aptitudes. Without exchange, this diversity, far from contributing
to our well-being, would contribute to our misery, each feeling less
the advantage of those Faculties he possessed than the deprivation
of those he wanted. Thanks to exchange, a man possessed of bodily
strength may, up to a certain point, dispense with genius, and a man
of intelligence with bodily strength; for by the admirable community
which the power of exchange establishes among men, each individual
participates in the distinctive qualities of his neighbours.
In order to obtain the satisfactions he desires, it is not enough,
in most cases, to work—to exercise his faculties upon, or by means
of, natural agents. He requires also to have tools, instruments,
machines, provisions—in a word, Capital. Suppose a small tribe,
composed of ten families, each, in working exclusively for itself,
being obliged to engage in ten different employments. In that case
each family must have ten sets of industrial apparatus. The tribe
would require to possess ten ploughs, ten teams of oxen, ten forges,
ten joiner’s and carpenter’s workshops, ten looms, etc.; while, with
the power of exchange, a single plough, a single team, a single
forge, a single loom, would be sufficient. It is impossible to
conceive the economy of Capital which we owe to exchange.
The reader now sees clearly what constitutes the true power of
exchange. It is not, as Condillac says, that it implies ‹two gains›,
because of each of the contracting parties valuing more highly what
he receives than what he gives. Neither is it that each gives away
what is superfluous for what is necessary. It lies simply in this,
that when one man says to another, “Do you only this, and I shall
do only that, and we shall divide,” there is a better and more
advantageous employment of labour, of faculties, of natural agents,
of capital, and consequently there is ‹more› to divide. And these
results take place to a still greater extent when [p108] three, ten,
a hundred, a thousand, or several millions of men enter into the
association.
The two propositions which I have laid down, then, are rigorously
true, viz.:—
‹In isolation our wants exceed our powers;›
‹In society our powers exceed our wants.›
The first is true, seeing that the whole surface of our country would
not maintain one man in a state of absolute isolation.
The second is true, seeing that, in fact, the population which is
spread over that same surface multiplies and grows richer.
Public-domain text, read in full here on John Shaqi.
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