But even if we confine our attention to products and services generally
marketable, and to bargains thoroughly understood on both sides,
there are still serious difficulties in the way of identifying the
notions of ‘free’ and ‘fair’ exchange. Thus, where an individual, or
combination of individuals, has the monopoly of a certain kind of
services, the market-price of the aggregate of such services can under
certain conditions be increased by diminishing their total amount; but
it would seem absurd to say that the social Desert of those rendering
the services is thereby increased, and a plain man has grave doubts
whether the price thus attained is fair. Still less is it thought fair
to take advantage of the transient monopoly produced by emergency:
thus, if I saw Crœsus drowning and no one near, it would not be held
fair in me to refuse to save him except at the price of half his
wealth. But if so, can it be fair for any class of persons to gain
competitively by the unfavourable economic situation of another class
with which they deal? And if we admit that it would be unfair, where
are we to draw the line? For any increase of the numbers of a class
renders its situation for bargaining less favourable: since the market
price of different services depends partly upon the ease or difficulty
of procuring them--as Political Economists say, ‘on the relation
between the supply of services and the demand for them’--and it does
not seem that any individual’s social Desert can properly be lessened
merely by the increased number or willingness of others rendering the
same services. Nor, indeed, does it seem that it can be decreased by
his own willingness, for it is strange to reward a man less because
he is zealous and eager in the performance of his function; yet in
bargaining the less willing always has the advantage. And, finally, it
hardly appears that the social worth of a man’s service is necessarily
increased by the fact that his service is rendered to those who can pay
lavishly; but his reward is certainly likely to be greater from this
cause.
Public-domain text, read in full here on John Shaqi.
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