What Is Free Trade?: An Adaptation of Frederic Bastiat's "Sophismes Éconimiques" Designed for the American ReaderBastiat, Frédéric
General
What Is Free Trade?: An Adaptation of Frederic Bastiat's "Sophismes Éconimiques" Designed for the American Reader
Bastiat, Frédéric
Free trade; Tariff -- United States
"In political economy there are no absolute principles."
In intelligible and vulgar language, that means: "I do not know where
is the true nor the false; I am ignorant of what constitutes general
good or evil; I give myself no trouble about it. The only law which I
consent to recognize, is the immediate effect of each measure upon my
personal comfort."
No absolute principles! You might as well say, there are no absolute
facts; for principles are only the summing up of well proven facts.
Machines, importations, have certainly consequences. These
consequences are good or bad. On this point there may be difference of
opinion. But whichever of these we adopt, we express it in one of
these two _principles_: "machines are a benefit," or "machines are an
evil." "Importations are favorable," or "importations are injurious."
But to say "there are no principles," is the lowest degree of
abasement to which the human mind can descend; and we confess we blush
for our country when we hear so monstrous a heresy uttered in the
presence of the American people, with their consent; that is to say,
in the presence and with the consent of the greater part of our
fellow-citizens, in order to justify Congress for imposing laws on us,
in perfect ignorance of the reasons for them or against them.
But then we shall be told, "destroy _the sophism_; prove that machines
do not injure _human labor_, nor importations _national industry_."
In an essay of this nature such demonstrations cannot be complete. Our
aim is more to propose difficulties than to solve them; to excite
reflection, than to satisfy it. No conviction of the mind is well
acquired, excepting that which it gains by its own labor. We will try,
nevertheless, to place it before you.
The opponents of importations and machines are mistaken, because they
judge by immediate and transitory consequences, instead of looking at
general and final ones.
The immediate effect of an ingenious machine is to economize, towards
a given result, a certain amount of handwork. But its action does not
stop there: inasmuch as this result is obtained with less effort, it
is given to the public for a lower price; and the amount of the
savings thus realized by all the purchasers, enables them to procure
other gratifications--that is to say, to encourage handwork in
general, equal in amount to that subtracted from the special handwork
lately improved upon--so that the level of work has not fallen, though
that of gratification has risen. Let us make this connection of
consequences evident by an example.
Public-domain text, read in full here on John Shaqi.
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