Essays on Political Economy eBook

Frédéric Bastiat
This eBook from the Gutenberg Project consists of approximately 213 pages of information about Essays on Political Economy.

Essays on Political Economy eBook

Frédéric Bastiat
This eBook from the Gutenberg Project consists of approximately 213 pages of information about Essays on Political Economy.
the cause, the alpha for the omega; because its presence in the world, though in itself beneficial, has, nevertheless, introduced a fatal notion, a perversion of principles, a contradictory theory, which, in a multitude of forms, has impoverished mankind and deluged the earth with blood.  I cry out against it, because I feel that I am incapable of contending against the error to which it has given birth, otherwise than by a long and fastidious dissertation to which no one would listen.  Oh! if I could only find a patient and benevolent listener!

B. Well, it shall not be said that for want of a victim you remain in the state of irritation in which you now are.  I am listening; speak, lecture, do not restrain yourself in any way.

F. You promise to take an interest?

B. I promise to have patience.

F. That is not much.

B. It is all that I can give.  Begin, and explain to me, at first, how a mistake on the subject of cash, if mistake there be, is to be found at the root of all economical errors?

F. Well, now, is it possible that you can conscientiously assure me, that you have never happened to confound wealth with money?

B. I don’t know; but, after all, what would be the consequence of such a confusion?

F. Nothing very important.  An error in your brain, which would have no influence over your actions; for you see that, with respect to labour and exchange, although there are as many opinions as there are heads, we all act in the same way.

B. Just as we walk upon the same principle, although we are not agreed upon the theory of equilibrium and gravitation.

F. Precisely.  A person who argued himself into the opinion that during the night our heads and feet changed places, might write very fine books upon the subject, but still he would walk about like everybody else.

B. So I think.  Nevertheless, he would soon suffer the penalty of being too much of a logician.

F. In the same way, a man would die of hunger, who having decided that money is real wealth, should carry out the idea to the end.  That is the reason that this theory is false, for there is no true theory but such as results from facts themselves, as manifested at all times, and in all places.

B. I can understand, that practically, and under the influence of personal interest, the fatal effects of the erroneous action would tend to correct an error.  But if that of which you speak has so little influence, why does it disturb you so much?

F. Because, when a man, instead of acting for himself, decides for others, personal interest, that ever watchful and sensible sentinel, is no longer present to cry out, “Stop! the responsibility is misplaced.”  It is Peter who is deceived, and John suffers; the false system of the legislator necessarily becomes the rule of action of whole populations.  And observe the difference.  When you have money, and are very hungry, whatever your theory on cash may be, what do you do?

Copyrights
Project Gutenberg
Essays on Political Economy from Project Gutenberg. Public domain.