What Is Free Trade? - An Adaptation of Frederic Bastiat's "Sophismes Éconimiques" Designed for the American Reader by Frédéric Bastiat
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page 32 of 142 (22%)
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they have been unable to discover in nature. I speak of the law of
consumption, which the majority of political economists may well be reproached with having too much neglected. Consumption is the _end_, the final cause of all the phenomena of political economy, and, consequently, in it is found their final solution. No effect, whether favorable or unfavorable, can be vested permanently in the producer. His advantages and disadvantages, derived from his relations to nature and to society, both pass gradually from him; and by an almost insensible tendency are absorbed and fused into the community at large--the community considered as consumers. This is an admirable law, alike in its cause and its effects; and he who shall succeed in making it well understood, will have a right to say, "I have not, in my passage through the world, forgotten to pay my tribute to society." Every circumstance which favors the work of production is of course hailed with joy by the producer, for its _immediate effect_ is to enable him to render greater services to the community, and to exact from it a greater remuneration. Every circumstance which injures production, must equally be the source of uneasiness to him; for its _immediate effect_ is to diminish his services, and consequently his remuneration. This is a fortunate and necessary law of nature. The immediate good or evil of favorable or unfavorable circumstances must fall upon the producer, in order to influence him invisibly to seek the one and to avoid the other. Again: when an inventor succeeds in his labor-saving machine, the |
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