Economic Sophisms

by Frédéric Bastiat

ECONOMIC SOPHISMS,

BY

FRÉDÉRIC BASTIAT.

TRANSLATED FROM THE FIFTH EDITION OF THE FRENCH,

BY

PATRICK JAMES STIRLING, LL.D., F.R.S.E.,

AUTHOR OF "THE PHILOSOPHY OF TRADE," ETC.

EDINBURGH:

OLIVER AND BOYD, TWEEDDALE COURT.

LONDON: SIMPKIN. MARSHALL, AND CO.

1873.

EDINBURGH:
PRINTED BY OLIVER AND BOYD,
TWEEDDALE COURT.

TRANSLATOR'S PREFACE.

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Bastiat's two great works on Political Economy—the Sophismes Économiques, and the Harmonies Économiques—may be regarded as counterparts of each other. He himself so regarded them: "the one," he says, "pulls down, the other builds up." His object in the Sophismes was to refute the fallacies of the Protectionist school, then predominant in France, and so to clear the way for the establishment of what he maintained to be the true system of economic science, which he desired to found on a new and peculiar theory of value, afterwards fully developed by him in the Harmonies. Whatever difference of opinion may exist among economists as to the soundness of this theory, all must admire the irresistible logic of the Sophismes, and "the sallies of wit and humour," which, as Mr. Cobden has said, make that work as "amusing as a novel."

The system of Bastiat having thus a destructive as well as a constructive object, a negative as well as a positive design, it is perhaps only doing justice to his great reputation as an economist to put the English reader in a position to judge of that system as a whole. Hence the present translation of the Sophismes is intended as a companion volume to the translation of the Harmonies.

It is unnecessary for me to say more here by way of preface, the gifted author having himself explained the design of the work in a short but lucid introduction.

P. J. S.

 

CONTENTS.

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FIRST SERIES.

1. Page

2. Introduction ................................................................................................................................................................................................................................................................................................................................................................................................

   1

3. Chapter I.

   Abundance, Scarcity ................................................................................................................................................................................................................................................................................................................................................................................................

   5

4. II.

   Obstacle, Cause ................................................................................................................................................................................................................................................................................................................................................................................................

   13

5. III.

   Effort, Result ................................................................................................................................................................................................................................................................................................................................................................................................

   16

6. IV.

   To Equalize the Conditions of Production ................................................................................................................................................................................................................................................................................................................................................................................................

   24

7. V.

   Our Products are Burdened with Taxes ................................................................................................................................................................................................................................................................................................................................................................................................

   39

8. VI.

   Balance of Trade ................................................................................................................................................................................................................................................................................................................................................................................................

   45

9. VII.

   Petition of the Manufacturers of Candles, Wax-lights, Lamps, Candlesticks, Street Lamps, Snuffers, Extinguishers, and of the Producers of Oil, Tallow, Rosin, Alcohol, and, generally, of everything connected with Lighting ................................................................................................................................................................................................................................................................................................................................................................................................

   49

10. VIII.

    Differential Duties ................................................................................................................................................................................................................................................................................................................................................................................................

    63

11. IX.

    Immense Discovery ................................................................................................................................................................................................................................................................................................................................................................................................

    54

12. X.

    Reciprocity ................................................................................................................................................................................................................................................................................................................................................................................................

    58

13. XI.

    Nominal Prices ................................................................................................................................................................................................................................................................................................................................................................................................

    60

14. XII.

    Does Protection Raise the Rate of Wages? ................................................................................................................................................................................................................................................................................................................................................................................................

    64

15. XIII.

    Theory, Practice ................................................................................................................................................................................................................................................................................................................................................................................................

    69

16. XIV.

    Conflict of Principles ................................................................................................................................................................................................................................................................................................................................................................................................

    74

17. XV.

    Reciprocity again ................................................................................................................................................................................................................................................................................................................................................................................................

    78

18. XVI.

    Obstructed Navigation pleading for the Prohibitionists ................................................................................................................................................................................................................................................................................................................................................................................................

    79

19. XVII.

    A Negative Railway ................................................................................................................................................................................................................................................................................................................................................................................................

    80

20. XVIII.

    There are No Absolute Principles ................................................................................................................................................................................................................................................................................................................................................................................................

    82

21. XIX.

    National Independence ................................................................................................................................................................................................................................................................................................................................................................................................

    84

22. XX.

    Human Labour, National Labour ................................................................................................................................................................................................................................................................................................................................................................................................

    87

23. XXI.

    Raw Materials ................................................................................................................................................................................................................................................................................................................................................................................................

    92

24. XXII.

    Metaphors ................................................................................................................................................................................................................................................................................................................................................................................................

    100

25. Conclusion ................................................................................................................................................................................................................................................................................................................................................................................................

    104

 

SECOND SERIES.

1. Page

2. Chapter I.

   Physiology of Spoliation, ................................................................................................................................................................................................................................................................................................................................................................................................

   111

3. II.

   Two Principles of Morality, ................................................................................................................................................................................................................................................................................................................................................................................................

   128

4. III.

   The Two Hatchets, ................................................................................................................................................................................................................................................................................................................................................................................................

   136

5. IV.

   Lower Council of Labour, ................................................................................................................................................................................................................................................................................................................................................................................................

   139

6. V.

   Dearness, Cheapness, ................................................................................................................................................................................................................................................................................................................................................................................................

   142

7. VI.

   To Artisans and Workmen, ................................................................................................................................................................................................................................................................................................................................................................................................

   151

8. VII.

   A Chinese Story, ................................................................................................................................................................................................................................................................................................................................................................................................

   159

9. VIII.

   Post Hoc, Ergo Propter Hoc, ................................................................................................................................................................................................................................................................................................................................................................................................

   163

10. IX.

    The Premium Theft, ................................................................................................................................................................................................................................................................................................................................................................................................

    165

11. X.

    The Taxgatherer, ................................................................................................................................................................................................................................................................................................................................................................................................

    173

12. XI.

    The Utopian Free-Trader, ................................................................................................................................................................................................................................................................................................................................................................................................

    178

13. XII.

    The Salt-Tax, Rates of Postage, and Customhouse Duties, ................................................................................................................................................................................................................................................................................................................................................................................................

    186

14. XIII.

    Protection; or, the Three City Magistrates, ................................................................................................................................................................................................................................................................................................................................................................................................

    200

15. XIV.

    Something Else, ................................................................................................................................................................................................................................................................................................................................................................................................

    210

16. XV.

    The Little Arsenal of the Free-Trader, ................................................................................................................................................................................................................................................................................................................................................................................................

    218

17. XVI.

    The Right Hand and the Left, ................................................................................................................................................................................................................................................................................................................................................................................................

    224

18. XVII.

    Domination by Labour, ................................................................................................................................................................................................................................................................................................................................................................................................

    230