Investing · Western classics

Frédéric Bastiat:Economic Sophisms, Excerpt 137

Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing

Once more, when products such as coal, iron, corn, or textile fabrics, are sent us from abroad, and we can acquire them with less labour than if we made them ourselves, the difference is a free gift conferred upon us. The gift is more or less considerable in proportion as the difference is more or less great. It amounts to a quarter, a half, or three-quarters of the value of the product, when the foreigner only asks us for three-fourths, a half, or a quarter of the price we should otherwise pay. It is as perfect and complete as it can be, when the donor (like the sun in furnishing us with light) asks us for nothing. The question, and we ask it formally, is this, Do you desire for our country the benefit of gratuitous consumption, or the pretended advantages of onerous production? Make your choice, but be logical; for as long as you exclude as you do, coal, iron, com, foreign fabrics, in proportion as their price approximates to zero, what inconsistency would it be to admit the light of the sun, the price of which is already at _zero_ during the entire day!

Source: https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 137 · Verified:2026-10-19 · Verification:Short excerpt

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Does this passage change one judgment about money or risk today?

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