Frédéric Bastiat：Economic Sophisms, Excerpt 181

As regarded his workmen, they had no more employment than formerly. There were five times more fields, but each field was five times smaller; they produced oil, but they produced less wheat; he no longer purchased linens, but he no longer sold rye. Moreover, the farmer could expend in wages only the amount of his capital, and his capital went on constantly diminishing. A great part of it went for buildings, and the various implements needed for the more varied cultivation in which he had engaged. In short, the supply of labour remained the same, but as the means of remunerating that labour fell off, the ultimate result was a forcible reduction of wages.

Source： https://www.gutenberg.org/ebooks/44145
Locator：Excerpt 181 · Verified：2026-10-19 · Verification：Short excerpt

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