Frédéric Bastiat：Economic Sophisms, Excerpt 246

Now, why is this sack of wool worth 100 fr.? Is it not because that is its cost price? and what does its cost price represent, but the aggregate wages of all the labour, and profits of all the capital, which have contributed to the production of the commodity?

Source： https://www.gutenberg.org/ebooks/44145
Locator：Excerpt 246 · Verified：2026-10-19 · Verification：Short excerpt

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