Investing · Western classics

Frédéric Bastiat:Economic Sophisms, Excerpt 247

Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing

M. de Saint-Cricq: Undoubtedly nature creates the elements of all these things, but it is labour which produces the value. I was wrong myself in saying that labour created material objects, and that vicious form of expression has led me into other errors. It does not belong to man to create, to make anything out of nothing, be he agriculturist or manufacturer; and if by production is meant creation, all our labour must be marked down as unproductive, and yours, as merchants, more unproductive than all others, excepting perhaps my own.

Source: https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 247 · Verified:2026-10-19 · Verification:Short excerpt

Today's question

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

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