Investing · Western classics
Frédéric Bastiat:Economic Sophisms, Excerpt 253
Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing
* I do not particularize the parts of the remuneration falling to the lessee, the capitalist, etc., for several reasons:--1st, Because, on looking at the thing more closely, you will see that the remuneration always resolves itself into the reimbursement of advances or the payment of anterior labour. 2dly, Because, under the term labour, I include not only the wages of the workmen, but the legitimate recompense of everything which co-operates in the work of production. 3dly (and above all), Because the production of manufactured products is, like that of raw materials, burdened with auxiliary remunerations other than the mere expense of manual labour; and, moreover, this objection, frivolous in itself, would apply as much to the most delicate processes of manufacture, as to the rudest operations of agriculture.
Source:
https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 253 · Verified:2026-10-19 · Verification:Short excerpt
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