Investing · Western classics
Frédéric Bastiat:Economic Sophisms, Excerpt 48
Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing
But M. d'Argout tells us there is death where we think we perceive life, and that the importance of any branch of industry is in direct proportion to its powerlessness. What are we to expect, for instance, from the cultivation of beet-root? Do you not see that 48,000 _hectares_ of land, with capital and manual labour in proportion, are sufficient to supply all France with sugar? Then, this is a branch of industry of limited utility; limited, of course, with reference to the amount of labour which it demands, the only way in which, according to the ex-Minister, any branch of industry can be useful. This utility would be still more limited, if, owing to the fertility of the soil, and the richness of the beet-root, we could reap from 24,000 hectares, what at present we only obtain from 48,000. Oh! were only twenty times, a hundred times, more land, capital, and labour necessary to _yield us the same result_, so much the better. We might build some hopes on this new branch of industry, and it would be worthy of state protection, for it would offer a vast field to our national industry. But to produce much with little! that is a bad example, and it is time for the law to interfere.
Source:
https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 48 · Verified:2026-10-19 · Verification:Short excerpt
Today's question
Does this passage change one judgment about money or risk today?
公版作品;原文逐字取自 Project Gutenberg,仅摘录段落并附全书链接。
Your email
Used only to send Originals. No ads, no list selling.
This text is in the public domain. The edition and source link are above. Copyright