Investing · Western classics

Frédéric Bastiat:Economic Sophisms, Excerpt 76

Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing

Nothing, whether favourable or unfavourable, can abide permanently with the producer. The advantages which nature and society bestow upon him, the inconveniences he may experience, glide past him, so to speak, and are absorbed and mixed up with the community in as far as the community represents consumers. This is an admirable law both in its cause and in its effects, and he who shall succeed in clearly describing it is entitled, in my opinion, to say, "I have not passed through life without paying my tribute to society." Everything which favours the work of production is welcomed with joy by the producer, for the _immediate effect_ of it is to put him in a situation to render greater service to the community, and to exact from it a greater remuneration. Every circumstance which retards or interrupts production gives pain to the producer, for the _immediate effect_ of it is to circumscribe his services, and consequently his remuneration. _Immediate_ good or ill circumstances--fortunate or unfortunate--necessarily fall upon the producer, and leave him no choice but to accept the one and eschew the other.

Source: https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 76 · 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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