Investing · Western classics
Frédéric Bastiat:Economic Sophisms, Excerpt 86
Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing
In every branch of production, nature and man concur. But the portion of utility which nature contributes is always gratuitous. It is only the portion of utility which human labour contributes which forms the subject of exchange, and, consequently, of remuneration. The latter varies, no doubt, very much in proportion to the intensity of the labour, its skill, its promptitude, its suitableness, the need there is of it, the temporary absence of rivalry, etc. But it is not the less true, in principle, that the concurrence of natural laws, which are common to all, counts for nothing in the price of the product.
Source:
https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 86 · Verified:2026-10-19 · Verification:Short excerpt
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Does this passage change one judgment about money or risk today?
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