Investing · Western classics
Frédéric Bastiat:Economic Sophisms, Excerpt 87
Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing
We do not pay for the air we breathe, although it is so _useful_ to us, that, without it, we could not live two minutes. We do not pay for it, nevertheless; because nature furnishes it to us without the aid of human labour. But if, for example, we should desire to separate one of the gases of which it is composed, to make an experiment, we must make an exertion; or if we wish another to make that exertion for us, we must sacrifice for that other an equivalent amount of exertion, although we may have embodied it in another product. Whence we see that pains, efforts, and exertions are the real subjects of exchange. It is not, indeed, the oxygen gas that I pay for, since it is at my disposal everywhere, but the labour necessary to disengage it, labour which has been saved me, and which must be recompensed. Will it be said that there is something else to be paid for, materials, apparatus, etc.? Still, in paying for these, I pay for labour. The price of the coal employed, for example, represents the labour necessary to extract it from the mine and to transport it to the place where it is to be used.
Source:
https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 87 · 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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