Frédéric Bastiat：Economic Sophisms, Excerpt 91

Suppose a temperate region where coal and iron-ore are found on the surface of the ground, where one has only to stoop down to get them. That, in the first instance, the inhabitants would profit by this happy circumstance, I allow. But competition would soon intervene, and the price of coal and iron-ore would go on falling, till the gift of nature became free to all, and then the human labour employed would be alone remunerated according to the general rate of earnings.

Source： https://www.gutenberg.org/ebooks/44145
Locator：Excerpt 91 · Verified：2026-10-19 · Verification：Short excerpt

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