Take up the Collection des Économistes, and read and compare all the definitions which you will find there. If there be one of them which meets the cases of the air and the diamond, two cases in appearance so opposite, throw this book into the fire. But if the definition which I propose, simple as it is, solves, or rather obviates, the difficulty, you are bound in conscience, gentle reader, to go on to the end of the work, or it is in vain that we have placed an inviting sign-board over the vestibule of the science.
Allow me to give some more examples, in order to elucidate clearly my thoughts, and familiarize the reader with a new definition. By exhibiting this fundamental principle in different aspects, [p142] we shall clear the way for a thorough comprehension of the consequences, which I venture to predict will be found no less important than unexpected.
Among the wants to which our physical constitution subjects us is that of food; and one of the articles best fitted to satisfy that want is Bread.
As the need of food is personal to me, I should, naturally, myself perform all the operations necessary to provide the needful supply of bread. I can the less expect my fellow-men to render me gratuitously this service, that they are themselves subject to the same want, and condemned to the same exertion.
Were I to make my own bread, I must devote myself to a labour infinitely more complicated, but strictly analogous to that which the necessity of fetching water from the spring would have imposed upon me. The elements of bread exist everywhere in nature. As J. B. Say has judiciously remarked, it is neither possible nor necessary for man to create anything. Gases, salts, electricity, vegetable life, all exist; my business is to unite them, assist them, combine them, transport them, availing myself of that great laboratory called the earth, in which mysteries are accomplished from which human science has scarcely raised the veil. If the operations to which I must devote myself in the pursuit of my design are in the aggregate very complicated, each of them, taken singly, is as simple as the act of drawing water from the fountain. Every effort I make is simply a service which I render to myself; and if, in consequence of a bargain freely entered into, it happens that other persons save me some of these efforts, or the whole of them, these are so many services which I receive. The aggregate of these services, compared with those which I render in return, constitute the value of the Bread and determine its amount.
A convenient intermediate commodity intervenes to facilitate this exchange of services, and even to serve as a measure of their relative importance—Money. But this makes no substantial difference,—the principle remains exactly the same, just as in mechanics the transmission of forces is subject to the same law, whether there be one or several intermediate wheels.
This is so true that, when the loaf is worth fourpence, for example, if a good bookkeeper wishes to analyze its value, he will succeed in discovering, amid the multiplicity of transactions which go to the accomplishment of the final result, all those whose services have contributed to form that value,—all those who have saved labour to the man who finally pays for it as the consumer. He discovers, first of all, the baker, who retains his five per cent., [p143] and from that percentage remunerates the mason who has built his oven, the wood-cutter who prepares his billets, etc. Then comes the miller, who receives not only the recompense of his own labour, but the means of remunerating the quarryman who has furnished his millstones, the labourer who has formed his dam, etc. Other portions of the total value go to the thresher, the reaper, the labourer, the sower, until you account for the last farthing. No part of it assuredly goes to remunerate God and nature. The very idea is absurd, and yet this is rigorously implied in the theory of the Economists, who attribute a certain portion of the value of a product to matter or natural forces. No; we still find that what has value is not the Loaf, but the series of services which have put me in possession of it.
It is true that, among the elementary parts of the value of the loaf, our book-keeper will find one which he will have difficulty in connecting with a service, at least a service implying effort. He will find of the fourpence, of which the price is made up, a part goes to the proprietor of the soil, to the man who has the keeping of the laboratory. That small portion of the value of the loaf constitutes what is called the rent of land; and, misled by the form of expression, by the metonymy which again makes its appearance here, our calculator may be tempted to think that this portion is allotted to natural agents—to the soil itself.
I maintain that, if he exercises sufficient skill, he will find that this is still the price of real services—services of the same kind as all the others. This will be demonstrated with the clearest evidence when we come to treat of landed property. At present, I shall only remark, that I am not concerned here with property, but with value. I don’t inquire whether all services are real and legitimate, or whether men do not sometimes succeed in getting paid for services which they do not render. The world, alas! is full of such injustices, but rent must not be included among them.
All that I have to demonstrate here is, that the pretended value of commodities is only the value of services, real or imaginary, received and rendered in connexion with them—that value does not reside in the commodities themselves, and is no more to be found in the loaf than in the diamond, the water, or the air—that no part of the remuneration goes to nature—that it proceeds from the final consumer of the article, and is distributed exclusively among men,—and that it would not be accorded to them by him for any other reason than that they have rendered him services, unless, indeed, in the case of violence or fraud.