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?©d?©ric, 1801-1850

"Essays on Political Economy"


2nd. Benevolent objects.--The 10,000 francs devoted to this purpose
benefit trade in an equal degree; they reach the butcher, the baker, the
tailor, and the carpenter. The only thing is, that the bread, the meat,
and the clothing are not used by Aristus, but by those whom he has made
his substitutes. Now, this simple substitution of one consumer for
another in no way affects trade in general. It is all one, whether
Aristus spends a crown or desires some unfortunate person to spend it
instead.
3rd. Offices of friendship.--The friend to whom Aristus lends or gives
10,000 francs does not receive them to bury them; that would be against
the hypothesis. He uses them to pay for goods, or to discharge debts. In
the first case, trade is encouraged. Will any one pretend to say that it
gains more by Mondor's purchase of a thoroughbred horse for 10,000
francs than by the purchase of 10,000 francs' worth of stuffs by Aristus
or his friend? For if this sum serves to pay a debt, a third person
appears, viz., the creditor, who will certainly employ them upon
something in his trade, his household, or his farm. He forms another
medium between Aristus and the workmen. The names only are changed, the
expense remains, and also the encouragement to trade.
4th. Saving.--There remains now the 10,000 francs saved; and it is here,
as regards the encouragement to the arts, to trade, labour, and the
workmen, that Mondor appears far superior to Aristus, although, in a
moral point of view, Aristus shows himself, in some degree, superior to
Mondor.


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