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?©d?©ric, 1801-1850

"Essays on Political Economy"


I can never look at these apparent contradictions between the great laws
of nature without a feeling of physical uneasiness which amounts to
suffering. Were mankind reduced to the necessity of choosing between two
parties, one of whom injures his interest, and the other his conscience,
we should have nothing to hope from the future. Happily, this is not the
case; and to see Aristus regain his economical superiority, as well as
his moral superiority, it is sufficient to understand this consoling
maxim, which is no less true from having a paradoxical appearance, "To
save is to spend."
What is Aristus's object in saving 10,000 francs? Is it to bury them in
his garden? No, certainly; he intends to increase his capital and his
income; consequently, this money, instead of being employed upon his
own personal gratification, is used for buying land, a house, &c., or it
is placed in the hands of a merchant or a banker. Follow the progress of
this money in any one of these cases, and you will be convinced, that
through the medium of vendors or lenders, it is encouraging labour quite
as certainly as if Aristus, following the example of his brother, had
exchanged it for furniture, jewels, and horses.
For when Aristus buys lands or rents for 10,000 francs, he is determined
by the consideration that he does not want to spend this money.


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