Thursday 12 March 2009

Book 1, chapter 4, paragraphs 24-25

[De la richesse commerciale, Sismondi, 1803, Original, 100-102]

   Que le Canton A. ne commerce point avec l’étranger, sa production sera par conséquent égale à sa consommation; qu’en 1799 les capitalistes qu’il contient aient avancé quatre millions en salaire nécessaire, ce qui leur a produit en 1800 un travail fait valant dix millions, soit six, millions de revenus à répartir entre tous les habitan[t]s; si en 1800 le Canton consacre 4,400,000 l. au salaire nécessaire, il s’en faudra de 400,000 liv. qu’il ait mangé tout son revenu, aussi aura-t-il d’après la même proportion onze millions de produit brut en 1801. soit 6,600,000 l. de revenu, et ainsi de suite.
   Que le Canton B. commerce avec l’étranger, de telle sorte que sa, production surpasse sa consommation, et qu’il vende au dehors pour 250,000 l. de plus qu’il n’en retire, si bien qu’il reste créancier des étrangers pour cette somme: Que le produit de son travail valant 10,250,000 l., soit le fruit d’un salaire nécessaire de 4,100,000 l. avancé en 1799 (6). En 1800 sa consommation ne montant qu’à 10 millions il aura économisé la créance qu’il aura faite à l’étranger. S’il peut de plus comme le Canton A. consacrer 400,000 l. à augmenter le salaire nécessaire, il sera plus riche que ce premier, de toute la valeur de sa créance.

[Translation]

   Suppose that canton A has no trade with any foreign country, and its production will consequently equal its consumption; in 1799 capitalists in the canton had made an advance of 4,000,000l. on necessary wages, which made that labour performed for them in 1800 whose value was 10,000,000l., that is, which produced the revenue of 6,000,000l. to be distributed among all the habitants; if in 1800 the canton allots 4,400,000l. for necessary wages, it will consume less than the whole revenue by 400,000l., and therefore will have the gross produce of 11,000,000l. in 1801 according to the same proportion; that is, the revenue will be 6,600,000l., and so forth.
   Suppose that canton B trades with foreign countries, so that its production is over its consumption, and that it sells 250,000l. more to them than it buys from them, so that it is a creditor against them by the sum. Suppose, furthermore, that the produce of its labour, whose value is 10,250,000l., is from the necessary wages of 4,100,000l., which was advanced in 1799 (6). In 1800, its consumption will amount to as small as 10,000,000l., and will have had the credit which it will give to the foreign countries. If it can allot 400,000l., like canton A, for addition to the necessary wages, canton B will be richer than the canton A by as much as the value of the credit.