But if, putting aside these subtilties, we adhere strictly to facts, what do we perceive? Nothing, assuredly, but what is quite natural and consistent.

A man, we shall suppose, works exclusively for himself. If he acquire skill, if his force and intelligence are developed, if nature becomes more liberal, or if he learns how to make nature co-operate better in his work, he obtains ‹more wealth with less trouble›. Where is the contradiction, and what is there in this to excite so much wonder?

Harmonies of Political Economy — Part 181

Well, then, in place of remaining an isolated being, suppose this man to have relations with his fellow-men. They exchange; and I repeat my observation,—in proportion as they acquire skill, experience, force, and intelligence,—in proportion as nature (become more liberal or brought more into subjection) lends them more efficacious co-operation, they obtain ‹more wealth with less trouble›; they have at their disposal a greater amount of gratuitous utility; in their transactions they transfer to one another a greater sum of useful results in proportion to a given amount of labour. Where, then, is the contradiction?

Harmonies of Political Economy — Part 181

If, indeed, following the example of Adam Smith and his successors, you commit the error of applying the same denomination—‹value›—both to the results obtained and to the exertion made; in that case, an antinomy or contradiction will show itself. But be assured that that contradiction is not at all in the facts, but in your own erroneous explanation of those facts.

Harmonies of Political Economy — Part 181

M. Proudhon ought, then, to have shaped his proposition thus: [p190] It being granted that man has need of a great variety of products, that he can only obtain them by his labour, and that he has the precious gift of educating and improving himself, nothing in the world is more natural than the sustained increase of results in relation to efforts; and there is nothing at all contradictory in a given value serving as the vehicle of a greater amount of realized utility.

Let me repeat, once more, that for man Utility is the fair side of the medal and Value the reverse. Utility has relation only to our Satisfactions, Value only with our Pains. Utility realizes our enjoyments, and is proportioned to them; Value attests our native weakness, springs from obstacles, and is proportioned to those Obstacles.