Unto This Last

(1862) John Ruskin

“So far as I know, there is not in history record of anything so disgraceful to the human intellect as the modern idea that the commercial text, “Buy in the cheapest market and sell in the dearest,” represents, or under any circumstances could represent, an available principle of national economy. Buy in the cheapest market? yes; but what made your market cheap? Charcoal may be cheap among your roof timbers after a fire, and bricks may be cheap in your streets after an earthquake; but fire and earthquake may not therefore be national benefits. Sell in the dearest? — Yes, truly; but what made your market dear? You sold your bread well to-day: was it to a dying man who gave his last coin for it, and will never need bread more; or to a rich man who to-morrow will buy your farm over your head; or to a soldier on his way to pillage the bank in which you have put your fortune?”

Fantastic.  What took me so long to discover Ruskin?  Had I discovered him sooner, I would have discovered some of my own conclusions on the subject of Political Economy sooner, too.

Text: http://etext.virginia.edu/etcbin/toccer-new2?id=RusLast.xml&images=images/modeng&data=/texts/english/modeng/parsed&tag=public&part=all

Audio: http://librivox.org/unto-this-last-four-essays-on-the-first-principles-of-political-economy-by-john-ruskin/

Leave a Reply

Your email address will not be published. Required fields are marked *