Compensation is an essay by
Ralph Waldo Emerson. It appeared in his book, Essays, first published 1841. In 1844, Essays: Second Series was published, and subsequent republishings of Essays were renamed Essays: First Series.In his essay, Emerson states that everything is well compensated for. Every excess causes a defect; every defect an excess. Every
benefit has a
tax, and correspondingly every tax has a benefit. The cheat cheats himself. The swindler swindles himself. The real prize of
labor is
knowledge and
virtue.
Wealth and
credit are mere external signs. These signs, like
paper money, may be
counterfeited or stolen, but that which they represent, namely, knowledge and virtue, cannot be counterfeited or stolen.
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