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Bastiat's most famous work is The Law, [11] originally published as a pamphlet in 1850. It defines a just system of laws and then demonstrates how such law facilitates a free society. In The Law, Bastiat wrote that everyone has a right to protect "his person, his liberty, and his property". The state should be only a "substitution of a common ...
Bastiat is not addressing production – he is addressing the stock of wealth. In other words, Bastiat does not merely look at the immediate but at the longer effects of breaking the window. Bastiat takes into account the consequences of breaking the window for society as a whole, rather than for just one group. [3] [4]
The Law (French: La Loi) is an 1850 book by Frédéric Bastiat.It was written at Mugron two years after the third French Revolution and a few months before his death of tuberculosis at age 49.
Frédéric Bastiat (France, 1801–1850) Claude Frédéric Bastiat was a French classical liberal theorist, political economist, and member of the French assembly. Some literature: La Loi , 1849; Harmonies économiques (Economic Harmonies), 1850; Ce qu'on voit et ce qu'on ne voit pas (What is Seen and What is Not Seen), 1850
Harmonies of Political Economy is an 1850 book by the French classical liberal economist Frédéric Bastiat, in which the author applauds the power and ingenuity of the intricate social mechanism, "every atom of which ... is an animated thinking being, endued with marvelous energy, and with that principle of all morality, all dignity, all progress, the exclusive attribute of man - LIBERTY."
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Prior to 20th-century monetarist theory, the 19th-century economist and philosopher Frédéric Bastiat expressed the idea that trade deficits actually were a manifestation of profit, rather than a loss. He proposed as an example to suppose that he, a Frenchman, exported French wine and imported British coal, turning a profit.
19th century philosopher Frederic Bastiat summarized the conflict between these negative and positive rights by saying: M. de Lamartine wrote me one day: "Your doctrine is only the half of my program; you have stopped at liberty; I go on to fraternity." I answered him: "The second half of your program will destroy the first half."
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