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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 ...
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."
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]
Some anarcho-capitalists consider Molinari to be the first proponent of anarcho-capitalism. [1] In the preface to the 1977 English translation by Murray Rothbard called The Production of Security the "first presentation anywhere in human history of what is now called anarcho-capitalism", although admitting that "Molinari did not use the terminology, and probably would have balked at the name". [4]
It is based on Frédéric Bastiat's essay Ce qu'on voit et ce qu'on ne voit pas (English: "What is Seen and What is Not Seen"). [ 1 ] The "One Lesson" is stated in Part One of the book: "The art of economics consists in looking not merely at the immediate but at the longer effects of any act or policy; it consists in tracing the consequences of ...
According to Bastiat's biographer, G.C. Roche, just prior to the revolution, 100,000 citizens of Lyon were described as "indigent" and by 1840 there were at least 130,000 abandoned children in France. International markets were not similarly troubled at the time, which Bastiat attributed to the freedom of trade.