Tags » Frédéric Bastiat

Liberalism: On the Many Meanings of a Word (I)

Liberalism, perhaps more than any other word in modern political discourse, can be a perilous concept for the incautious polemicist who attempts to endow it with an essence that exists outside of historical context. 1,227 more words


If We Don't Read Frederic Bastiat, Maybe He Will Go Away ... (Likewise, Our Wealth)

A little economic masterpiece: “That Which is Seen and That Which is Not Seen” if I recall, was written by Frederic Basiat, a French lawyer and economist, around 1850. 615 more words


Positive Law

Law Is a Negative Concept

From the era of the political pamphlet: The Law by Frédéric Bastiat

A little taster:

“The harmlessness of the mission performed by law and lawful defence is self-evident; the usefulness is obvious; and the legitimacy cannot be disputed. 75 more words


The Broken Window Fallacy is at best trivial

In his essay, What is Seen and What is not Seen, Frédéric Bastiat wrote his famous parable, the Broken Window Fallacy (BWF). A boy breaks a shop keeper’s window and he is forced to replace it. 1,568 more words