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Claude-Frédéric Bastiat (/ b ɑː s t i ˈ ɑː /; French: [klod fʁedeʁik bastja]; 30 June 1801 – 24 December 1850) was a French economist, writer and a prominent member of the French Liberal School.
Frederic Bastiat (1801-1850) was a French economist, statesman, and author. He did most of his writing during the years just before — and immediately following — the Revolution of February 1848. This was the period when France was rapidly turning to complete socialism.
Frédéric Bastiat (born June 30, 1801, Mugron, near Bayonne, France—died December 24, 1850, Rome, Papal States [Italy]) was a French economist, best known for his journalistic writing in favour of free trade and the economics of Adam Smith.
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Bastiat made no original contribution to economics, if we use contribution the way most economists use it. That is, we cannot associate one law, theorem, or pathbreaking empirical study with his name. But in a broader sense Bastiat made a big contribution: his fresh and witty expressions of economic truths made them so understandable and compelling...
Bastiats A Petition, usually referred to now as The Petition of the Candlemakers, displays his rhetorical skill and rakish tone, as this excerpt illustrates:
We are suffering from the ruinous competition of a foreign rival who apparently works under conditions so far superior to our own for the production of light, that he is flooding the domestic market with it at an incredibly low price. This rival is none other than the sun.
We ask you to be so good as to pass a law requiring the closing of all windows, dormers, skylights, inside and outside shutters, curtains, casements, bulls-eyes, deadlights and blinds; in short, all openings, holes, chinks, and fissures.
This reductio ad absurdum of protectionism was so effective that one of the most successful postwar economics textbooks, Economics by Paul A. Samuelson, quotes the candlemakers petition at the head of the chapter on protectionism.
Bastiat also emphasized the unintended consequences of government policy (he called them the unseen consequences). Friedrich Hayek credits Bastiat with this important insight: if we judge economic policy solely by its immediate effects, we will miss all of its unintended and longer-run effects and will undermine economic freedom, which delivers ben...
Learn about the life and work of Frédéric Bastiat, a French economist who popularized free-market ideas and the concept of unseen consequences. Read his essays, articles, and books online or download them for free.
Mar 11, 2024 · Learn about Frederic Bastiat, a 19th-century philosopher and economist who advocated for free trade and limited government. Discover his influential books, essays, and quotes on political and economic principles.
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Learn about Frédéric Bastiat, a 19th century French economist and advocate of free markets and free trade. Browse his collected works, essays, letters, and biography on this web page.
Frédéric Bastiat est un économiste, homme politique et magistrat français du XIXe siècle, rattaché à l'école libérale. Il a défendu le libre-échange, l'opposition au socialisme et au colonialisme, et a écrit des Harmonies économiques et des Sophismes économiques.
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