Description
Book SynopsisFrederic Bastiat (1801-1850) was a keen observer of political and economic problems and a passionate proponent of liberal economic theory. This book collects nineteen of Bastiat''s articles, ranging from the theory of value and rent, public choice and collective action, government intervention and regulation, the balance of trade, education, and trade unions to price controls, capital and growth, and taxation. Throughout his articles, Bastiat demonstrates how the combination of careful logic, consistency of principle, and clarity of exposition is the instrument for solving most economic and social problems. In his famous essay The Law Bastiat explains that the law, far from being what it ought to be, namely the instrument that enabled the state to protect individuals'' rights and property, had become the means for what he termed spoliation (or plunder). From the article The State written at the height of the 1848 Revolution in June, comes perhaps his best-remembered quotation: The stat
