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Essays on Political Economy

By Frédéric Bastiat
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EconomicsEssays, Letters & Speeches

About This Book

A series of essays sets out core principles of political economy, defending the legitimacy and perpetuity of capital and interest while responding to contemporary socialist critiques. It emphasizes the importance of considering both immediate and secondary consequences of economic actions, illustrated by thought experiments such as the broken-window example. Other pieces analyze taxation, public works, credit, machinery, trade restrictions, money, law, and the roles of frugality and luxury in production and consumption. The prose pairs clear examples with moral and logical argument to show that effects unseen by casual observation are crucial to sound economic policy.

About the Author

Bastiat, Frédéric portrait

Frédéric Bastiat

Frédéric Bastiat (1801-1850) was a French economist, writer, and political theorist known for his advocacy of classical liberalism and free market principles. His influential works, such as "The Law" and "Economic Sophisms," critique government intervention in the economy and promote individual liberty. Bastiat's writings emphasize the importance of understanding the unseen consequences of economic policies, making him a pivotal figure in the development of economic thought. His ideas continue to resonate in contemporary discussions on economics and political philosophy, highlighting the enduring relevance of his insights into the nature of freedom and the role of government.

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