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What Is Free Trade? / An Adaptation of Frederic Bastiat's "Sophismes Éconimiques" Designed for the American Reader cover

What Is Free Trade? / An Adaptation of Frederic Bastiat's "Sophismes Éconimiques" Designed for the American Reader

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About This Book

It argues that protective tariffs function as concealed taxation benefiting special interests while impoverishing consumers, and advocates unrestricted exchange. The author explains that market prices reflect the human labor embodied in goods and that natural advantages lower costs for consumers rather than creating producer windfalls. Through clear examples and rebuttals the text examines balance-of-trade fallacies, reciprocity, discriminating duties, effects on wages, raw materials, internal taxation, and infrastructure arguments, contesting claims for economic self-sufficiency. The work blends theory and practical illustration to expose common fallacies about protectionism and to promote free international trade.

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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