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Economic Sophisms

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About This Book

This collection of essays dismantles common economic fallacies associated with protectionism and state intervention, arguing through logical analysis and examples that wealth arises from increased productive results rather than amplified toil. It contrasts doctrines that valorize artificial scarcity and monopolies with those that favor machinery, competition, exchange, and the reduction of labor needed to produce goods. Topics include tariffs, balance of trade, taxes, duties, reciprocity, effects of regulation on transport, and moral critiques of spoliation and privilege. The tone mixes polemic, exposition, and satire to reveal unintended consequences of restrictive policies and to advocate freer exchange and clearer economic reasoning.

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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