Frédéric Bastiat Quotes You Can Legally Plunder

Load WordPress Sites in as fast as 37ms!

Before you read Frédéric Bastiat quotes, you might wonder: Who is Frédéric Bastiat?

Before the Austrian School arose to extol the virtues of the free market, there was Claude-Frédéric Bastiat (1801–1850). The prominent French economist and member of the Optimist School advocated for laissez-faire economics, developed the opportunity cost theory of microeconomics, and wrote Ce qu’on voit et ce qu’on ne voit pas (That which is seen, and that which is not seen), in which he introduced the parable of the broken window.

This parable (which Henry Hazlitt also spends good time illustrating in the second chapter of Economics in One Lesson) explains how destruction and reconstruction do not provide a net benefit to society. In short, suppose that a shopkeeper’s window is smashed by a vandal. People might suppose this ultimately helps the economy, as they will see the replacement the shopkeeper must buy from the glazier. But what they will not see is the shopkeeper’s new suit, as it will never come into existence once the shopkeeper can no longer afford to pay the tailor. Whereas a window would have existed in either event, it is only thanks to the vandal that the suit can not come into creation as well.


This post has been republished with permission from a publicly-available RSS feed found on Libertas Bella. The views expressed by the original author(s) do not necessarily reflect the opinions or views of The Libertarian Hub, its owners or administrators. Any images included in the original article belong to and are the sole responsibility of the original author/website. The Libertarian Hub makes no claims of ownership of any imported photos/images and shall not be held liable for any unintended copyright infringement. Submit a DCMA takedown request.

-> Click Here to Read the Original Article <-

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Weekly Newsletter SignupTop Story of the Week

Subscribe to our newsletter to receive a weekly email report of the most popular article on the Libertarian Hub!