| Claude
Frederic Bastiat was the master at explaining economic processes and political
fallacies in terms the average non-economist could relate to -- and why
good observers of public policies and their results must go beyond simply
what is seen in the short run and look beyond and beneath to discover what
is usually not seen -- the hidden and longer-range (and often unintended)
consequences.
To read his classic essay, click here -->Text
of "What Is Seen & What Is Not Seen" -- the article which
inspired Henry Hazlitt to write his classic book Economics In One Lesson
a century later.
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A Petition from the
Candlemakers -- a classic of Bastiat's delightful wit!
What is the Proper Function
of Government -- of Political Law and its Agencies of Enforcement?
In the year 1850,
not long before his untimely death from tuberculosis, Bastiat wrote and
published perhaps the most eloquent essay on the proper role of government
ever written. It is entitled "The Law" and is filled with Bastiat's usual
clarity of expression and profound insights. Click on the following link
and read the full text of the American translation of this classic exposition:
The
Law (HTML version) by Frederic Bastiat
The
Law (plain text version) by Frederic Bastiat
Praise for Bastiat
from 20th Century Economists
In
Praise of an Economic Revolutionary: Dallas Federal Reserve President
Bob McTeer's Wall Street Journal (July 5, 2001) tribute to Frederic
Bastiat
Why
Frederic Bastiat is my hero by Bob McTeer
Economist
Dr. Walter Williams on "Liberty's Greatest Advocate"
Quotations
from Frederic Bastiat on a Variety of Topics
For a sampling of Bastiat's other writings, bibliography,
and a good source for further investigation, click on the link below:
Frederic Bastiat Resource
Link (sponsored by Le Cercle Frédéric Bastiat )
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From
Totalitarianism to Laissez Faire
Sam Wells
This involves a detailed analysis of totalitarianism
and various lesser degrees of statism. Why the opposite of totalitarianism
is the policy of laissez faire, not "anarchy"; the differences between
a constitutional republic and unlimited democracy; different ways of measuring
or representing coercive interventionism into the private affairs and voluntary
relationships of the people; . . |
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Introduction
to Bastiat's The Law
Walter E. Williams
The former head of the Economics Department
of George Mason University introduces the classic statement of the proper
function of political government. |
Seven
Fallacies of Economics
Lawrence W. Reed
Michigan economist Lawrence
W. Reed briefly examines -- and puts to rest -- seven widespread fallacies
that keep many people trapped politically. |
Great
Myths of the Great Depression
Lawrence W. Reed
What caused the Great Depression
of the 1930s? And what made it last so long? Understanding the answers
to these questions is the key to avoiding similar debacles in our own time. |
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