Frederic Bastiat on Property and Law (Illustrated) by Frederic Bastiat

Frederic Bastiat on Property and Law (Illustrated)

byFrederic Bastiat

Kobo ebook | October 24, 2014

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Frederic Bastiat was a French political economist, statesman, classical liberal theorist, and the French Assembly. He coined the important economic concept of opportunity cost. His ideas have become the foundation for libertarian and the Austrian schools of thought.

Most of Bastiat’s political writings were done during the years just before and immediately after the Revolution of February 1848 when France was rapidly turning to complete socialism. As a Deputy to the Legislative Assembly, Bastiat explained each socialist fallacy as it appeared and how socialism must inevitably degenerate into communism that it must fail.

In this essay, Property and Law, Mr. Bastiat introduced the important philosophy about modern legal systems by warning “It is not because there are laws that there is property, but it is because there is property that there are laws. These two systems are extreme opposites and the consequences that result from each one of them are constantly divergent”

Bastiat’s reasoning remains as relevant today as it was then.   To echo this thought, Charles Munger, the right-hand man and investment partner of Warren Buffett, once expressed view of law at Harvard Law School by saying: Give me the fact, I give you the law.

The Essay is already read more than a hundred years and it will still be read for another century due to its truths.



Title:Frederic Bastiat on Property and Law (Illustrated)Format:Kobo ebookPublished:October 24, 2014Publisher:AS TeamLanguage:English

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