Economics of Freedom : What Your Professors Won’t Tell You

Economics of Freedom : What Your Professors Won’t Tell You

Selected Works of Frédéric Bastiat

The Economics of Freedom presents some of Bastiat’s most important essays. They reveal a sharp mind systematically debunking one fallacy after another and a moral conscience that recoiled from violence and tyranny. To read and understand “What Is Seen and What Is Not Seen” is to contemplate the world in a new light. It is one of the most important essays ever written in Economics. In addition to Bastiat’s writings, this book includes two essays that show the importance of Bastiat’s ideas and then update and apply them to more contemporary issues.

Have you ever been witness to the fury of that solid citizen, James Goodfellow, when his incorrigible son has happened to break a pane of glass? If you have been present at this spectacle, certainly you must also have observed that the onlookers, even if there are as many as thirty of them, seem with one accord to offer the unfortunate owner the selfsame consolation: “It’s an ill wind that blows nobody some good. Such accidents keep industry going. Everybody has to make a living. What would become of the glaziers if no one ever broke a window?”

Now, this formula of condolence contains a whole theory that it is a good idea for us to expose, flagrante delicto, in this very simple case, since it is exactly the same as that which, unfortunately, underlies most of our economic institutions.

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