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Selected Essays on Political Economy; Bastiat, Frédéric
3 paragraphs found.
Chapter 6, Property and Plunder
[Members of an eighteenth-century philosophic and economic school founded by François Quesnay (1694-1774). Since they believed in a natural law (the jus naturae) governing all human relations as well as the physical universe, they were opposed to any man-made interference, particularly in agriculture and industry. The phrases, laisser faire, laisser passer, were coined by them to epitomize their doctrine. They also regarded all wealth as derived from the powers of Nature and therefore declared the latter to be the only legitimate sources of public finance. Because of the heavy, labored style of their writings, they were held up to ridicule by Voltaire and others, but their doctrines were accepted in part by Adam Smith and J. B. Say.—Translator.]
Chapter 10, Declaration of War against the Professors of Political Economy

"It is thus that J. B. Say has set an example that Messrs. Blanqui, *117 Rossi, *118 Michel Chevalier, *119 and Joseph Garnier *120 have hastened to follow. What would have become of us if your predecessors had not taken great care to restrict this harmful teaching? Who knows? This very year we might have had to suffer the consequences of a low price for bread.

[Pellegrino Luigi Eduardo Rossi (1787-1848), politician, jurist, and distinguished political economist. Exiled for fighting for Italian unification, he became (1819) professor of law at the Academy of Geneva, as well as Deputy from Geneva to the Federal Diet. He became professor of political economy in the Collège de France in 1833, and professor of constitutional law at the Sorbonne in 1834. He was assassinated in 1848. Along with J. B. Say, he represented the practical idealism which for Bastiat was the essence of political economy.—Translator.]