Economic Harmonies
By Frédéric Bastiat
Frédéric Bastiat (1801-1850) was a French economist, statesman, and author. He was the leader of the free-trade movement in France from its inception in 1840 until his untimely death in 1850. The first 45 years of his life were spent in preparation for five tremendously productive years writing in favor of freedom. Bastiat was the founder of the weekly newspaper
Le Libre Échange, a contributor to numerous periodicals, and the author of sundry pamphlets and speeches dealing with the pressing issues of his day. Most of his writing was done in the years directly before and after the Revolution of 1848—a time when France was rapidly embracing socialism. As a deputy in the Legislative Assembly, Bastiat fought valiantly for the private property order, but unfortunately the majority of his colleagues chose to ignore him. Frédéric Bastiat remains one of the great champions of freedom whose writings retain their relevance as we continue to confront the old adversary.
Translator/Editor
George B. de Huszar, trans. and W. Hayden Boyers, ed.
First Pub. Date
1850
Publisher
Irvington-on-Hudson, NY: Foundation for Economic Education, Inc.
Pub. Date
1996
Comments
First published in French. Introduction by Dean Russell
Copyright
Translation and editorial content: Copyright ©: 1996 The Foundation for Economic Education, Inc. (FEE). All rights reserved. No part of this book may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system without permission in writing from the publisher, except by a reviewer, who may quote brief passages in a review. The Library of Economics and Liberty is grateful to FEE for permission to produce this book in electronic form.Picture of Frédéric Bastiat courtesy of The Warren J. Samuels Portrait Collection at Duke University.
- About the Author
- Preface to the English-Language Edition, by George B. de Huszar
- Bibliographical Notice
- Introduction, by Dean Russell
- To the Youth of France
- Chapter 1
- Chapter 2
- Chapter 3
- Chapter 4
- Chapter 5
- Chapter 6
- Chapter 7
- Chapter 8
- Chapter 9
- Chapter 10
- Conclusion to the Original Edition
- Chapter 11
- Chapter 12
- Chapter 13
- Chapter 14
- Chapter 15
- Chapter 16
- Chapter 17
- Chapter 18
- Chapter 19
- Chapter 20
- Chapter 21
- Chapter 22
- Chapter 23
- Chapter 24
- Chapter 25
- Appendix
About the Author
Frederic Bastiat (1801-1850) was a French economist, statesman, and author. He was the leader of the free-trade movement in France from its inception in 1840 until his untimely death in 1850. The first 45 years of his life were spent in preparation for five tremendously productive years writing in favor of freedom. Bastiat was the founder of the weekly newspaper,
Le Libre Échange, a contributor to numerous periodicals, and the author of sundry pamphlets and speeches dealing with the pressing issues of his day. Most of his writing was done in the years directly before and after the Revolution of 1848—a time when France was rapidly embracing socialism. As a deputy in the Legislative Assembly, Bastiat fought valiantly for the private property order, but unfortunately the majority of his colleagues chose to ignore him. Frederic Bastiat remains one of the great champions of freedom whose writings retain their relevance as we continue to confront the old adversary.
Notes to “To the Youth of France”
Tableau èconomique, 1759), Mercier de la Rivière, Dupont de Nemours, Le Trôsne, Mirabeau, Condorcet, and Turgot; the “English School”: Adam Smith, Malthus, John Stuart Mill, Senior, Scrope, and Ricardo; and his own French contemporaries: Jean-Baptiste Say, Pellegrino Rossi, Garnier, and others less well known who held similar views on wealth and free exchange. See also Bastiat’s comments in chapter 9.—Translator.]
Essay on the Principle of Population.—Translator.]
Code de la nature, 1755); Mably (
Doutes…. sur l’ordre naturel et essentiel des sociétés politiques, 1768); Babeuf, founder of the society of “the Equals” (executed in 1797), and his later followers: Philippe Buonarroti, Armand Barbès, Martin Bernard, and Louis Auguste Blanqui. Bastiat also includes as sharers of these ideas his contemporary “planners of artificial social orders”: Fourier, Louis Blanc, Considérant, Cabet, Owen, and Saint-Simon. (Cf. notes on Fourier, Louis Blanc, Owen, and Cabet, chapter 1, p. 11; on Proudhon, chapter 5, p. 128; on Considérant, p. 550.)—Translator.]
supra on “socialists.”
Chapter 1
Capital’s Share | Labor’s Share | Total | |
First period | 45 | 35 | 80 |
Second period | 50 | 50 | 100 |
Third period | 55 | 65 | 120 |
Of course, these ratios are intended to serve only as an illustration.
NOTES TO CHAPTER 1