Frederic Bastiat

(redirected from Bastiat)

Bastiat, Frederic

 

Born June 30, 1801; died Dec. 24, 1850. French bourgeois economist; propagandist for free trade.

K. Marx characterized Bastiat as “the most superficial and therefore the most adequate representative of the apologetic of vulgar economy” (K. Marx and F. Engels, Soch., 2nd ed., vol. 23, p. 18). Bastiat was one of the authors of the “theory” of the harmony of interests of labor and capital, a theory which concealed the exploitation of the proletariat by the bourgeoisie and depicted this exploitation as some kind of “exchange of services” between labor and capital. Bastiat actively advocated “free enterprise,” which he regarded as the decisive condition for the establishment of social harmony in bourgeois society.

WORKS

Sophismes économiques. Paris, 1846. New edition: Paris, 1854. In Russian translation: Ekonomicheskie sofizmy. St. Petersburg, 1863.
Harmonies économiques. Paris, 1840. New edition: Paris, 1954. In Russian translation: Ekonomicheskie garmonii. [Moscow], 1904.

REFERENCES

Marx, K. Kapital, vol. 1. K. Marx and F. Engels, Soch., 2nd ed., vol. 23, pp. 18, 70, 91, 92, 204, 419, 575.
Marx, K. “Bastia i Keri.” Ibid., vol. 46, part 1, pp. 3–16.
Marx, K. “Teorii pribavochnoi stoimosti” (in vol. 4 of Kapital). Ibid., vol. 26, part 1, pp. 413,416; vol. 26, part 3, pp. 91,527,550, 552,561.
References in periodicals archive ?
In his writings on wage formation, Bastiat, whose contributions as an early economic theorist are oftentimes downplayed because of his polemical and journalistic tone, discusses the reasons for the formation of companies.
The French political economist Frederic Bastiat wrote about this phenomenon in his book, The Law, published in 1850:
I will never forget that pack of theirs - Esteve, Bastiat, Cholley, Paco, Paparemborde, Palmie, Rives, Skrela.
Broken Windows and House-Owning Dogs: The French Connection and the Popularization of Economics from Bastiat to Jasay" by David Hart documents
To make his point, Bastiat asked his readers to concentrate on "the actual [ultimate] objects of [a] loan":
Tucker -- author, executive, crypto-anarchist and often called the Frederic Bastiat of his time -- announced the launch of his Indiegogo campaign to fund the construction of the liberty-inspired social media publishing platform he calls a "city in the cloud.
While he doesn't consider himself to be a member in good standing of the libertarian movement, he does declare inspiration from libertarian heroes such as Frederic Bastiat and Anthony de Jasay.
22) See Frederic Bastiat, The Law (Auburn, AL: Ludwig von Mises Institute, 2007).
Hunt is clearly familiar with the works of Frederic Bastiat, as well as the Uncle Eric series of books by Richard Maybury.
and has served as a member of the editorial board of the Wan Street Journal and as a columnist for the Financial Times She is a recipient of the Hayek Prize and the Frederic Bastiat Prize for free-market journalism and the author of four books: Germany: The Empire Within; The Forgotten Man: A New History of the Great Depression; The Greedy Hand: How Taxes Drive Americans Crazy and What to Do About It,.
VOLUNTARY AND OPEN TECHNOLOGY standards, such as MISMO, were not around in 1850 when Bastiat wrote the above quote.
According to Bastiat (1850), the economic and social harmony consists in everyone being at the service of others while finding an interest in the remuneration of one's work.