Frederic 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 ?
A related concept was proffered by economist Frederic Bastiat (1801-1850) in an essay entitled "That Which Is Seen, and That Which Is Not Seen." Officials, he wrote, advocate advantages that are seen; the benefit accrues to the providers.
NYE, a professor of economics at George Mason University, holds the Frederic Bastiat Chair in Political Economy at the Mercatus Center.
PRIME Minister Imran Khan recently tweeted a quote from French economist Frederic Bastiat: 'When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.'
Islamabad -- Prime Minister Imran Khan on Sunday took to Twitter to share a quote from French Economist Frederic Bastiat as he weighed in on money laundering investigations being carried out against influential figures and senior politicians in the country.
ISLAMABAD -- Prime Minister Imran Khan while citing a quote of French economist Frederic Bastiat on Sunday said the money launderers behaved with indignation when they were questioned.
PM Imran Khan here on Sunday took to the twitter and shared a quote of France's renowned economist Frederic Bastiat about corruption.
ISLAMABAD -- Prime Minister Imran Khan says the truth of saying of French economist Frederic Bastiat is reflected clearly in the way money launderers are treated and the way they behave with indignation when questioned.
In 1850, Frederic Bastiat emphasized the distinction between what we see and what we do not see in our political and economic thinking.
This point, wittily illustrated by Frederic Bastiat in his essays, is generally considered kryptonite to protectionist theory, and most popular writing on the topic simply reiterates it.
Frederic Bastiat, a French economist and member of the French National Assembly, lived from 1801 to 1850.
It certainly does not add to his credibility that he calls Frederic Bastiat (1801-50) an "eighteenth century thinker" (p.
The book has an excellent bibliography, including Frederic Bastiat and the giants of Austrian economics Ludwig von Mises and Friedrich Hayek.