Frederic Bastiat

The following article is from The Great Soviet Encyclopedia (1979). It might be outdated or ideologically biased.

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.


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.


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.
The Great Soviet Encyclopedia, 3rd Edition (1970-1979). © 2010 The Gale Group, Inc. All rights reserved.
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.
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PM Imran Khan here on Sunday took to the twitter and shared a quote of France's renowned economist Frederic Bastiat about corruption.
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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.
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The book has an excellent bibliography, including Frederic Bastiat and the giants of Austrian economics Ludwig von Mises and Friedrich Hayek.