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The Economics of Freedom: What Your Professors Won't Tell You
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The Economics of Freedom: What Your Professors Won't Tell You

4.21 of 5 stars 4.21  ·  rating details  ·  131 ratings  ·  11 reviews
A collection of essays by nineteenth century French political economist Frédéric Bastiat.
Kindle Edition
Published (first published January 1st 2010)
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Ian Robertson
Bastiat is one of economics’ great early thinkers, though sadly much less known than his contemporary Karl Marx. Diametrically opposed to Marx’ thinking, Bastiat was responsible for the concept of opportunity cost (though he didn’t call it that) and used the concept to argue strongly for the smallest possible role for government. Taxation, he argued, shifted money from citizens and the more productive private sector to the less efficient public sector and therefore had a detrimental effect on a ...more
I wound up torn on this book. The first half or so, the part that actually consisted of Bastiat's writing, was engaging and fun to read, if a little awkwardly translated at parts. I felt that he relied a little too strongly on straw men and reductio ad absurdum, but I'll take the foreword's advice and chalk it up to historical difference. Overall, it was a fun read for someone who tends to disagree the libertarian position more often than not. The second half or so, however, I found drearily dul ...more
Skylar Burris
It is popularly said, "We're all Keyensians now." The world has bought into the idea that the economy is fueled by spending rather than by saving. In a time when savings has fallen by the wayside, Bastiat's economic arguments in favor of thrift are needed more than ever. This volume provides a useful explanation of how thrift grows the economy in the long run. It also describes how protectionism harms the economy. Concrete analogies are used, and Bastiat emphasizes the importance of what is "uns ...more
Ron Shoemaker
Oct 20, 2014 Ron Shoemaker rated it 5 of 5 stars
Recommends it for: Everyone
Excellent writing. It is incredibly hard for me to believe that with writings this convincing being around since the early 1800's, we can still have a world full of protectionists and socialists today. Are they that ignorant, or just evil?
Chris Collins
I cannot recommend this collection of essays highly enough. For over 160 years now a battle of ideas (and sometimes, more than ideas) has been raging between competing political, social, and economic philosophies. While you have no doubt heard of the likes of Karl Marx, it's not as likely that you have heard of the likes of Frédéric Bastiat. Both were publishing their ideas at roughly the same time, but their views were light years apart. First, if you haven't done so already, read "The Communis ...more
Greg Duncn
Feb 19, 2014 Greg Duncn is currently reading it
Shelves: economics
Werner J. Swart
It boggles the mind that the so-called intelligent economists of our time could be so un-intelligent in their decision making, giving government more and more powers to intervene in a so-called free-market system. Refreshing and simple arguments debunking complicated economic problems.
A selection of articles that show how well hidden some of the modern fallacies are ... and we've grown up to believe them - so much that we don't even question them!
Ricky Beach
Good read. Bastiat challenges and shows the effect economic theories have beyond the immediate.
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Claude Frédéric Bastiat (29 June 1801 – 24 December 1850) was a French classical liberal theorist, political economist, and member of the French assembly.
More about Frédéric Bastiat...
The Law That Which Is Seen and That Which Is Not Seen Economic Sophisms Essays on political economy Bastiat Collection

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