Showing posts with label books - The Law. Show all posts
Showing posts with label books - The Law. Show all posts

Nov 30, 2023

Frédéric Bastiat on the "people are no good" premise

The claims of these organizers of humanity raise another question which I have often asked them and which, so far as I know, they have never answered: If the natural tendencies of mankind are so bad that it is not safe to permit people to be free, how is it that the tendencies of these organizers are always good?  Do not the legislators and their appointed agents also belong to the human race?  Or do they believe that they themselves are made of a finer clay than the rest of mankind?

~ Frédéric Bastiat, The Law

1850




Jul 2, 2020

Frederic Bastiat on the difference between a good and bad economist

In the department of economy, an act, a habit, an institution, a law, gives birth not only to an effect, but to a series of effects. Of these effects, the first only is immediate; it manifests itself simultaneously with its cause—it is seen. The others unfold in succession—they are not seen: it is well for us if they are foreseen. Between a good and a bad economist this constitutes the whole difference—the one takes account of the visible effect; the other takes account both of the effects which are seen and also of those which it is necessary to foresee.

~ Frederic Bastiat, The Law

The Law | Mises Institute