The Law - Enhanced (Illustrated) [NOOK Book]

Overview

As recommended by Ron Paul, the wonderful text defines, through development, a just system of laws and then demonstrates how such law facilitates a free society.

The Law comes complete with a Touch-or-Click Table of Contents, divided by each section, and images of Frédéric Bastiat.

Claude Frédéric Bastiat...
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The Law - Enhanced (Illustrated)

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Overview

As recommended by Ron Paul, the wonderful text defines, through development, a just system of laws and then demonstrates how such law facilitates a free society.

The Law comes complete with a Touch-or-Click Table of Contents, divided by each section, and images of Frédéric Bastiat.

Claude Frédéric Bastiat was a French classical liberal theorist, political economist, and member of the French assembly. He was notable for developing the important economic concept of opportunity cost.

Bastiat was the author of many works on economics and political economy, generally characterized by their clear organization, forceful argumentation, and acerbic wit. Economist Murray Rothbard wrote that "Bastiat was indeed a lucid and superb writer, whose brilliant and witty essays and fables to this day are remarkable and devastating demolitions of protectionism and of all forms of government subsidy and control. He was a truly scintillating advocate of an untrammeled free market." On the other hand, Bastiat himself declared that subsidy should be available, but limited: "under extraordinary circumstances, for urgent cases, the State should set aside some resources to assist certain unfortunate people, to help them adjust to changing conditions." Among his better known works is Economic Sophisms, which contains many strongly worded attacks on statist policies. Bastiat wrote it while living in England to advise the shapers of the French Republic on pitfalls to avoid.

Contained within Economic Sophisms is the famous satirical parable known as the "Candlemakers' petition" which presents itself as a demand from the candlemakers' guild to the French government, asking the government to block out the Sun to prevent its unfair competition with their products. He also facetiously "advocated" forbidding the usage of everyone's right hand, based on the assumptions that more difficulty means more work and more work means more wealth.[7] Much like Jonathan Swift's A Modest Proposal or Benjamin Franklin's anti-slavery works, Bastiat's argument cleverly highlights basic flaws in protectionism by demonstrating its absurdity through logical extremes.

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Product Details

  • BN ID: 2940013470514
  • Publisher: Bieber Publishing
  • Publication date: 12/6/2011
  • Sold by: Barnes & Noble
  • Format: eBook
  • Sales rank: 933,445
  • File size: 182 KB

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