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About Bastiat's Legacy in Economics
This document discusses Frédéric Bastiat's legacy as an economist and theorist. It argues that while Bastiat is recognized as a great pamphleteer and organizer of the 19th century free trade movement, his theoretical contributions have been unduly neglected. The document examines Bastiat's doctrine of economic harmony, which held that individuals' interests are harmonious under a system of free markets and private property rights. It contrasts this view with ideas of equilibrium favored by later economists. The document maintains that Bastiat made significant theoretical arguments, such as refuting claims of inherent conflicts between various groups, and that his work anticipates present-day Austrian economics. It seeks to restore Bastiat's standing as a significant contributor to economic theory.
Detailed Information
| Author: | ['Michail Sachsamanoglou'] |
|---|---|
| Publication Year: | 2012 |
| Pages: | 16 |
| Language: | English |
| Format: | |
| Price: | FREE |
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