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Sophisms of the Protectionists
Frédéric Bastiat
Book Overview:
"To rob the public, it is necessary to deceive them," Bastiat said and believed. He reasoned, employing repetition to various applications, against fallacious arguments promoting the "Protection" of industries to the detriment of consumers and society.
Frédéric Bastiat was an early 19th century French economist/statesman whose common sense essays tried to battle the rise of socialist ideology after the French revolution, where provisional governments were rivaling each other for power. Of central concern was who should control the money. How is wealth created? How should it be divided amongst the people? What services should government provide? Same questions we are asking now. This essay addresses the popular fallacy of the day that Capital should be available to all gratuitiously, without necessity of paying back loans, and looking upon any form of interest as Usury.
"To rob the public, it is necessary to deceive them," Bastiat said and believed. He reasoned, employing repetition to various applications, against fallacious arguments promoting the "Protection" of industries to the detriment of consumers and society.
Frédéric Bastiat was an early 19th century French economist/statesman whose common sense essays tried to battle the rise of socialist ideology after the French revolution, where provisional governments were rivaling each other for power. Of central concern was who should control the money. How is wealth created? How should it be divided amongst the people? What services should government provide? Same questions we are asking now. This essay addresses the popular fallacy of the day that Capital should be available to all gratuitiously, without necessity of paying back loans, and looking upon any form of interest as Usury.
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"Assuredly," said Mr. Gauthier de Roumilly, lately, "assuredly no one wishes to call up from their graves the defunct theories of the balance of trade." And yet Mr. Gauthier, after giving this passing blow to error, goes on immediately afterwards, and for two hours consecutively, to reason as though this error were a truth.
Give me Mr. Lestiboudois. Here we have a consistent reasoner! a logical arguer! There is nothing in his conclusions which cannot be found in his premises. He asks nothing in practice which he does not justify in theory. His principles may perchance be false, and this is the point in question. But he has a principle. He believes, he proclaims aloud, that if France gives ten to receive fiftee. . . Read More
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Community Reviews
4 stars. Social Fallacies or Economic Sophisms by Bastiat was an interesting read. Although I don’t agree 100% with his conclusions, Bastiat makes a compelling argument for economic policy. Even though this was written in the mid 1800’s in France it points out very clearly the fallacy of government
There is a sense of sadness that a reader has about a book like this one. Let us make no mistake, this is a great book, but it is a great book that exists under a bit of a shadow. For one, the author died in the prime of life from tuberculosis during a period of time when he could have had a great
Bastiat (1801-1850) destroys protectionist ideologies in minute detail with thorough, compelling arguments. Unlike protectionism, which approaches economic theory from the standpoint of the producer, Bastiat instructs from the standpoint of the consumer. The book is entertaining - not dry - and deal
A preface of mice and men
Take feces from a fat man and a thin, insert the "fat-shit" and "thin-shit" into the guts of mice. Feed all the mice the exact same diet, and those with "fat-man-shit" become fat, the rest thin.
This empiric result devastates the obviously true caloric theory of weight gain
Ya en 1859 se hablaba de las consecuencias que se originaban a raíz de las políticas intervencionistas del Estado en materia económica, Bastiat recoge algunas de las falacias (que aún se siguen manifestando a raíz del marxismo y el keynesianismo principalmente) y de manera satírica (sin dejar lo ele