The Law

The Law by Frederic Bastiat

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Frederic Bastiat

A book by Frederic Bastiat

Frederic Bastiat / Frederic Bastiat - French liberal economist, supporter of free trade. He advocated free enterprise - a decisive condition for the establishment of social harmony in society. Supporter of the thesis of the mutually beneficial coexistence of labor and capital, predecessor of the Austrian school. Born June 30, 1801 in Bayonne. Orphaned at the age of 9, he grew up in the family of his grandfather - a merchant-exporter At the age of seventeen, he left school and started trading in earnest at his grandfather`s company, having practically studied the conditions of the then foreign trade in the first decade after the end of the Napoleonic Wars. During this period, state interference in trade was maximum, external turnover decreased, many traders simply left the market, leaving clerks, sailors and port workers without work. When Frederick was 25, his grandfather died, leaving him all the fortune; Bastiat handed the business over to a hired manager and took up education and scientific research. His companion in teaching and science was Felix Kudryu; in conversations and disputes with him, Bastiat formulated the main provisions of his theory. Once an ardent socialist, under the influence of Bastiat Kudru, he became a liberal economist, a supporter of the free market. Bastiat`s first printed work is dated 1834 and is dedicated to the merchants of Bordeaux and Le Havre, who demanded the abolition of duties on the import of agricultural products and, at the same time, their increase - on industrial goods. Proving the universal benefit of the complete abolition of duties, Bastiat announced his later famous slogan: “You demand benefits for the elect. I am prosperity for all.

” Bastiat`s work brought him success only in 1844, when he sent a pamphlet“ On the Impact of English and French Fees ”to the leading French journal, the Journal des Economistes. The article was published in October 1844. Bastiat became famous among French and English business circles seeking free trade, and was widely sought after as a public speaker in the academic and business community. In 1846 he became a corresponding member of the French Academy, in 1848 he was elected to the French National Assembly, but due to the severe form of tuberculosis by this time he could no longer speak in public. Bastiat`s main works were processed by him and published in 1850. Bastiat is famous for examples-parables that explained his work, and were included in the teaching apparatus of modern economics courses. On December 24, 1850, in Rome, he died of tuberculosis.

The Law PDF

Frederic Bastiat / Frederic Bastiat - French liberal economist, supporter of free trade. He advocated free enterprise - a decisive condition for the establishment of social harmony in society. Supporter of the thesis of the mutually beneficial coexistence of labor and capital, predecessor of the Austrian school. Born June 30, 1801 in Bayonne. Orphaned at the age of 9, he grew up in the family of his grandfather - a merchant-exporter At the age of seventeen, he left school and started trading in earnest at his grandfather`s company, having practically studied the conditions of the then foreign trade in the first decade after the end of the Napoleonic Wars. During this period, state interference in trade was maximum, external turnover decreased, many traders simply left the market, leaving clerks, sailors and port workers without work. When Frederick was 25, his grandfather died, leaving him all the fortune; Bastiat handed the business over to a hired manager and took up education and scientific research. His companion in teaching and science was Felix Kudryu; in conversations and disputes with him, Bastiat formulated the main provisions of his theory. Once an ardent socialist, under the influence of Bastiat Kudru, he became a liberal economist, a supporter of the free market. Bastiat`s first printed work is dated 1834 and is dedicated to the merchants of Bordeaux and Le Havre, who demanded the abolition of duties on the import of agricultural products and, at the same time, their increase - on industrial goods. Proving the universal benefit of the complete abolition of duties, Bastiat announced his later famous slogan: “You demand benefits for the elect. I am prosperity for all. ” Bastiat`s work brought him success only in 1844, when he sent a pamphlet“ On the Impact of English and French Fees ”to the leading French journal, the Journal des Economistes. The article was published in October 1844. Bastiat became famous among French and English business circles seeking free trade, and was widely sought after as a public speaker in the academic and business community. In 1846 he became a corresponding member of the French Academy, in 1848 he was elected to the French National Assembly, but due to the severe form of tuberculosis by this time he could no longer speak in public. Bastiat`s main works were processed by him and published in 1850. Bastiat is famous for examples-parables that explained his work, and were included in the teaching apparatus of modern economics courses. On December 24, 1850, in Rome, he died of tuberculosis.