Author of the satirical parable known as the "Candlemakers' petition" (in Economic Sophisms), as well as the Parable of the Broken Window. Claude-Frédéric Bastiat (1801–1850) was a French economist and author who was a prominent member of the French Liberal School. He developed the economic concept of opportunity cost. He was also a Freemason, and member of the French National Assembly.
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| - Frédéric Bastiat
- Frédéric Bastiat
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| - Author of the satirical parable known as the "Candlemakers' petition" (in Economic Sophisms), as well as the Parable of the Broken Window. Claude-Frédéric Bastiat (1801–1850) was a French economist and author who was a prominent member of the French Liberal School. He developed the economic concept of opportunity cost. He was also a Freemason, and member of the French National Assembly.
- Claude Frédéric Bastiat (1801-1850) was a French economist, legislator, and writer who championed private property, free markets, and limited government. Perhaps the main underlying theme of Bastiat's writings was that the free market was inherently a source of "economic harmony" among individuals, as long as government was restricted to the function of protecting the lives, liberties, and property of citizens from theft or aggression. To Bastiat, governmental coercion was only legitimate if it served "to guarantee security of person, liberty, and property rights, to cause justice to reign over all."
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| - Category:Frédéric Bastiat
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| abstract
| - Author of the satirical parable known as the "Candlemakers' petition" (in Economic Sophisms), as well as the Parable of the Broken Window. Claude-Frédéric Bastiat (1801–1850) was a French economist and author who was a prominent member of the French Liberal School. He developed the economic concept of opportunity cost. He was also a Freemason, and member of the French National Assembly.
- Claude Frédéric Bastiat (1801-1850) was a French economist, legislator, and writer who championed private property, free markets, and limited government. Perhaps the main underlying theme of Bastiat's writings was that the free market was inherently a source of "economic harmony" among individuals, as long as government was restricted to the function of protecting the lives, liberties, and property of citizens from theft or aggression. To Bastiat, governmental coercion was only legitimate if it served "to guarantee security of person, liberty, and property rights, to cause justice to reign over all." Bastiat emphasized the plan-coordination function of the free market, a major theme of the Austrian School, because his thinking was influenced by some of Adam Smith's writings and by the great French free-market economists Jean-Baptiste Say, Francois Quesnay, Destutt de Tracy, Charles Comte, Richard Cantillon (who was born in Ireland and emigrated to France), and Anne Robert Jacques Turgot. These French economists were among the precursors to the modern Austrian School, having first developed such concepts as the market as a dynamic, rivalrous process, the free-market evolution of money, subjective value theory, the laws of diminishing marginal utility and marginal returns, the marginal productivity theory of resource pricing, and the futility of price controls in particular and of the government's economic interventionism in general.
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