Robbery by Law: What is Visible and What is Not Visible
6.99 €
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Robbery by Law: What is Visible and What is Not Visible
6.99 €
Frédéric Bastiat (1801-1850) was a French economist, member of parliament, and brilliant publicist who defended private property, the free market, and limited government.
Bastiat identifies such pernicious acts of the state as legalized plunder: "See when the law takes from men what belongs to them and gives to others to whom it does not belong. See when the law favors one citizen at the expense of another, doing what the citizen himself cannot do without committing a crime." An accurate description of legalized plunder convinces us that much of what governments today, including our own, do is legalized plunder, or, to put it in modern terms, legitimate theft. The essay "What is Seen and What is Not Seen" is Bastiat's greatest contribution to the economic concept of costs. According to Bastiat, the difference between bad and good economists is that the former adheres only to the consequence that is seen, while the latter takes into account both what is seen and all those consequences that must be foreseen.
Bastiat identifies such pernicious acts of the state as legalized plunder: "See when the law takes from men what belongs to them and gives to others to whom it does not belong. See when the law favors one citizen at the expense of another, doing what the citizen himself cannot do without committing a crime." An accurate description of legalized plunder convinces us that much of what governments today, including our own, do is legalized plunder, or, to put it in modern terms, legitimate theft. The essay "What is Seen and What is Not Seen" is Bastiat's greatest contribution to the economic concept of costs. According to Bastiat, the difference between bad and good economists is that the former adheres only to the consequence that is seen, while the latter takes into account both what is seen and all those consequences that must be foreseen.
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