Protectionism and communism
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Frédéric Bastiat (1801-1850) was a French economist, statesman, and publicist who championed private property, free markets, and limited government. He led the free trade movement in France from its inception in 1840 until his untimely death in 1850. Bastiat founded the weekly newspaper "Le Libre Echange" and contributed to a variety of periodicals. Most of his works were written in the years before and after the Revolution of 1848—a time when socialism was rapidly gaining ground in France. Thus, Bastiat was one of the first proponents of free trade to be at the forefront of the fight against socialist ideas: he analyzed and explained all socialist fallacies as they emerged, demonstrating how socialism inevitably degenerated into communism. However, most of his compatriots preferred to ignore his logic.
Bastiat's works were immediately translated into other European languages after publication: German, Spanish, Italian, and English. Free trade associations, copied from the French, arose in Belgium, Italy, Sweden, and Prussia. Bastiat is famous for the parables he used to illustrate his work, and some of these parables are included in modern economics textbooks, such as "The Negative Railroad," "The Candlemakers' Petition," and, of course, the famous "Broken Window."
Bastiat's works were immediately translated into other European languages after publication: German, Spanish, Italian, and English. Free trade associations, copied from the French, arose in Belgium, Italy, Sweden, and Prussia. Bastiat is famous for the parables he used to illustrate his work, and some of these parables are included in modern economics textbooks, such as "The Negative Railroad," "The Candlemakers' Petition," and, of course, the famous "Broken Window."
See also:
- All books by the publisher
- All books by the author
- All books in the series GVL Library
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