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Source link: http://archive.mises.org/4698/bastiats-legacy-in-economics/

Bastiat’s Legacy in Economics

February 17, 2006 by

Claude Frédéric Bastiat (1801 — 1850) is one of the greatest economists ever. His role as organizer of the French, and inspiration of the nineteenth- century continental European free-trade movement is not controversial, and all historians recognize him as a great pamphleteer — some even calling him “the most brilliant economic journalist who ever lived.” It is however not generally recognized that Bastiat was also a significant theoretician whose discoveries have had a lasting importance. FULL ARTICLE

{ 3 comments }

Angelo February 17, 2006 at 7:20 pm

It’s so great to see Bastiat the credit he deserves. He was a radical, a kind of whom would save this country if he were still around.

Kenneth R. Gregg February 18, 2006 at 7:09 pm

Jörg,
You’ve done an excellent job in reconstructing the core issues in Bastiat that so often get overlooked.

Your exposition of each issue: harmony vs. equilibrium analysis, the two different welfare analyses underlying the voluntary and coercive forms of appropriation, plunder vs. profit, and the service nature of the market exchanges, are themes which underly much of both Austrian economics and libertarian theory, and present a strong case for the integration of the two into a durable theoretical structure.

I do hope that you have the opportunity to expand on these points, and to extend your historical consideration of other libertarians who have taken upon themselves to cover these issues. I would suggest looking into Spencer Heath, A.J. Galambos, and even some of Lysander Spooner’s economic ideas (he has some excellent passages relating to the above, but scattered in his writings) as some less well-known writers that it would be to your advantage into reviewing, as well as F.A. Harper, Robert LeFevre and Frank Chodorov.

Just a thought.
Just Ken
kgregglv@cox.net
Jörg

Kenneth R. Gregg February 19, 2006 at 11:29 pm

As an example, see this article by Spencer Heath that was printed in The Freeman: http://fee.org/publications/the-freeman/article.asp?aid=4575

Just a thought.
Just Ken
kgregglv@cox.net

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