Notes from Frederick Bastiat’s Essays on Political Economy
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About this ebook
Frederick Bastiat was a French economist living in the early and mid-1800's, but his economic and political insight is timeless. Here, in this small e-booklet, Catherine shares many of his key points, along with a limited amount of commentary. If you are a conservative and have never read Bastiat's Essays, this is a great way to be introduced to them!
Catherine McGrew Jaime
Historian, and Author, Homeschool Mom of 12
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Notes from Frederick Bastiat’s Essays on Political Economy - Catherine McGrew Jaime
Introduction
I had read much of Bastiat’s essay, The Law, many years ago, and remembered it as being well written, but I was still surprised when I recently stumbled upon his Essays on Political Economy (written shortly before his death in 1850). I was looking for a few nuggets, a few good quotes or ideas, to help finish up an economics book I was working on. Instead I felt like I had stumbled into a political and economic gold mine. It was difficult to believe these words were written in France over 160 years ago. I was frustrated that I had never read them before, never had the opportunity to share them with my students, or discuss them with friends. As I worked through page after page of his thoughts, I was impressed, I was uplifted, and I was motivated to share them with others. I have selected highlights from his essay to share with interested readers. I hope you enjoy his insight on government and politics, interrupted only occasionally by my own limited commentary. (Please Note: My comments are in italics and I have bolded a number of Bastiat’s extremely significant points along the way.)
What is Government?
What is the Proper Use of Government?
Bastiat pulled no punches when he described government and what it can and cannot accomplish: "I should be glad enough, you may be sure, if you had really discovered a beneficent and inexhaustible being, calling itself the Government, which has bread for all mouths, work for all hands, capital for all enterprises, credit for all projects, oil for all wounds, balm for all sufferings, advice for all perplexities, solutions for all doubts, truths for all