Economic Sophisms Illustrated eBook Frédéric Bastiat
Download As PDF : Economic Sophisms Illustrated eBook Frédéric Bastiat 
This book is an illustrated version of the original Economic Sophisms by Frédéric Bastiat. “The system of Bastiat having thus a destructive as well as a constructive object, a negative as well as a positive design, it is perhaps only doing justice to his great reputation as an economist to put the English reader in a position to judge of that system as a whole. Hence the present translation of the Sophismes is intended as a companion volume to the translation of the Harmonies.
It is unnecessary for me to say more here by way of preface, the gifted author having himself explained the design of the work in a short but lucid introduction.”
Economic Sophisms Illustrated eBook Frédéric Bastiat
Bastiat's apology of free trade is thorough and compelling. Reading it sounds like a review of current arguments for and against free trade. He envisions "a fusion of nations", peace and firm alliances.Product details
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Economic Sophisms Illustrated eBook Frédéric Bastiat Reviews
This book is 150 years old, and yet many people do not understand its lessons even though it is easy and fun to read. It is fitting that my 1964 FEE edition of this book has an introduction by Henry Hazlitt. Hazlitt's "Economics in One Lesson" is more analytical and less humorous than "Economic Sophisms" but the two are classics in introductory economics.
Bastiat's starting point is that desirable economic decisions come from viewing voluntary exchange through the consumer's eyes rather than through the producer's. For example, the "negative railway" highlights the fallacy of adding barriers to productivity in order to increase the costs of transportation. By breaking the tracks from France to Spain, the City of Orleans and its hotels, boatmen, and porters benefit since goods need to unloaded and moved to a new train and passengers are made to disembark. This looks good for producers but terrible for consumers. Especially since following this logic would mean that every city along the tracks should also tear down the rails!
The genius of this book is that Bastiat does not need lengthy discussions of externalities and production frontiers to get his point across. Through the simple illustrations, the reader learns these concepts anyway even without being formally introduced to them.
great book for anyone interested in economics and political philosophy. A wonderful book about the myths surrounding free trade and the myths about the benefits or protectionism. It's also a humorous satire of protectionists.
Bastiat does some gentle and not so gentle poking fun at the Trade Luddites of his era. His defense of free trade is no less relevant today. In fact, with the nonsense we are hearing about trade from political and activist quarters - it is probably even more important today.
The book is lucid and fascinating. I recommend it for anyone who wants to avoid fallacious economic thinking. Good luck to all.
A good read
Fredric Bastiat explains what is wrong with the misleading view of economics being taught today. I also highly recommend his book, The Law and That which is Seen and That which is not Seen, the unintended consequences of government spending.
I am amazed that this book is not a required reading in schools. This is a must have and a must read! And if you have the chance, please share it with others!
Bastiat's apology of free trade is thorough and compelling. Reading it sounds like a review of current arguments for and against free trade. He envisions "a fusion of nations", peace and firm alliances.
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