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Bastiat's Legacy in Economics

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Tags History of the Austrian School of Economics

07/30/2014Jörg Guido Hülsmann
 

Volume 4, No. 4 (Winter 2001)

 

The author discusses four areas in which Frédéric Bastiat has made important contributions to economic theory. These contributions have had lasting value and are liable to enrich current research in the Austrian tradition. Bastiat’s great themes — harmony rather than equilibrium, property versus spoliation, and property and value — have been almost completely neglected in professional economic science during the unfortunate twentieth century. It is therefore time to return to the works of this genius and to build on some of the foundations he has laid.

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Hülsmann, Jörg Guido. "Bastiat's Legacy in Economics."  The Quarterly Journal of Austrian Economics 4, No. 4 (Winter 2001): 55–70.

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