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The Firm in a Free Society: Following Bastiat's Insights

The Journal of Libertarian Studies

Tags Monetary TheorySubjectivism

07/30/2014Pascal Salin

Frédéric Bastiat did not devote much attention to the problem of the firm, so taking an interest in his thoughts on the topic could seem strange. Yet, the foundations for a realistic theory of the firm (and, more generally, of the distribution of human activities) are found in chapter 14, “Wages,” of Bastiat’s classic book Economic Harmonies. Further, the way that Bastiat lays the foundations are both original and profound. In this article, I will review Bastiat’s approach, develop it more fully, and draw some practical and theoretical conclusions about the nature of the firm.

Volume 16, Number 3 (2002)

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Contact Pascal Salin

Pascal Salin is the author of eleven books, dozens of scholarly papers, and hundreds of articles in which he explains and develops economic science and courageously advocates individual liberty. See Jörg Guido Hülsmann's "Pascal Salin: Gentleman, Economist, Radical."

Cite This Article

Salin, Pascal. "The Firm in a Free Society: Following Bastiat's Insights." Journal of Libertarian Studies 16, No. 3 (2002): 1–18.

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