Free Market
Author:
Mark Thornton
Online Publish Date:
which allowed Bastiat to show that destruction (and a variety of government policies) is actually the path to poverty, not prosperity. This lesson is then be able to deny that scarcity exists and will always—hopefully—remember that every policy has an opportunity cost. If nothing else, they will not believe—as is often in the economy. Equilibrium theorists saw Bastiat’s conception of harmony as competition for their own concept of equilibrium—and rightly so—because while