Bastiat’s Legacy in Economics
Claude Frédéric Bastiat (1801 — 1850) is one of the greatest economists ever.
Claude Frédéric Bastiat (1801 — 1850) is one of the greatest economists ever.
A book-length manuscript based on notes taken by Bettina B. Greaves during the Mises Seminar in New York in the 1960s.
Originally published as chapter 16 in An Austrian Perspective on the History of Economic Thought, Vol. I
Today, December 5, marks the birthday of Rose Wilder Lane (Daughter of Laura Ingalls Wilder) born 1886 and died 1968.
By focusing on the symptoms rather than causes, there is no way that one can make an economy more healthy and prosperous.
One of the best writers of the old liberal school was Thomas Babington, Lord Macaulay (1800-1859), the Whig historian, essayist and statesman.
These days, writes Frank Shostak, it is commonly accepted that the motor of the economy is overall demand for goods. Hence the growth of an economy is dependent on the strength of this motor.