[Gutenberg 44144] • Protection and Communism

Essays on Political Economy: Capital and Interest, That Which Is Seen, and That Which Is Not Seen, Government, What Is Money? The Law.

Protection and Communism. What Is Free Trade? Sophisms.

Claude Frédéric Bastiat was a French classical liberal theorist, political economist, and member of the French assembly. He was notable for developing the important economic concept of opportunity cost, and for introducing the Parable of the Broken Window. His ideas have gone on to provide a foundational basis for libertarian and the Austrian schools of thought.