Bastiat, Frédéric

▪ French economist
in full  Claude-Frédéric Bastiat 
born June 29, 1801, Mugron, near Bayonne, France
died December 24, 1850, Rome, Papal States [Italy]
 French economist, best known for his journalistic writing in favour of free trade and the economics of Adam Smith (Smith, Adam).

      In 1846 he founded the Associations for Free Trade and used its journal, Le Libre-Échange (“Free Trade”), to advance his antiprotectionist views. In a well-known satiric parable that appeared in his Sophismes économiques (1845; Sophisms of Protection), Bastiat concocted a petition brought by candlemakers who asked for protection against the Sun, suggesting that candlemaking and related industries would greatly profit if the Sun were eliminated as a competitor in furnishing light.

      Bastiat's petition has become so well known that modern economists often use it in their own defenses of free trade; indeed, Paul Samuelson (Samuelson, Paul) put it at the head of one chapter in his best-selling textbook, Economics (1948). Bastiat also emphasized what he called the “unseen” consequences of government policy.

      During the revolutionary years 1848–49 he wrote against the rise of socialism, which he identified with protectionism. It was primarily his campaign against socialism and communism that won him a seat in the Constituent Assembly in 1849 and in the subsequent Legislative Assembly of the same year. Economic theorist Joseph Schumpeter (Schumpeter, Joseph A.) called Bastiat “the most brilliant economic journalist who ever lived.”

* * *


Universalium. 2010.

Look at other dictionaries:

  • Bastiat, Frédéric — (1810 1850)    economist, philosopher, statesman    Born near Bayonne, the son of a merchant in the Spanish trade, Frédéric Bastiat had limited success working in trade and farming on the family estate at Mugron. He became a strong proponent of… …   France. A reference guide from Renaissance to the Present

  • BASTIAT, FRÉDÉRIC —    an eminent political economist, born at Bayonne; a disciple of Cobden s; a great advocate of Free Trade; wrote on behalf of it and against Protection, Sophismes Economiques ; a zealous Anti Socialist, and wrote against Socialism (1801 1850) …   The Nuttall Encyclopaedia

  • Frédéric Bastiat — Classical liberalism Born 30 June 1801(1801 06 30) Bayonne, France Died 24 …   Wikipedia

  • Frédéric Bastiat — Claude, Frédéric Bastiat, plus communément Frédéric Bastiat (Bayonne, 30 juin 1801 Rome, 24 décembre 1850) est un économiste, homme politique et polémiste libéral …   Wikipédia en Français

  • Bastiat — Frédéric Bastiat Frédéric Bastiat Frédéric Bastiat (Bayonne, 30 juin 1801 Rome, 24 décembre 1850) est un économiste, homme politique et polémiste libéral …   Wikipédia en Français

  • Frederic Bastiat — Frédéric Bastiat Frédéric Bastiat Frédéric Bastiat (Bayonne, 30 juin 1801 Rome, 24 décembre 1850) est un économiste, homme politique et polémiste libéral …   Wikipédia en Français

  • Frédéric Bastiat — Claude Frédéric Bastiat (1801–1850) fue un escritor, legislador y economista francés al que se considera uno de los mejores divulgadores del liberalismo de la historia. Fue parte de la Escuela liberal francesa. Conocido también como el Cobden… …   Wikipedia Español

  • BASTIAT (F.) — BASTIAT FRÉDÉRIC (1801 1850) Économiste qui compte parmi les plus talentueux du courant libéral français. Bastiat naît à Bayonne, dans une famille de commerçants aisés. D’abord exploitant agricole, il devient juge de paix au début de la monarchie …   Encyclopédie Universelle

  • Frederic Bastiat — Claude Frédéric Bastiat (* 30. Juni 1801 in Bayonne, Frankreich; † 24. Dezember 1850 in Rom) war ein französischer Ökonom und Politiker. Er kann zur klassischen Ökonomie gezählt werden und gilt als bedeutender Vertreter des Liberalismus und des… …   Deutsch Wikipedia

  • Bastiat — Claude Frédéric Bastiat (* 30. Juni 1801 in Bayonne, Frankreich; † 24. Dezember 1850 in Rom) war ein französischer Ökonom und Politiker. Er kann zur klassischen Ökonomie gezählt werden und gilt als bedeutender Vertreter des Liberalismus und des… …   Deutsch Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.