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Frederic Bastiat

Frédéric Bastiat (June 30, 1801– December 24, 1850) was a French political economist, classical liberal theorist, and legislator.  His literature has been instrumental in influencing the development of libertarianism and the Austrian school of economics. Bastiat is famous for developing the fundamental concept of opportunity cost. He was a firm believer in free markets and the individual’s right to life, liberty and property and that government should be restricted to protecting these rights from aggression and theft.

Fun Fact: Bastiat was raised and educated by his paternal grandfather.

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Bastiat's Life

His Literary Works Are a Treasure Trove That Can Still Instruct Readers Today

JUNE 01, 2001 by SHELDON RICHMAN

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Frederic Bastiat, Ingenious Champion for Liberty and Peace

Bastiat Was a Scintillating Advocate of an Untrammeled Free Market

JUNE 01, 1997 by JIM POWELL

Frederic Bastiat ranks among the most spirited defenders of economic freedom and international peace.Nobel Laureate F.A. Hayek called Bastiat a publicist of genius. The great Austrian economist Ludwig von Mises saluted Bastiat's immortal contributions. Best-selling economics journalist Henry Hazlitt marveled at Bastiat's uncanny clairvoyance. Said intellectual historian Murray N. Rothbard: Bastiat was indeed a lucid and superb writer, whose brilliant and witty essays and fables to this day are remarkable and devastating demolitions of protectionism and of all forms of government subsidy and control.

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Bastiat, Liberty, and The Law

Bastiat's Writing Exhibits a Rare Purity and Reasoned Passion

MAY 01, 1996 by SHELDON RICHMAN

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September 2014

For centuries, hierarchical models dominated human organizations. Kings, warlords, and emperors could rally groups--but also oppress them. Non-hierarchical forms of organization, though, are increasingly defining our lives. It's no secret how this shift has benefited our social lives, including dating, and it's becoming more commonplace even in the corporate world. But it has also now come even to organizations bent on domination rather than human flourishing, as the Islamic State shows. If even destructive groups rely on this form of entrepreneurial organization, then hierarchy's time could truly be coming to an end.
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