The Economics of Freedom: What Your Professors Won’t Tell You

Description

No writer ever explained the danger of legal plunder better than Frédéric Bastiat. His brilliant arguments against socialism led Nobel
Prize winner FA. Hayek to call him “a publicist of genius” and Harvard’s Joseph Schumpeter to call him “the most brilliant economic journalist who ever lived”

Bastiat uses logic and humor—in this abridged edition from his collected works—to explode the fallacies on which government
intervention in the economy rest. He shows that restricting trade cannot expand prosperity,and that using force to benefit some at the
expense of others erases from everyone’s conscience the distinction between justice and injustice.

For students unaware of the case for free men and free markets, this little book will be a great awakening from the myths of the
macroeconomics typical of most economics instruction, and of much of economic journalism and political commentary of today.

This brief introduction to “the most brilliant economic journalist who ever lived” will serve students and others well in their preparation for life and for their involvement in public affairs.

From the Foreword by F.A. Hayek:
“It is doubtful whether there is one among the fallacies which one might have hoped Bastiat had killed once and for all that has not
experienced its resurrection. | shall give only one example. To an account of Bastiat’s best-known economic fable, ‘The Petition of
the Candlemakers against the Competition of the Sun,’ in which it is demanded that windows should be prohibited because of the benefit which the prosperity of the candlemakers would confer on everyone else,a well-known French textbook of the history of economics adds in its latest edition the following footnote: ‘It should be noted that according to Keynes—on the assumption of underemployment and in accordance with the theory of the multiplier—this argument of the candlemakers is literally and fully valid.”

ISBN 978-0-89803-1k9-0

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