Essays on Political Economy: Bastiat, Frederic.
By this means, we shall end by having a railroad composed of a whole series of breaks in the tracks, i.e., a negative railroad. Whatever the protectionists may say, it is no less certain that the basic principle of restriction is the same as the basic principle of breaks in the tracks: the sacrifice of the consumer to the producer, of the end to the means.
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Essays on Political Economy is the first work I have ever read by Bastiat beyond quotes and excerpts. I come away very impressed with his lines of reasoning and his simple examples to depict more complicated economic interactions and concepts. Bastiat is a precursor to the Austrian school of econ.
That which is not seen, is the labour and the profit to which this same combination would give rise, if it were left to the tax-payers. In 1848, the right to labour for a moment showed two faces. This was sufficient to ruin it in public opinion. One of these faces was called national workshops. The other, forty-five centimes. Millions of francs went daily from the Rue Rivoli to the national.
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