Reassessing Frédéric Bastiat as an Economic and Social Theorist
Most economists and social theorists, if they have ever heard of him, dismiss Frédéric Bastiat as a light-weight theorist. Joseph Schumpeter summed up the consensus view in 1954 describing him as “no theorist at all” with the very witty but false put down, that he was a clever journalist who got out of his depth … Read more