Bestseller The Economics of Freedom: What Your Professors Won't Tell You By Frédéric Bastiat Clark Ruper Tom Palmer are Ebook Claude Fr d ric Bastiat 29 June 1801 24 December 1850 was a French classical liberal theorist, political economist, and member of the French assembly.. A collection of essays by nineteenth century French political economist Fr d ric Bastiat.. The best Book The Economics of Freedom: What Your Professors Won't Tell You Bastiat is one of economics’ great early thinkers, though sadly much less known than his contemporary Karl Marx. Diametrically opposed to Marx’ thinking, Bastiat was responsible for the concept of opportunity cost (though he didn’t call it that) and used the concept to argue strongly for the smallest possible role for government. Taxation, he argued, shifted money from citizens and the more productive private sector to the less efficient public sector and therefore had a detrimental effect on a nation’s wealth.The collection includes many of Bastiat’s works, including: “What is Seen and What is Not Seen” - his treatise on the hidden effects of economic actions (opportunity cost); “A Petition” - his mocking plea to government to abolish sunlight so as to increase economic production through increased consumption of tallow, charcoal, oil, resin, wax etc; “A Negative Railroad” in which he argues mockingly again, this time for unlimited stops on a proposed railroad so that every location on its route can benefit from trade and thereby increase economic output; and “The Balance of Trade” in which he tackles common misconceptions about the effects of trade surpluses and deficits. The latter work follows by 50 years Ricardo’s work on the comparative advantage of nations, and tackles the common misconceptions about trade deficits and surpluses held by Bastiat’s political contemporaries.The book is published jointly by the right wing Atlas Economic Foundation and Students for Liberty, and the concluding section by the Cato Institute’s Tom Palmer is calculated to “show the importance of Bastiat’s ideas and then update them to more contemporary issues;” more specifically to expose today’s “fallacious economic thought [that] is being used to justify the steady erosion of our freedoms.” Consuming about a third of the book, Palmer’s chapter is unfortunately just a right-wing polemic. Clearly written, logically structured and linked to Bastiat’s work, Palmer summarizes the political right wing’s small government / low taxation manifesto, but unfortunately his effort is mismatched with Bastiat’s groundbreaking works. Further, in applying Bastiat’s important concepts to modern political organisation, he takes them to illogical extremes - a simplistic leap of logic that hasn’t produced workable solutions on either the right or the left. The problem with the Palmer’s work - “follow us, folks, for ours is the true path” - is the same as that of many political parties. Specifically, as important as Bastiat’s (or Marx’s, or Keynes’, or Hayek’s, or Friedman’s), works have been in helping us understand our economies and guide us forward, they are not unassailable ‘truths’; rather they are well argued ideas that help guide us in a very complex and fluid political economy. The publishers should be commended for highlighting Bastiat’s important work, and for making it available for 99 cents in electronic form, but unfortunately their good efforts are tempered a bit by their dogmatism. Despite the inclusion of Palmer’s weaker and politicized work, the book is essential reading and a worthy introduction to Bastiat.
The Economics of Belonging Princeton University Press Martin Sandbu has been writing about economics for the Financial Times since Having started out as the newspaper s economics leader writer, he is currently FT s European economics commentator and writes its Free Lunch premium economics newsletter.Previously, he was a senior research fellow at the Zicklin Center for Business Ethics Research at the Wharton School of the University of The Economics of Filecoin How it stacks up against Aug , At Blockstack, we re thinking very hard about crypto economic system design, particularly as we approach the release of our own mining system and token sale for the Blockstack network Bitcoin The Economics of Sex YouTube Feb , This Research Animate pulls together some of the key sexual economics arguments made by social scientists, including Roy Baumeister, Kathleen Vohs, Timothy Reichert, Mark Regnerus, and George Akerlof. economics Definition, History, Examples, Facts Economics, social science that seeks to analyze and describe the production, distribution, and consumption of wealth In the th century economics was the hobby of gentlemen of leisure and the vocation of a few academics economists wrote about economic policy but were rarely consulted by legislators before decisions were made Today there is hardly a government, international agency, or Economics The Economic Times Business News Read Latest Financial news, Stock Share Market News, Economy News, Business News on The Economic Times Find IPO Analysis, Mutual Funds Trends