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Happy Birthday Frederic Bastiat

Wed, Nov 22, 3:11 PM ET, by Bob McTeer

Fifteen years ago, I had the honor of giving the keynote address in Dax, France, honoring Frederic Bastiat on his 200th birthday. I titled the speech, "Why Bastiat is My Hero." The event was arranged by a wonderful man named Jacque de Guenin who founded the Bastiat Circle. In recent years, Jacque has been overseeing a re-translation of Bastiat's works from French to English by the Liberty Fund. Unfortunately, Jacque died last year before that massive undertaking was completed.
We need Bastiat and Jacque more than ever these days. Bastiat articulated the case for free markets, and especially free trade, better than anyone before or since, using wit as well as wisdom. Those who don't know his name may still remember quotes from him in economic textbooks, especially his "Petition on Behalf of the French Candle Makers," to block the sunlight so as to give a boost to candle making. (Unfair competition, you see.) Bastiat's "Broken Window Fallacy" may also be familiar, as well as his discussion of the seen versus the unseen.

I recently discovered that someone had put my speech on, "Why Bastiat Is My Hero," on You Tube. If interested, you may find it here.

This Article's Word Cloud:   Bastiat   Behalf   Broken   Circle   English   Fifteen   French   Fund   Hero   Jacque   Those   Unfortunately   Window   adsbygoogle   also   arranged   before   better   birthday   case   completed   discovered   economic   especially   find   free   from   give   here   interested   know   making   markets   massive   name   overseeing   someone   speech   still   sunlight   than   that   these   titled   undertaking   versus   well   wisdom   wonderful   years

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