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Thursday, September 20, 2012

The Law

The Law was originally published in French in 1850 by Frederic Bastiat. It was written two years after the third French Revolution of 1848 and a few months before his death of tuberculosis at age 49. It is the work for which Bastiat is most famous. This translation to American English is from 1874.

Author Biography : Claude Frédéric Bastiat (pronounced: ) (30 June 1801 – 24 December 1850) was a French classical liberal theorist, political economist, and member of the French assembly. He was notable for developing the important economic concept of opportunity cost, and for penning the influential Parable of the Broken Window (AKA "Broken Window Fallacy").

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