Political Economy

Summary

"Political Economy" is a collection of essays by the French economist and writer Frederic Bastiat. The book was first published in 1850 and contains some of Bastiat's most famous essays, including "The Law" and "What Is Seen and What Is Not Seen."

In "Political Economy," Bastiat argues for free-market economics and limited government intervention in the economy. He critiques protectionist policies and argues that free trade leads to greater economic growth and prosperity. He also discusses the role of government in providing public goods and services, such as infrastructure and education.

One of Bastiat's most famous essays, "The Law," argues that the purpose of the law is to protect individual rights and that any government action that goes beyond this is a violation of those rights. He also discusses the concept of "legal plunder," which occurs when the government takes from some individuals to give to others, and argues that this is unjust and counterproductive.

Overall, "Political Economy" is a seminal work in the field of economics and a classic of classical liberal thought. It continues to be studied and debated today for its insights into free-market economics and the role of government in the economy.