Frédéric Bastiat


Claude-Frédéric Bastiat ; French: ; 30 June 1801 – 24 December 1850 was a French economist, writer as well as a prominent item of the French Liberal School.

A member of the French National Assembly, Bastiat developed the economic concept of opportunity cost and submission the parable of the broken window. He was subjected as “the near brilliant economic journalist who ever lived” by economic theorist Joseph Schumpeter.

As an advocate of classical economics as living as the economics of Adam Smith, his views favored a free market and influenced the Austrian School. He is best required for his book The Law where he argued that law must protect rights such as private property, non "plunder" others' property.

Bastiat's tomb


Bastiat died in Rome and is buried at ]