Frédéric Bastiat

Frédéric Bastiat

Summary

Portrait of Frédéric Bastiat Frédéric Bastiat What Is Free Trade?

Does the farmer make his clothes? Does the tailor raise the wheat which he consumes? Does not your housekeeper cease making bread at home so soon as she finds it more economical to buy it from the baker? Do you give up the pen for the brush in order to avoid paying tribute to the shoe-black? Does not the whole economy of society depend on the separation of occupations, on the division of labor; in one word, on exchange? And is exchange anything else than the calculation which leads us to discontinue, as far as we can, direct production, when indirect acquisition spares us time and trouble?
Source: Gutenberg

Portrait of Frédéric Bastiat Frédéric Bastiat What Is Free Trade?

If a country has made in the course of the year fifty millions of revenue in harvests and merchandise, she need but sell one-quarter to foreign nations, in order to make herself one-quarter richer than before! If then she sold the half, she would increase her riches by one-half; and if the last hair of her wool, the last grain of her wheat, were to be changed for cash, she would thus raise her product to one hundred millions, where before it was but fifty! A singular manner, certainly, of becoming rich. Unlimited price produced by unlimited scarcity!
Source: Gutenberg

Portrait of Frédéric Bastiat Frédéric Bastiat What Is Free Trade?

You agree that national labor ought to be protected. You agree that no foreign labor can be introduced into our market without destroying therein an equal amount of our national labor. Yet you assert that there is a host of merchandise possessed of value (since it sells) , which is, however, free from human labor. And, among other things, you name wheat, corn, meats, cattle, lard, salt, iron, brass, lead, coal, wool, furs, seeds, etc. If you can prove to me that the value of these things is not due to labor, I will agree that it is useless to protect them.
Source: Gutenberg

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