Frederic Bastiat Quotes Socialism

Frederic Bastiat — French Economist born on June 30, 1801, died on December 24, 1850

Claude Frédéric Bastiat 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 introducing the Parable of the Broken Window or the "Glazier's fallacy". His ideas have provided a basis for libertarianism and the Austrian School... (wikipedia)