The life and work of the 19th century economist and statesman, Claude-Frédéric Bastiat (1801-1850), are highlighted by Guido Hülsmann. Beginning his work in economics to fight against tariffs and to argue for free trade, Bastiat published The Law in 1850. His influence spread quickly as it was translated into many languages all over Europe. In it he argued that the whole point of law is to protect the private property of every member of society.

Thanks to Bastiat, we have the brilliant illustration of the broken window fallacy from his essay "What Is Seen and What Is Not Seen." To see destruction as a source of economic growth by increasing income to re-build, Bastiat argued, is to focus only what is immediately visible and missing the loss of pre-existing wealth.

Playlist link for complete "Who Is?" series: [ Ссылка ]

Links to selected online writings on Austrian Economics:

Human Action: A Treatise on Economics
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Man, Economy, and State: A Treatise on Economics
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Economic Thought Before Adam Smith: An Austrian Perspective on the History of Economic Thought, Vol. I
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Classical Economics: An Austrian Perspective on the History of Economic Thought, Vol. II
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The Austrian School of Economics: A History of Its Ideas, Ambassadors, and Institutions
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Theory and History: An Interpretation of Social and Economic Evolution
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The Austrian Theory of the Trade Cycle and Other Essays
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The Failure of the "New Economics"
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Mises: The Last Knight of Liberalism
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Ludwig von Mises: Scholar, Creator, Hero
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Friedrich A. Hayek: A Centenary Appreciation
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Henry Hazlitt: A Man for Many Seasons
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Murray Rothbard: Mises's True Heir
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Frédéric Bastiat: Champion of Laissez-faire
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The Genius of Carl Menger
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The Life and Works of Böhm-Bawerk
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Why Austrian Economics Matters
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Mises and Austrian Economics: A Personal View
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Ludwig von Mises and the Austrian School of Economics
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Mises, Hayek, and the Market Process: An Introduction
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Praxeology: The Methodology of Austrian Economics
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The Ultimate Foundation of Economic Science
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Interventionism: An Economic Analysis
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Nation, State, and Economy
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The Anti-Capitalistic Mentality
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Socialism: An Economic and Sociological Analysis
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Economic Freedom and Interventionism
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Historical Setting of the Austrian School of Economics
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The Philosophical Origins of Austrian Economics
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Capitalism: A Treatise on Economics
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The Gold Standard: Perspectives in the Austrian School
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The Place of Human Action in the Development of Modern Economic Thought
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Economic Science and the Austrian Method
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Austrian Macroeconomics: A Diagrammatical Exposition
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Philosophical and Ethical Implications of Austrian Economics
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The Austrian Theory of Money
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The Austrian School's Critique of Marxism
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Methodology of the Austrian School Economists
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Classical Liberalism and the Austrian School
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The Positive Theory of Capital
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Principles of Economics
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The Free Market and Its Enemies
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Government Against the Economy
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Individualism and Economic Order
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