What Is Free Trade? by Frédéric Bastiat

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Author Bastiat, Frédéric, 1801-1850
Translator Del Mar, Alexander, 1836-1926
LoC No. 06003449
Title What Is Free Trade?
An Adaptation of Frederic Bastiat's "Sophismes Éconimiques" Designed for the American Reader
Note Reading ease score: 55.7 (10th to 12th grade). Somewhat difficult to read.
Credits E-text prepared by Sankar Viswanathan and the Project Gutenberg Online Distributed Proofreading Team (https: //www.pgdp.net) from page images generously made available by the Making of America Collection of the University of Michigan Library (http: //www.hti.umich.edu/m/moagrp/)
Summary "What Is Free Trade?" by Frédéric Bastiat is a political and economic treatise written in the mid-19th century. This work explores the principles and implications of free trade, contrasting it with protectionist policies that aim to restrict commerce for the sake of domestic producers. Bastiat argues that such restrictions ultimately harm consumers and hinder overall economic prosperity. At the start of the text, the author introduces the concept of abundance versus scarcity, questioning why many advocate for policies that create artificial scarcity through tariffs despite the clear benefits of a plentiful supply of goods. He critiques the notion that limiting imports serves the public good and illustrates how protective measures often backfire, benefiting certain industries at the expense of broader economic health. Through a series of thought-provoking arguments, Bastiat lays the groundwork for a detailed examination of free trade's advantages, setting the stage for further discussions in subsequent chapters. (This is an automatically generated summary.)
Language English
LoC Class HF: Social sciences: Commerce
Subject Free trade
Subject Tariff -- United States
Category Text
EBook-No. 16106
Release Date
Most Recently Updated Dec 11, 2020
Copyright Status Public domain in the USA.
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