The Law is a small book on the basics of economic principles written by Frederic Bastiat (1801-1850), a French economist and member of their National Assembly. He only published works during the last 5 years of his life, which was cut short by a lingering illness.
The Law struck me as an ecnomics version of Thomas Paine's Common Sense - a short, easy to understand book full of impassioned, clearly laid out arguments and examples that clearly demonstrate the author's arguments.
|Frederic Bastiat (1801-50)|
So, what is this short book The Law? I found it to be exciting, invigorating, intellectually stimulating, simple in it language and argument and every bit of a match for Thomas Paine's Common Sense. If the opening lines of the Declaration of Independence have meaning for you, if Adam Smith's Wealth of Nations makes sense to you, if you think Hayek's Road to Serfdom and Freidman's Free to Choose are relevant to the modern world make a point of reading this short book - it is powerful in its simplicity and it still has meaning 160 years after its initial publication.
I cannot recommend this book enough. 5 stars out of 5.
Note: Please make sure you get the 1950 translation - by all accounts it is superior.
Reviewed on October 16, 2010.
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