Occasional Paper Special
“Occasional Paper Special” by Frédéric Bastiat, published by the Institute of Economic Affairs in 1963, presents an English translation of Bastiat’s influential work, “The Law.” This edition spans 87 pages and delves into Bastiat’s perspectives on the role of law and morality in a free society, reflecting his concerns about government overreach in economic matters while emphasizing the protection of life and liberty.
Readers will find a thoughtful exploration of Bastiat’s ideas, shaped by his experiences and the political climate of the 19th century. The paper includes a new introduction by Professor Norman Barry, which contextualizes Bastiat’s arguments within historical frameworks and highlights their ongoing significance. This work is particularly relevant for those interested in political science and the principles of free trade, as it articulates the foundational beliefs of the laissez-faire tradition.
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Frederic Bastiat, who was born two hundred years ago, was a leader of the French laissez-faire tradition in the first half of the nineteenth century. He was influenced by Cobden’s Anti-Corn Law League and became a convinced free trader. Joseph Schumpeter described Bastiat as ‘the most brilliant economic journalist who ever lived’. In The Law, written in 1850, the year of his death, Bastiat recognises the central importance of the law and morality in a free society. He was concerned that government was using the ‘law’ to become too active a participant in the economy whilst devoting too little attention to protecting life and liberty. This Occasional Paper, which reprints an English translation of The Law, includes a new introduction by Professor Norman Barry of the University of Buckingham which places Bastiat’s views in their historical context and explains their continuing relevance today.
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