Claude Frédéric Bastiat (30 June 1801 – 24 December 1850) 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 penning the influential Parable of the Broken Window. more »
Click here to add this poet to your My Favorite Poets.
Quotationsmore quotations »
''Government is the great fiction, through which everybody endeavors to live at the expense of everybody else.''Frédéric Bastiat (1801-1850), French political economist. Essays on Political Economy (1872). "Government," pt. 3 (1846).