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Unseen Economics

Peter Smith

Aug 25 2024

7 mins

That Which is Seen and That Which is Not Seen
by Frédéric Bastiat, edited by Gary Furnell
Connor Court, 2024, 120 pages, $29.95

Why bother with an obscure French economist and essayist who wrote in the first half of the nineteenth century? I’ll come to it. But first to my use of the word obscure. After all, there are dozens of Bastiat societies around the world under the auspices of the American Institute for Economic Research. Still, I doubt Frédéric Bastiat appears in any Australian university undergraduate economics course. He certainly didn’t appear in mine. And, as I pointed out in an article I wrote on Bastiat’s economic insights in the September 2020 issue of Quadrant, he doesn’t appear in Mark Blaug’s Economic Theory in Retrospect, which is something of a bible on the history of economic thought.

Robert Hébert wrote in the 1987 edition of The New Palgrave: A Dictionary of Economics: “Generally, judgment on Bastiat has been that he made no original…

Peter Smith

Peter Smith

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Peter Smith

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