Capital and Interest (Illustrated)

Business & Finance, Economics, Macroeconomics, Theory of Economics
Cover of the book Capital and Interest (Illustrated) by Frederic Bastiat, AS Team
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Frederic Bastiat ISBN: 1230000276355
Publisher: AS Team Publication: October 24, 2014
Imprint: Language: English
Author: Frederic Bastiat
ISBN: 1230000276355
Publisher: AS Team
Publication: October 24, 2014
Imprint:
Language: English

The book has an active table of contents for easy access to each chapter.

Frederic Bastiat was a French political economist, statesman, classical liberal theorist, and the French Assembly. He coined the important economic concept of opportunity cost. His ideas have become the foundation for libertarian and the Austrian schools of thought.

Most of Bastiat’s political writings were done during the years just before and immediately after the Revolution of February 1848 when France was rapidly turning to complete socialism. As a Deputy to the Legislative Assembly, Bastiat explained each socialist fallacy as it appeared and how socialism must inevitably degenerate into communism that it must fail.

The same situation exists in China today as in the France of 1848 after China became the second power house by GDP. The China Model and the China Specialized Socialism and planed economy that were then adopted in France are now sweeping China with a peak confidence.

In this essay, Mr. Bastiat explained how the interest on capital declines as it becomes more plentiful. His key contribution to Austrian capital theory is his explanation how the accumulation of capital results in the enrichment of the workers by raising marginal productivity of workers. Capital accumulation would also result in cheaper and better quality consumer goods and raise real wages. Thus, the interests of capitalists and labor are aligned together. Bastiat also explained in the essay why in a free market no one can accumulate capital unless he uses it in a way that benefits others.

The Essay is already read more than a hundred years and it will still be read for another century due to its truths.

 

 

 

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

The book has an active table of contents for easy access to each chapter.

Frederic Bastiat was a French political economist, statesman, classical liberal theorist, and the French Assembly. He coined the important economic concept of opportunity cost. His ideas have become the foundation for libertarian and the Austrian schools of thought.

Most of Bastiat’s political writings were done during the years just before and immediately after the Revolution of February 1848 when France was rapidly turning to complete socialism. As a Deputy to the Legislative Assembly, Bastiat explained each socialist fallacy as it appeared and how socialism must inevitably degenerate into communism that it must fail.

The same situation exists in China today as in the France of 1848 after China became the second power house by GDP. The China Model and the China Specialized Socialism and planed economy that were then adopted in France are now sweeping China with a peak confidence.

In this essay, Mr. Bastiat explained how the interest on capital declines as it becomes more plentiful. His key contribution to Austrian capital theory is his explanation how the accumulation of capital results in the enrichment of the workers by raising marginal productivity of workers. Capital accumulation would also result in cheaper and better quality consumer goods and raise real wages. Thus, the interests of capitalists and labor are aligned together. Bastiat also explained in the essay why in a free market no one can accumulate capital unless he uses it in a way that benefits others.

The Essay is already read more than a hundred years and it will still be read for another century due to its truths.

 

 

 

More books from AS Team

Cover of the book ECONOMIC ASPECT OF LENGTHENING HUMAN LIFE (Illustrated) by Frederic Bastiat
Cover of the book John Stuart Mill on Tocqueville’s Democracy in America of Vol. 1 and Vol. 2 (Illustrated) by Frederic Bastiat
Cover of the book Alfred Marshall On Rent (Illustrated) by Frederic Bastiat
Cover of the book The Wealth of Nations (Illustrated and Bundled with TWO TREATISES OF GOVERNMENT) by Frederic Bastiat
Cover of the book A PERPLEXED PHILOSOPHER (Illustrated) by Frederic Bastiat
Cover of the book Engineers and the Price System (Illustrated) by Frederic Bastiat
Cover of the book Real Issues Concerning Interest (Illustrated) by Frederic Bastiat
Cover of the book The General Theory of Employment, Interest and Money (Illustrated and Bundled with The Wealth of Nations) by Frederic Bastiat
Cover of the book CAPITAL: THE PROCESS OF CAPITALIST PRODUCTION V. 3 (Illustrated and Bundled with The Communist Manifesto) by Frederic Bastiat
Cover of the book An Historical Account of Two Notable Corruptions of Scripture: Full and Fine Text of 1754 Edition (Illustrated and Bundled with Life of Isaac Newton) by Frederic Bastiat
Cover of the book THE THEORY OF INTEREST (Illustrated and Bundled with Fisher's Rate of Interest) by Frederic Bastiat
Cover of the book Definitions in Political Economy (Illustrated) by Frederic Bastiat
Cover of the book The Purchasing Power of Money (Illustrated and Extended with Dollar Stabilization) by Frederic Bastiat
Cover of the book The Communist Manifesto (Illustrated and Bundled with WHAT IS TO BE DONE?) by Frederic Bastiat
Cover of the book Life and Works of John Stuart Mill: Full Text of 1873 Herbert Spencer Edition (Illustrated) by Frederic Bastiat
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy