The Law
Frédéric Bastiat
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The Law

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Claude-Frédéric Bastiat (29 June 1801 – 24 December 1850) was a French economist and writer who was a prominent member of the French Liberal School. Bastiat developed the economic concept of opportunity cost and introduced the parable of the broken window. He was also a Freemason and member of the French National Assembly. As an advocate of classical economics and the economics of Adam Smith, his views favored a free market and influenced the Austrian School. Bastiat's most famous work is The Law, originally published as a pamphlet in 1850. It defines a just system of laws and then demonst...