Investing · Western classics

Frédéric Bastiat:Economic Sophisms, Excerpt 11

Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing

This sophism in its more general form may make little impression, but applied to a particular order of facts, to a certain branch of industry, to a given class, of producers, it is extremely specious; and this is easily explained. It forms a syllogism which is not _false_, but _incomplete_. Now, what is _true_ in a syllogism is always and necessarily present to the mind. But _incompleteness_ is a negative quality, an absent _datum_, which it is very possible, and indeed very easy, to leave out of account.

Source: https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 11 · Verified:2026-10-19 · Verification:Short excerpt

Today's question

Does this passage change one judgment about money or risk today?

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