Investing · Western classics

Frédéric Bastiat:Economic Sophisms, Excerpt 177

Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing

We point with pride to a certain manufacture. Is it established or maintained with capital which has fallen from the moon? No; that capital has been withdrawn from agriculture, from shipping, from the production of wines. And this is the reason why, under the _régime_ of protective tariffs, there are more workmen in our mines and in our manufacturing towns, and fewer sailors in our ports, and fewer labourers in our fields and vineyards.

Source: https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 177 · 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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