Investing · Western classics
Frédéric Bastiat:Economic Sophisms, Excerpt 179
Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing
At length the countryman died, and his son, who succeeded him, said to himself, "My father was a dupe all his life. He purchased oil, and so paid _tribute_ to Provence, whilst our own land, with some pains, can be made to grow the olive. He bought cloth, wine, and oranges, and thus paid tribute to Brittany, Medoc, and Hyères, whilst we can cultivate hemp, the vine, and the orange tree with more or less success. He paid _tribute_ to the miller and the weaver, whilst our own domestics can weave our linen and grind our wheat." In this way he ruined himself, and spent among strangers that money which he might have spent at home.
Source:
https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 179 · 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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