Investing · Western classics

Frédéric Bastiat:Economic Sophisms, Excerpt 20

Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing

I made the supposition, not long ago, of the existence of an assembly composed of workmen, each member of which, in his capacity of producer, should have the power of passing a law embodying his _secret wish_, and I said that the code which would emanate from that assembly would be monopoly systematized, the theory of scarcity reduced to practice.

Source: https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 20 · 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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