Investing · Western classics
Frédéric Bastiat:Economic Sophisms, Excerpt 200
Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing
In practice, does a single exchange take place, out of a hundred, out of a thousand, out of ten thousand perhaps, which represents the direct barter of commodity for commodity? Never since the introduction of money has any agriculturist said: I want to buy shoes, hats, advice, lessons; but only from the shoemaker, the hat-maker, the lawyer, the professor, who will purchase from me corn to an exactly equivalent value. And why should nations bring each other under a yoke of this kind? Practically how are such matters transacted?
Source:
https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 200 · 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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