Investing · Western classics
Frédéric Bastiat:Economic Sophisms, Excerpt 218
Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing
The foreign workman, better and more favourably situated than the home workman for the production of certain commodities, is, with reference to the latter, a veritable _economic machine,_ crushing him by competition. In like manner, machinery, which executes a piece of work at a lower price than a certain number of men could do by manual labour, is, in relation to these manual labourers, a veritable _foreign competitor_, who paralyzes them by his rivalry.
Source:
https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 218 · 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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