Investing · Western classics
Frédéric Bastiat:Economic Sophisms, Excerpt 221
Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing
If it be true, a priori, that the domain of invention and that of labour cannot be simultaneously extended but at each other's expense, it must be in those countries where machinery most abounds--in Lancashire, for example--that we should expect to find the fewest workmen. And if, on the other hand, we establish the fact that mechanical power and manual labour coexist, and to a greater extent, among rich nations than among savages, the conclusion is inevitable, that these two powers do not exclude each other.
Source:
https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 221 · Verified:2026-10-19 · Verification:Short excerpt
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Does this passage change one judgment about money or risk today?
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