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

Today's question

Does this passage change one judgment about money or risk today?

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