Investing · Western classics
Frédéric Bastiat:Economic Sophisms, Excerpt 282
Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing
But there are sciences which exercise on the public mind an influence which is only in proportion to public enlightenment, and derive all their efficacy, not from knowledge accumulated in some gifted minds, but from knowledge diffused over the general masses. Among these we include morals, medicine, social economy, and, in countries where men are their own masters, Politics. It is to such sciences that the saying of Bentham specially applies, "To disseminate them is better than to advance them." What signifies it, that some great man, or even that God himself, should have promulgated the laws of morality, as long as men, imbued with false notions, mistake virtues for vices, and vices for virtues? What matters it that Smith, Say, and, according to M. de Saint-Chamans, economists of all schools, have proclaimed, in reference to commercial transactions, the superiority of liberty over constraint, if the men who make our laws, and for whom our laws are made, think differently?
Source:
https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 282 · 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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