Investing · Western classics

Frédéric Bastiat:Economic Sophisms, Excerpt 41

Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing

If it be argued that in practice they do not press their principle to its most extreme consequences, I willingly grant it. This is always the case when one sets out with a false principle. Such a principle soon leads to results so absurd and so mischievous that we are obliged to stop short. This is the reason why practical industry never admits _sisyphism_; punishment would follow error too closely not to expose it. But in matters of speculation, such as theorists and statesmen deal in, one may pursue a false principle a long time before discovering its falsity by the complicated consequences to which men were formerly strangers; and when at last its falsity is found out, the authors take refuge in the opposite principle, turn round, contradict themselves, and seek their justification in a modern maxim of incomparable absurdity: in political economy, there is no inflexible rule, no absolute principle.

Source: https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 41 · Verified:2026-10-19 · Verification:Short excerpt

Today's question

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

公版作品;原文逐字取自 Project Gutenberg,仅摘录段落并附全书链接。

This text is in the public domain. The edition and source link are above. Copyright

← Back to the library