Investing · Western classics

Frédéric Bastiat:Economic Sophisms, Excerpt 47

Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing

There are two things to be remarked upon in this citation--the facts and the doctrine. The facts tend to prove that little land, little capital, and little labour are required to produce a large quantity of sugar, and that each commune of France would be abundantly provided by devoting to beet-root cultivation one hectare of its soil. The doctrine consists in regarding this circumstance as adverse, and in seeing in the very power and fertility of the new industry, _a limit to its utility_.

Source: https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 47 · 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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