Investing · Western classics
Frédéric Bastiat:Economic Sophisms, Excerpt 69
Frédéric Bastiat《Economic Sophisms》· Economic Sophisms · Investing
To illustrate what I mean by an example: I suppose some Parisian speculators to devote themselves to the production of oranges. They know that the oranges of Portugal can be sold in Paris for a penny apiece, whilst they, on account of the frames and hot-houses which the colder climate would render necessary, could not sell them for less than a shilling as a remunerative price. They demand that Portuguese oranges should have a duty of elevenpence imposed upon them. By means of this duty, they say, the _conditions af production_ will be equalized; and the Chamber, giving effect, as it always does, to such reasoning, inserts in the tariff a duty of elevenpence upon every foreign orange.
Source:
https://www.gutenberg.org/ebooks/44145
Locator:Excerpt 69 · 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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