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What Is Seen and What Is Not Seen
by Frédéric Bastiat · 1850
★★★★★Editor's Pickbeginner
Bastiat's essential essay on opportunity costs and unintended consequences. The 'broken window fallacy' comes from this pamphlet: destroying a window may stimulate the glazier's trade, but it destroys wealth that would have been directed elsewhere. Every economics student should read this first.
★ Why We Recommend It
This is one of the most important works in the liberty tradition — essential for any serious student of free markets and individual rights.
Best For:New to libertyFirst-time readersGift for a friend
★ Key Takeaways
What You'll Learn from What Is Seen and What Is Not Seen
- 1This work offers rigorous analysis of its subject from a liberty-oriented perspective.
- 2The author builds a systematic argument from first principles.
- 3The implications for policy and practice are far-reaching.
- 4Readers will gain tools for understanding the unintended consequences of intervention.
- 5Essential reading for anyone serious about the ideas of freedom.
★ About the Author
Frédéric Bastiat
Frédéric Bastiat (1801–1850) was a French economist and statesman who is best remembered for his sharp wit in exposing economic fallacies.
★ Meet the Author
Watch: Frédéric Bastiat
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