Frederic Bastiat Quotes


But life cannot maintain itself alone. The Creator of life has entrusted us with the responsibility of preserving, developing, and perfecting it. In order that we may accomplish this, He has provided us with a collection of marvelous faculties. And He has put us in the midst of a variety of natural resources. By the application of our faculties to these natural resources we convert them into products, and use them. The process is necessary in order that life may run its appointed course.


Citations

Bastiat, Frédéric. The Law. Foundation for Economic Education, 1950.

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The major reason for not yet harvesting waste is the labor, caital, and energy costs of recycling relative to the value of the resource is too high. Technology improvements and greater shortages continuously change the equation in favor of harvesting more and more resources.


Frederic Bastiat
Frederic Bastiat
  • Born: June 30, 1801
  • Died: December 24, 1850
  • Nationality: French
  • Profession: Economist

Claude-Frédéric Bastiat was a French economist, writer and a prominent member of the French Liberal School.