|
Frédéric Bastiat
Claude-Frédéric Bastiat (; ; 30 June 1801 – 24 December 1850) was a French economist, writer and a prominent member of the French liberal school. A member of the French National Assembly, Bastiat developed the economic concept of opportunity cost and introduced the parable of the broken window. He was described as "the most brilliant economic journalist who ever lived" by economic theorist Joseph Schumpeter. As an advocate of classical economics and the economics of Adam Smith, his views favored a free market and influenced the Austrian School. Thornton, Mark (11 April 2011"Why Bastiat Is Still Great" Mises Institute. Retrieved 1 August 2019. He is best known for his book '' The Law'', where he argued that law must protect rights such as private property, not "plunder" others' property. Biography Bastiat was born on 29 June 1801 in Bayonne, Aquitaine, a port town in the south of France on the Bay of Biscay. His father, Pierre Bastiat, was a prominent businessman in th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Assembly (France)
The National Assembly (, ) is the lower house of the Bicameralism, bicameral French Parliament under the French Fifth Republic, Fifth Republic, the upper house being the Senate (France), Senate (). The National Assembly's legislators are known as () or deputies. There are 577 , each elected by a single-member Constituencies of the National Assembly of France, constituency (at least one per Departments of France, department) through a two-round system; thus, 289 seats are required for a majority. The List of presidents of the National Assembly of France, president of the National Assembly, currently Yaël Braun-Pivet, presides over the body. The officeholder is usually a member of the largest party represented, assisted by vice presidents from across the represented political spectrum. The National Assembly's term is five years; however, the president of France may dissolve the assembly, thereby calling for early elections, unless it has been dissolved in the preceding twelve m ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anne Turgot
Anne Robert Jacques Turgot, Baron de l'Aulne ( ; ; 10 May 172718 March 1781), commonly known as Turgot, was a French economist and statesman. Sometimes considered a physiocrat, he is today best remembered as an early advocate for economic liberalism. He is thought to have been the first political economist to have postulated something like the law of diminishing marginal returns in agriculture. Education Born in Paris, Turgot was the youngest son of Michel-Étienne Turgot, " provost of the merchants" of Paris, and Madeleine Francoise Martineau de Brétignolles, and came from an old Norman family. As one of four children, he had a younger sister and two older brothers, one of whom, Étienne-François Turgot (1721–1789), was a naturalist, and served as administrator of Malta and governor of French Guiana. Anne Robert Jacques was educated for the Church, and at the Sorbonne, to which he was admitted in 1749 (being then styled ''abbé de Brucourt''). He delivered two remarka ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mugron
Mugron () is a commune in the Landes department in Nouvelle-Aquitaine in southwestern France. Population Personalities *Frédéric Bastiat lived most of his life at Mugron. See also *Communes of the Landes department The following is a list of the 327 communes of the Landes department of France France, officially the French Republic, is a country located primarily in Western Europe. Overseas France, Its overseas regions and territories include French ... References Communes of Landes (department) {{Landes-geo-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bay Of Biscay
The Bay of Biscay ( ) is a gulf of the northeast Atlantic Ocean located south of the Celtic Sea. It lies along the western coast of France from Point Penmarc'h to the Spanish border, and along the northern coast of Spain, extending westward to Cape Ortegal. The average depth is and the greatest depth is . Etymology The Bay of Biscay is known in Spain as the Gulf of Biscay (; ). In France, it is called the Gulf of Gascony ( ; ; ; ). In Latin, the bay was known as ( Cantabrian Gulf); the name Cantabrian Sea is still used locally for the southern area of the Bay of Biscay that washes over the northern coast of Spain ( Cantabria). The English name comes from Biscay on the northern Spanish coast, probably standing for the western Basque districts (''Biscay'' up to the early 19th century). Geography Parts of the continental shelf extend far into the bay, resulting in fairly shallow waters in many areas and thus the rough seas for which the region is known. Heavy storms ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aquitaine
Aquitaine (, ; ; ; ; Poitevin-Saintongeais: ''Aguiéne''), archaic Guyenne or Guienne (), is a historical region of southwestern France and a former Regions of France, administrative region. Since 1 January 2016 it has been part of the administrative region of Nouvelle-Aquitaine. It is situated in the southwest corner of metropolitan France, along the Atlantic Ocean and the Pyrenees mountain range on the border with Spain; for most of its Recorded history, written history Bordeaux has been a vital port and administrative centre. It is composed of the five Departments of France, departments of Dordogne, Lot-et-Garonne, Pyrénées-Atlantiques, Landes (department), Landes and Gironde. Gallia Aquitania was established by the Romans in ancient times and in the Middle Ages, Duchy of Aquitaine, Aquitaine was a kingdom and a duchy, whose boundaries fluctuated considerably. History Ancient history There are traces of human settlement by prehistoric peoples, especially in the Périgord, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mises Institute
The Ludwig von Mises Institute for Austrian Economics, or Mises Institute, is a nonprofit think tank headquartered in Auburn, Alabama, that is a center for Austrian economics, right-wing libertarian thought and the paleolibertarian and anarcho-capitalist movements in the United States. It is named after the economist Ludwig von Mises (1881–1973) and promotes the Misesian version of heterodox Austrian economics. The Mises Institute was founded in 1982 by Lew Rockwell, chief of staff to Texas Republican Congressman Ron Paul. Early supporters of the institute included economist F. A. Hayek, writer Henry Hazlitt, economist Murray Rothbard, Ron Paul, and libertarian coin dealer Burt Blumert. History The Mises Institute was founded in 1982 by Lew Rockwell, who was chief of staff to Texas Republican Congressman Ron Paul; previously Rockwell had been editor for the conservative Arlington House Publishers and had worked for the far-right John Birch Society and t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mark Thornton
Mark Thornton (born June 7, 1960) is an American economist of the Austrian School. DiLorenzo, Thomas (2011-02-11My Associations with Liars, Bigots, and Murderers '' LewRockwell.com'' He has written on the topic of prohibition of drugs, the economics of the American Civil War, and the "Skyscraper Index". He is a Senior Fellow with the Ludwig von Mises InstituteMark Thornton fellow page website, ''accessed December 21, 2013.'' in Alabama and a Research Fellow with the . [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Austrian School
The Austrian school is a Heterodox economics, heterodox Schools of economic thought, school of economic thought that advocates strict adherence to methodological individualism, the concept that social phenomena result primarily from the motivations and actions of individuals along with their self interest. Austrian-school theorists hold that economic theory should be exclusively derived from basic principles of human action.Ludwig von Mises. Human Action, p. 11, "Purposeful Action and Animal Reaction". Referenced 2011-11-23. The Austrian school originated in 1871 in Vienna with the work of Carl Menger, Eugen von Böhm-Bawerk, Friedrich von Wieser, and others. It was methodologically opposed to the Historical school of economics, Historical school, in a dispute known as ''Methodenstreit'', or methodology quarrel. Current-day economists working in this tradition are located in many countries, but their work is still referred to as Austrian economics. Among the theoretical contribu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Free Market
In economics, a free market is an economic market (economics), system in which the prices of goods and services are determined by supply and demand expressed by sellers and buyers. Such markets, as modeled, operate without the intervention of Forms of government, government or any other external authority. Proponents of the free market as a normative ideal contrast it with a regulated market, in which a government intervenes in supply and demand by means of various methods such as taxes or regulations. In an idealized free market economy, prices for goods and services are set solely by the bids and offers of the participants. Scholars contrast the concept of a free market with the concept of a Coordinated market economy, coordinated market in fields of study such as political economy, new institutional economics, economic sociology, and political science. All of these fields emphasize the importance in currently existing market systems of rule-making institutions external to th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Classical Economics
Classical economics, also known as the classical school of economics, or classical political economy, is a school of thought in political economy that flourished, primarily in Britain, in the late 18th and early-to-mid 19th century. It includes both the Smithian and Ricardian schools. Its main thinkers are held to be Adam Smith, Jean-Baptiste Say, David Ricardo, Thomas Robert Malthus, and John Stuart Mill. These economists produced a theory of market economies as largely self-regulating systems, governed by natural laws of production and exchange (famously captured by Adam Smith's metaphor of the invisible hand). Adam Smith's '' The Wealth of Nations'' in 1776 is usually considered to mark the beginning of classical economics.Smith, Adam (1776) An Inquiry into the Nature and Causes of The Wealth of Nations. (accessible by table of contents chapter titles) AdamSmith.org The fundamental message in Smith's book was that the wealth of any nation was determined not by the gol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
