“Life, liberty, and property do not exist because men have made laws. On the contrary, it was the fact that life, liberty, and property existed beforehand that caused men to make laws in the first place.”

About Frederic Bastiat

Economist • French

Frédéric Bastiat was a renowned French economist, writer, and a prominent member of the French Liberal School. He is best known for developing the economic concept of opportunity cost and for his incisive critiques of...