Frederic Bastiat Quote
“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.”
The Law (2006 edition), Cosimo, Inc. - ISBN: 9781596059641
“The shallowest and therefore the most successful representative of the apologists of vulgar economics. Karl Marx”
Picture Source: Wikimedia CommonsFrederic Bastiat
Born: June 30, 1801
Died: December 24, 1850 (aged 49)
Bio: Claude Frédéric Bastiat was a French classical liberal theorist, political economist, and member of the French assembly. He was notable for developing the important economic concept of opportunity cost.