Category Archives: Bastiat

The Economic Sophism that There Are No Absolute Principles

This is chapter 18 of the first series of Frederic Bastiat’s Economic Sophisms, trans. Arthur Goddard (New York: Foundation for Economic Education, 1996), pp. 96-98.

We cannot but be astonished at the ease with which men resign themselves to ignorance about what it is most important for them to know; and we may be certain that they are determined to remain invincibly ignorant if they once come to consider it as axiomatic that there are no absolute principles. Read the rest of this entry