Bastiat on Economic Harmony
Abstract
Frederick Bastiat’s last work was the Economic Harmonies, published in 1851. He died while completing it, and — though it had some uptake in the 19th century — in recent times scholarly interest has focused on his other work. In the Harmonies, he makes a remarkable claim: when properly understood, in a free market society all people’s economic interests are in harmony. If we consider that Karl Marx was arguing at the same time that those same societies are afflicted by an endemic class struggle that can end only with the com-munist revolution, the contrast is sharp. In this paper, I explore Bastiat’s rationale for his claim, as a rejoinder to one of the influential arguments mounted by Marx against economic liberty