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"Frédéric Bastiat wrote numerous essays or pamphlets which the used to promote his ideas and to combat errors. Many of his important essays or pamphlets are included in this volume. Of these, “The Law” and “What Is Seen and "What Is Not Seen” are well known; others are not so familiar. Henry Hazlitt in his Economics in One Lesson said this regarding “What Is Seen and What Is Not Seen”: “The following work may, in fact, be regarded as a modernization, extension, and generalization of the approach found in Bastiat’s pamphlet.” The Editor is responsible for the arrangement of the essays in the present volume. This translation follows as faithfully as possible the originalFrench standard edition of the complete works of Bastiat. Cross references have been included among the three volumes of the present translation. Three types of notes are included: Translator’s notes are directed at the general reader and are mainly about persons and terms. Editor’s notes refer to notes by the editor of the French edition; Bastiat’s notes stand without such notations. Only the Translator’s notes are at the bottom of the page; Editor’s notes and Bastiat’s notes are at the end of the volume. The latter two are more important but were put at the back to avoid cluttering the pages and to promote readability. in either economic harmonies or economic sophisms."

"This historic book may have numerous typos and missing text. Not illustrated. 1849 edition. Excerpt: ... tlaction: and his personal consumption, so far as it consists of necessaries, is productive consumption. § 3. At the risk of being tedious, I must add a few more illustrations, to bring out into a still stronger and clearer light the idea of Capital. As M. Say truly remarks, it is on the very elements of our subject that illustration is most usefully bestowed, since the greatest errors which prevail in it may be traced to the want of a thorough mastery over the elementary ideas. Nor is this surprising: a branch may be diseased and all the rest healthy, but unsoundness at the root diffuses unhealthiness through the whole tree. Let us therefore consider whether, and in what cases, the property of those who live on the interest of what they possess, without being personally engaged in production, can be regarded as capital. It is so called in common language, and, with reference to the individual, not improperly. All funds from which the possessor derives an income, which income he can use without sinking and dissipating the fund itself, are to him equivalent to capital. But to transfer hastily and inconsiderately to the general point of view, propositions which are true of the individual, has been a source of innumerable errors in political economy. In the present instance, that which is virtually capital to the individual, is or is not capital to the nation, according as the fund which by the supposition he has not dissipated, has or has not been dissipated by somebody else. For example, let property of the value of ten thousand pounds belonging to A, be lent to B, a farmer or manufacturer, and employed profitably in B's occupation. It is as much capital as if it belonged to B. A is really a farmer or manufacturer, not personally,.. "