The Quarterly Journal of Austrian Economics

, Volume 4, Issue 4, pp 55–70 | Cite as

Bastiat’s legacy in economics

  • Jörg Guido Hülsmann


We have discussed four areas in which Frédéric Bastiat has made important contributions to economic theory. These contributions have had lasting value and are liable to enrich current research in the Austrian tradition. Bastiat’s great themes-harmony rather than equilibrium, property versus spoliation, and property and value-have been almost completely neglected in professional economic science during the unfortunate twentieth century. It is therefore time to return to the works of this genius and to build on some of the foundations he has laid.


Political Economy Quarterly Journal Private Property Free Market Market Exchange 
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Copyright information

© Springer 2001

Authors and Affiliations

  • Jörg Guido Hülsmann
    • 1
  1. 1.Mises InstituteUSA

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