Political Economy and Liberalism in France: The Contributions of Frédéric Bastiat

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We offer easy replacement for all products under certain conditions which are mentioned below:? More Information. Around the middle of the 19th Century, the French liberal banner was carried by a group of academics and writers whom we shall collectively refer to as the " journalistes " they were also known as the " laissez-faire ultras " or the "Paris Group". Guillaumin also put out reprints and translations of older famous economic tracts.

Their advocacy of laissez-faire economic policy was just as extreme if not more than their Anglo-Saxon counterparts and their influence on government policy was unmatched anywhere else. But in the battle for the hearts and minds of the French population, their socialist rivals registered some success by painting the liberals as stooges of the corrupt Orleanist regime.

However, the socialists themselves were discredited by the debacle of and virtually disappeared off the map with the formation of the Second Empire under Napoleon III. The journalistes especially the younger Says were initially wary of Napoleon III, whom they regarded as a populist dictator.

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But Chevalier ingratiated himself quickly with the new regime, and gradually brought the others over. Any misgivings over the new emperor fell away when he approved the Cobden-Chevalier treaty with Britain, followed up quickly by treaties with Belgium, Germany, Italy, etc. The journalistes exercised an iron grip over the economics profession during the Orleanist period and the Second Empire.

Most positions in French universities were filled by orthodox liberals.

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Say to Rossi to Chevalier to Leroy-Beaulieu. They also controlled the economics section of the all-powerful Institut de France, the academy of sciences that looms over so much of French intellectual life.

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We should also note that, already by the s, the French Liberal School had jettisoned serious economic theory. Most of the journalistes focused on the art of economic policy, allowing a loose sort "supply-and-demand" logic to guide their thinking without adhering to any specific foundations.

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Author:Frédéric Bastiat

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Political Economy and Liberalism in France : The Contributions of Frederic Bastiat

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