Frédéric Bastiat Net Worth

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Photo: Émile Desmaisons. Lithograph by Auguste-Hilaire Léveillé. · Wikimedia Commons · Public domain

Estimated net worth

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Historical figure: wealth claims from this era are speculative, are often repeated in inflated modern equivalents, and cannot be verified — so no estimate is shown for this profile.

Quick facts

Born1801

ProfessionCelebrity

NationalityFrench

CategoryMore Stars

Background and career

Claude-Frédéric Bastiat (; French: [klod fʁedeʁik bastja]; 30 June 1801 – 24 December 1850) was a French economist, writer, and prominent member of the French liberal school.

A member of the French National Assembly, Bastiat developed the economic concept of opportunity cost and introduced the parable of the broken window. He was described as "the most brilliant economic journalist who ever lived" by economic theorist Joseph Schumpeter.

As an advocate of classical economics and the economics of Adam Smith, his views favored a free market and influenced the Austrian School. He is best known for his book The Law, where he argued that law must protect rights such as private property, not "plunder" others' property.