Experience teaches effectually, but brutally. It makes us acquainted with all the effects of an action, by causing us to feel them; and we cannot fail to finish by knowing that fire burns, if we have burned ourselves. For this rough teacher, I should like, if possible, to substitute a more gentle one. I mean Foresight. For this purpose I shall examine the consequences of certain economical phenomena, by placing in opposition to each other those which are seen, and those which are not seen.
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About Frederic Bastiat
Frederic Bastiat was a 19th-century French classical liberal theorist and assembly member. Claude-Frédéric Bastiat was a French economist, writer and prominent member of the French liberal school. Read more on Wikipedia →