Translated From the Fifth Edition of the French, by Patrick James Stirling, LLD., F.R.S.E. Bastiat's two great works on Political Economy--the Sophismes Économiques, and the Harmonies Économiques--may be regarded as counterparts of each other. He himself so regarded them: "the one," he says, "pulls down, the other builds up." His object in the Sophismes was to refute the fallacies of the Protectionist school, then predominant in France, and so to clear the way for the establishment of what he maintained to be the true system of economic science, which he desired to found on a new and peculiar theory of value, afterwards fully developed by him in the _Harmonies_. Whatever difference of opini…
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