Publisher's Synopsis
Excerpt from Land and Its Rent
The author is well aware that the tone of his allusions to Frederic Bastiat will grieve many of the American admirers of that most ingeni ous, eloquent, and sentimental essayist; but it seems full time that the plain truth regarding Bastiat's theory of value, whether as applied to land or to commercial products, should be spoken out on this side the water, as it was long ago, in England, by Professor Cairnes. In his power of raillery and sarcasm, in the gracious charm of his narrative, in the purity and ear nestness of his philanthropic purpose, Bastiat cannot sufficiently be admired; but as a con structive economist he made a dead failure, while his views regarding the land are espe cially erroneous.
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