Why are Indians more into rent seeking than profit seeking? Why do so many of us prefer 'plunder' over 'labor'? Frédéric Bastiat's masterpiece, The Law, was written in France in 1850-- but there may be no modern book with a better diagnosis of what ails us.
Frédéric Bastiat (1802-1850) was a French economist and author. He was a member of the French Liberal School, and of the French National Assembly. His writings on economics and politics are remarkable for the way in which they explain complex ideas in simple language.