Bastiat and the nature of interest

the debate with Proudhon

Authors

DOI:

https://doi.org/10.30800/mises.2021.v9.1378

Keywords:

Bastiat, Proudhon, plutology, interest rates

Abstract

This article investigates Bastiat's criticism of Proudhon's proposal to abolish interest by establishing the Bank of the People. The controversy between the two authors is examined in the light of the peculiarities of the economic theory developed by Bastiat, which include elements extracted from the works of Jean-Baptiste Say, Destutt de Tracy, and Charles Comte. We will argue that the merit and limitations of Bastiat's arguments in the debate reflect the tension between the subjective and objective elements present in his theory. 

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Author Biography

Fabio Barbieri, Universidade de São Paulo, São Paulo, SP, Brazil

Graduado em Administração Pública pela FGV-SP, Fabio Barbieri é mestre, doutor e livre-docente em teoria econômica pela Universidade de São Paulo, onde leciona, no campus de Ribeirão Preto-SP. É vice-diretor acadêmico do Instituto Mises Brasil. Suas publicações versam sobre história do pensamento econômico e metodologia, com ênfase em temas austríacos.

References

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Published

2021-02-26

How to Cite

1.
Barbieri F. Bastiat and the nature of interest: the debate with Proudhon. MisesJournal [Internet]. 2021Feb.26 [cited 2021Jul.29];9. Available from: https://misesjournal.org.br/misesjournal/article/view/1378

Issue

Section

Original Research Articles