Frédéric Bastiat
Claude Frédéric Bastiat (29 June 1801 – 24 December 1850) was a French classical liberal theorist, political economist, and member of the French assembly.
Orphaned at nine, he later gained first-hand knowledge of market regulation through his family's export business.
After inheriting the family estate at 25, he pursued wide intellectual interests.
His public economics career began in 1844, cut short by tuberculosis in 1850.
Bastiat is celebrated for his clear, witty writing and works like Economic Sophisms and The Law, and for developing the important economic concept of opportunity cost.
