Who Owns The Negative Railroad?
4 min readFeb 22, 2021
I first came across the work of Frédéric Bastiat in Robert Heilbroner’s The Worldly Philosophers, a readable survey of the major economic thinkers, in which Bastiat plays a minor role. I was attracted by Bastiat’s deft use of the reductio ad absurdum, as in his story of a hypothetical “negative railroad,” which is (de)constructed by a series of limitations meant to stimulate trade, but which wind up destroying it instead. It goes…