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The Foundations of Laissez-faire

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Table of Contents

Introduction 1. The Context (I). Social and Political Augustinianism 2. The Context (II). On Some Problems in the Governing of an Ordered State 3. Equilibrium (I). The Social Classes Approach: From the "State of Innocence" to the "Polished and Magnificent State" 4. Equilibrium (II). The Market Approach: The Foundations of Equilibrium and of Free Trade 5. Destablishing Shocks (I). Court Language and Merchant Truth 6. Destablishing Shocks (II). Market Strategies: The Propagation of Disequilibrium Conclusion Appendix


"To a modern economist, the most striking feature of Buisguilbert's work is its resemblance to Keynesian economics. Facarello does s good job of sketching the main parallels. Perhaps this plaint is not so much a criticism of Facarello as it is a statement that despite his workman effort, much remains to be done. Anglo-Saxon scholards of French pre-Smithian economic though will find this book useful, if for no other reason that the dearth of secondary sources on Buisguillbert in English. This book is a welcome addition to a sparse literature in which little new or original research has emerged over the past three decades. - History of Political Economy, Robert F. Hebert, Auburn University."

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