What central point was Bastiat trying to make in his fictional petition of the candlemakers?

Short Answer

Expert verified

In the interest of the French people, Bastiat was trying to encourage natural sources of light and minimize the manufacturing of candles which required animal fat to save the agricultural wealth and fisheries industry of France.

Step by step solution

01

Step 1. Central point of the petition

French economist Bastiat completely devasted the proponents of protectionism and made allegations on the candlemakers by calling them self-centered and caring for the interest of producers only. By extending their reasoning to its logical and absurd conclusions, Bastiat, in the fictional petition, argued that the candlemakers desire to emancipate them from external competition and reserve the national market for national industry.

He satirically called the ‘Sun’ a foreign rival as it inundates the French market and makes the consumers completely rely on it once it appears in the sky. In his own words in the petition, one can find Bastiat sarcastically condemning the candlemakers and calling them meritorious manufacturers of France forpassing a law that orders shutting up of all openings like holes and fissures, by or through which the light of the sun enters the houses.

In short, in his petition, Bastiat advocates for access to natural light and discourages the candlemakers from manufacturing artificial sources of light, which heavily require tallow to save the agricultural wealth of France.

Unlock Step-by-Step Solutions & Ace Your Exams!

  • Full Textbook Solutions

    Get detailed explanations and key concepts

  • Unlimited Al creation

    Al flashcards, explanations, exams and more...

  • Ads-free access

    To over 500 millions flashcards

  • Money-back guarantee

    We refund you if you fail your exam.

Over 30 million students worldwide already upgrade their learning with Vaia!

One App. One Place for Learning.

All the tools & learning materials you need for study success - in one app.

Get started for free

Most popular questions from this chapter

“The potentially valid arguments for tariff protection—military self-sufficiency, infant industry protection, and diversification for stability—are also the most easily abused.” Why are these arguments susceptible to abuse?

True or False. If Country B has an absolute advantage over Country A in producing bicycles, it will also have a comparative advantage over Country A in producing bicycles.

Assume that the comparative-cost ratios of two products—baby formula and tuna fish—are as follows in the nations of Canswicki and Tunata:

Canswicki: 1 can baby formula ≡ 2 cans tuna fish

Tunata: 1 can baby formula ≡ 4 cans tuna fish

In what product should each nation specialize? Which of the following terms of trade would be acceptable to both nations: (a) 1 can baby formula ≡ 2 1/2 cans tuna fish; (b) 1 can baby formula ≡ 1 can tuna fish; (c) 1 can baby formula ≡ 5 cans tuna fish?

What is the offshoring of white-collar service jobs, and how does it relate to international trade? Why has offshoring increased over the past few decades? Give an example (other than that in the text) of how offshoring can eliminate some U.S. jobs while creating other U.S. jobs.

Suppose Big Country can produce 80 units of X by using all its resources to produce X or 60 units of Y by devoting all its resources to Y. Comparable figures for Small Nation are 60 units of X and 60 units of Y. Assuming constant costs, in which product should each nation specialize? Explain why. What are the limits of the terms of trade between these two countries?

See all solutions

What do you think about this solution?

We value your feedback to improve our textbook solutions.

Study anywhere. Anytime. Across all devices.

Sign-up for free