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Quando o liberal e o socialista se defrontam: Bastiat, Proudhon e a renda do capital [Liberalism vs. Socialism: Bastiat, Proudhon and capital income]

Author

Listed:
  • Carlos Leonardo Kulnig Cinelli

    (UnB)

  • Rogério Arthmar

    (UFES)

Abstract

This paper deals with the debate involving Bastiat and Proudhon over the legitimacy of the capital income. The first section presents an overview of the French political scenario at the time of the controversy. After that, the economic views of both authors are sketched in light of the liberal and socialist doctrines at the time. The third section introduces Bastiat's and Proudhon's initial contributions with regard to capital and interest concepts. Next, their economic and methodological arguments concerning the nature of a profit orientated society are confronted. The fifth section presents the final discussion over Proudhon's free credit proposal, harshly criticized by Bastiat. As concluding remarks, the effective length of the two protagonists' divergences is evaluated.

Suggested Citation

  • Carlos Leonardo Kulnig Cinelli & Rogério Arthmar, 2010. "Quando o liberal e o socialista se defrontam: Bastiat, Proudhon e a renda do capital [Liberalism vs. Socialism: Bastiat, Proudhon and capital income]," Nova Economia, Economics Department, Universidade Federal de Minas Gerais (Brazil), vol. 20(3), pages 509-541, September.
  • Handle: RePEc:nov:artigo:v:20:y:2010:i:3:p:509-541
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    More about this item

    Keywords

    interest; capital; private property; cost-free credit;

    JEL classification:

    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)
    • B12 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Classical (includes Adam Smith)
    • B15 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Historical; Institutional; Evolutionary

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