Capital and Interest by Frédéric Bastiat is a thought-provoking and insightful exploration of the role of capital and interest in the economy. Bastiat provides a clear and accessible explanation of these concepts, making them easy for readers to understand even if they are not well-versed in economics.

One of the strengths of this book is Bastiat's ability to present complex economic ideas in a way that is engaging and easy to follow. He uses real-world examples and analogies to illustrate his points, helping readers to see the practical implications of the theories he discusses.

Another highlight of Capital and Interest is Bastiat's critique of the prevailing economic theories of his time. He challenges the conventional wisdom regarding interest rates and the role of capital in economic growth, offering a fresh perspective that encourages readers to think critically about these important issues.

Overall, Capital and Interest is a thought-provoking and informative read that is sure to be of interest to anyone interested in economics or the workings of the modern economy. Bastiat's clear writing style and insightful analysis make this book a valuable addition to the library of anyone who wants to deepen their understanding of these important economic concepts.

Book Description:
Frédéric Bastiat was an early 19th century French economist/statesman whose common sense essays tried to battle the rise of socialist ideology after the French revolution, where provisional governments were rivaling each other for power. Of central concern was who should control the money. How is wealth created? How should it be divided amongst the people? What services should government provide? Same questions we are asking now. This essay addresses the popular fallacy of the day that Capital should be available to all gratuitiously, without necessity of paying back loans, and looking upon any form of interest as Usury. Bastiat argued that capital is created by savings, and savings are what makes borrowing possible so the common man can get ahead and prosper, and lending is only worth the risk if the lender profits by it, via interest. He demonstrated the law of supply and demand, that, in essence, interest decreases as availability of capital increases. His basic premises is that without a leisure class , there would be nothing to borrow, so that neither the common man nor society can prosper. Translated from the French by Horace White of Chicago. I have divided this essay up into segments for ease of comprehension. - Summary by Michele Fry