"Ironically the pragmatic meaning of prudence is exactly the opposite of its traditional meaning. Traditionally prudence was not considered contrary to virtue; it was the highest virtue: It meant the wisdom to practice all the virtues in the right time and circumstance."
Justice and Fraternity
Part of Bastiat's Selected Essays on Political Economy, this work focuses on the issue of justice and its compatibility with the idea of fraternity. Bastiat declares the following about the balance between these two concepts:
"When a great number of families, all of whom, whether in isolation or in association, need to work in order to live, to prosper, and to better themselves, pool some of their forces, what can they demand of this common force save the protection of all persons, all products of labor, all property, all rights, all interests? Is this anything else than universal justice? Evidently, the right of each is limited by the absolutely similar right of all the others. The law, then, can do no more than recognize this limit and see that it is respected. If it were to permit a few to infringe this limit, this would be to the detriment of others. The law would be unjust. It would be still more so if, instead of tolerating this encroachment, it ordered it."
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