Score:0
broken window fallacybuy from Amazon.com
broken window fallacy
"In Bastiat's tale, a man's son breaks a pane of glass, meaning the man will have to pay to replace it. The onlookers consider the situation and decide that the boy has actually done the community a service because his father will have to pay the glazier (window repair man) to replace the broken pane. The glazier will then presumably spend the extra money on something else, jump-starting the local economy."
Add Your: Image | Comment | Link
Ranked in:
economic fallacies
Ranked by:
Comments: Login to comment!