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Suggest an Entry under this Topic |
| Reference |
| La Vitre cassée, by Claude Frederic Bastiat, Ce qu'on voit et ce qu'on ne voit pas |
| The Broken Window, by Claude Frederic Bastiat, That Which is Seen, and That Which is Not Seen |
| Articles |
Economic Lunacy, by Walter E. Williams, 15 Nov 2004
"The broken window fallacy was seen in a column written by Princeton University Professor Paul Krugman after the terrorist attack on the World Trade Center ... If [he] is right, wouldn't the terrorists have done us a bigger economic favor if they had destroyed buildings in other cities?" |
The Bright Side of War, by Sheldon Richman, 24 May 2004
Related Topics: War, Claude Frederic Bastiat
"... the idea that war creates prosperity is emphatically not true. ... The real cost of the war is the wealth we are compelled to forgo. ... Even truly defensive wars entail destruction, not production." |
The Myth of War Prosperity, Part 1, by Anthony Gregory, Freedom Daily, Dec 2006
Related Topics: War, World War II
Review of Depression, War, and Cold War: Studies in Political Economy by Robert Higgs
"Bastiat asks his reader to imagine a delinquent boy throwing a rock through a store window, about which some presumptuous onlooker comments that it might indeed be good for the economy. The glazier will make money replacing the window, which he will use to buy bread from a baker ... What this ignores ... is the unseen costs: what the storeowner could have done with that money had he not had to spend it on the glazier ..." |
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