Parable of the Broken Window
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High Quality Content by WIKIPEDIA articles! The parable of the broken window was created by Frédéric Bastiat in his 1850 essay Ce qu'on voit et ce qu'on ne voit pas (That Which Is Seen and That Which Is Unseen) to illuminate the notion of hidden costs associated with destroying property of others. Bastiat uses this story to introduce a concept he calls the broken window fallacy, which is related to the law of unintended consequences, in that both involve an incomplete accounting for the consequences of an action. The fallacy of the onlookers' argument is that they considered only the benefits of purchasing a new window, but they ignored the cost to the shopkeeper. As the shopkeeper was forced to spend his money on a new window, he could not spend it on something else. For example, the shopkeeper might have preferred to spend the money on bread and shoes for himself (thus enriching the baker and cobbler), but now cannot because he must fix his window.
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GarantieWeitere Informationen
- Allgemeine Informationen
- GTIN 09786130491710
- Genre Elektrotechnik
- Editor Lambert M. Surhone, Miriam T. Timpledon, Susan F. Marseken
- Anzahl Seiten 152
- Größe H9mm x B220mm x T150mm
- EAN 9786130491710
- Format Fachbuch
- Titel Parable of the Broken Window
- Gewicht 239g
- Herausgeber Betascript Publishing
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