The Broken Window–A Concept That MUST Be Understood To Avoid Economic Ignorance!

“It is often sadly remarked that the bad economists present their errors to the public better than the good economists present their truths. The reason is that the bad economists are presenting half-truths. They are speaking only of the immediate effect of a proposed policy or its effect upon a single group. The answer consists in supplementing and correcting the half-truth with the other half.”


Beware the Broken Window Fallacy


What is the “Broken Window Fallacy” and why is it important to understand?





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