Search results
Results from the WOW.Com Content Network
The parable of the broken window was introduced by French economist Frédéric Bastiat in his 1850 essay "That Which Is Seen, and That Which Is Not Seen" ("Ce qu'on voit et ce qu'on ne voit pas") to illustrate why destruction, and the money spent to recover from destruction, is not actually a net benefit to society.
James Q. Wilson and George L. Kelling first introduced the broken windows theory in an article titled "Broken Windows", in the March 1982 issue of The Atlantic Monthly: Social psychologists and police officers tend to agree that if a window in a building is broken and is left unrepaired, all the rest of the windows will soon be broken.
Broken window may refer to: Broken window fallacy , economic theory illustrating why destruction, and the money spent to recover from destruction, is not actually a net benefit to society Broken windows theory , criminological theory of the norm-setting and signaling effect of urban disorder and vandalism on additional crime and anti-social ...
Finally, the art of economics consists of looking not just at the immediate effects of a policy but at its longer-term effects for all groups. [3] Chapter 2, "The Broken Window", uses the example of a broken window to demonstrate what Hazlitt considers the fallacy that destruction can be good for the economy. He argues that while the broken ...
A member of the French National Assembly, Bastiat developed the economic concept of opportunity cost and introduced the parable of the broken window. [2] He was described as "the most brilliant economic journalist who ever lived" by economic theorist Joseph Schumpeter. [3]
(Bloomberg Opinion) -- Whether or not “Broken Windows” policing tactics actually work is one of those debates that will never really end, mainly because there are so many different ...
Most business cycle theories focused on a single factor, [9] such as monetary policy or the impact of weather on the largely agricultural economies of the time. [8] Although business cycle theory was well established by the 1920s, work by theorists such as Dennis Robertson and Ralph Hawtrey had little impact on public policy. [11]
Wilson and George L. Kelling introduced the broken windows theory in the March 1982 edition of The Atlantic Monthly. In an article titled "Broken Windows", they argued that the symptoms of low-level crime and disorder (e.g. a broken window) create an environment that encourages more crimes, including serious ones. [2]