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Bastiat is not addressing production – he is addressing the stock of wealth. In other words, Bastiat does not merely look at the immediate but at the longer effects of breaking the window. Bastiat takes into account the consequences of breaking the window for society as a whole, rather than for just one group. [3] [4]
Claude-Frédéric Bastiat (/ b ɑː s t i ˈ ɑː /; French: [klod fʁedeʁik bastja]; 30 June 1801 – 24 December 1850) was a French economist, writer and a prominent member of the French liberal school. [1] A member of the French National Assembly, Bastiat developed the economic concept of opportunity cost and introduced the parable of the ...
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 window may create work for the glazier, the money the shopkeeper has to spend on replacing the window means that he cannot spend it elsewhere in the ...
The “beeftallow” hashtag on TikTok has over 50,000 posts, including viral videos boasting hundreds of thousands of likes touting the benefits of using rendered beef fat as skincare. Many of ...
The writer ignores that replacing the window is an "investment" much like any of his other "investments" (that the writer seems to criticize). The difference is that something of value was destroyed before the new window "investment" could be made, so it is starting off in a hole in terms of return on investment, which is the main point of the ...
Look around social media and you’ll see them starting to crop up — 2025 preseason college football rankings. Some combination of Texas, Georgia, Ohio State and Oregon rules the top 10, which ...
Things have changed for Billy Ray Cyrus since his days as a beloved Disney Channel dad.. The country star's career took off when he released his breakout 1992 hit "Achy Breaky Heart," and his fame ...
Don't rely on bloviating pundits to tell you who'll prevail on Hollywood's big night. The Huffington Post crunched the stats on every Oscar nominee of the past 30 years to produce a scientific metric for predicting the winners at the 2013 Academy Awards.