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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.
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 ...
The Law (French: La Loi) is an 1850 book by Frédéric Bastiat.It was written at Mugron two years after the third French Revolution and a few months before his death of tuberculosis at age 49.
Key thinkers include Frédéric Bastiat, Jean-Baptiste Say, Antoine Destutt de Tracy, Julien Freund, Pierre Manent and Gustave de Molinari. The school voraciously defended free trade and laissez-faire. They were primary opponents of interventionist and protectionist ideas. This made the French school a forerunner of the modern Austrian school.
Parable of the broken window – Parable by French economist Frédéric Bastiat; Rebound effect – Pharmacological term; Parkinson's law – Adage that work expands to fill its available time; Streisand effect – Increased awareness of information caused by efforts to suppress it
Frédéric Bastiat, economist, classical liberalist, he developed the economic concept of opportunity cost, and introduced the Parable of the broken window. Pierre Frédéric Sarrus, mathematician, known for having developed the Sarrus linkage. Jean-François Champollion, decipherer of the Egyptian hieroglyphs.
Parable of the broken window – Parable by French economist Frédéric Bastiat; Running through fields of wheat – 2017 quote by Theresa May; Thinning – Removal of some plants to improve the growth of other plants; War on Drugs § Aerial herbicide application
It is not seen that if he had not had a window to replace, he would, perhaps, have replaced his old shoes, or added another book to his library. In short, he would have employed his six francs in some way, which this accident has prevented." —Frédéric Bastiat, That Which Is Seen and That Which Is Not Seen, 1850