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The fallacy of composition is an informal fallacy that arises when one infers that something is true of the whole from the fact that it is true of some part of the whole. A trivial example might be: "This tire is made of rubber; therefore, the vehicle of which it is a part is also made of rubber."
The paradox of thrift is an example of the fallacy of composition, the idea that what is true of the parts must always be true of the whole. The narrow claim transparently contradicts the fallacy, and the broad one does so by implication, because while individual thrift is generally averred to be good for the individual, the paradox of thrift ...
The belief that there must necessarily be more work available if wages drop is an example of the fallacy of composition. [1] The paradox of toil was proposed by Gauti Eggertsson in 2009. [2] The term was coined to parallel the "paradox of thrift", a concept resurrected by John Maynard Keynes and popularized under that name by Paul Samuelson. [3]
Pages for logged out editors learn more. Contributions; Talk; Fallacy of composition (economics)
When the model becomes accurate, it is just as difficult to understand as the real-world processes it represents. Buttered cat paradox: Humorous example of a paradox from contradicting proverbs. Intentionally blank page: Many documents contain pages on which the text "This page intentionally left blank" is printed, thereby making the page not ...
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 titles of some books are self-explanatory. Good books on critical thinking commonly contain sections on fallacies, and some may be listed below. DiCarlo, Christopher (2011). How to Become a Really Good Pain in the Ass: A Critical Thinker's Guide to Asking the Right Questions. Prometheus Books. ISBN 9781616143978. Engel, S. Morris (1994).
Hasty generalization is the fallacy of examining just one or very few examples or studying a single case and generalizing that to be representative of the whole class of objects or phenomena. The opposite, slothful induction , is the fallacy of denying the logical conclusion of an inductive argument, dismissing an effect as "just a coincidence ...