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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 ...
Bastiat stated, "I do not dispute their right to invent social combinations, to advertise them, to advocate them, and to try them upon themselves, at their own expense and risk. But I do dispute their right to impose these plans upon us by law – by force – and to compel us to pay for them with our taxes."
Fallacy of many questions (complex question, fallacy of presuppositions, loaded question, plurium interrogationum) – someone asks a question that presupposes something that has not been proven or accepted by all the people involved. This fallacy is often used rhetorically so that the question limits direct replies to those that serve the ...
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 ...
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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 ...