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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] Austrian theorists cite this fallacy, saying it is a common element of popular thinking.
Sustainable refurbishment describes working on existing buildings to improve their environmental performance using sustainable methods and materials. A refurbishment or retrofit is defined as: "any work to a building over and above maintenance to change its capacity, function or performance' in other words, any intervention to adjust, reuse, or upgrade a building to suit new conditions or ...
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 ...
Window insulation heat-shrinks to your window to create a translucent, insulating barrier that can be removed in the warmer months. However, window film can look unsightly and must be replaced ...
Tens of thousands of California residents will be forced to decide whether to permanently relocate or face construction bills after a wildfire crisis that’s weakened California’s insurance.
The term replacement cost or replacement value refers to the amount that an entity would have to pay to replace an asset at the present time, according to its current worth. [1] In the insurance industry, "replacement cost" or "replacement cost value" is one of several methods of determining the value of an insured item. Replacement cost is the ...
Visceral fat is the type of fat that surrounds your internal organs in your abdomen. It can be particularly worrisome because it's housed in places where fat shouldn’t be stored in excess. While ...
A jalousie window (UK: / ˈ dʒ æ l ʊ z iː /, US: / ˈ dʒ æ l ə s iː /), louvred window (Australia, New Zealand, Pacific Islands, Southeast Asia, United Kingdom), jalousie, or jalosy [1] is a window composed of parallel glass, acrylic, or wooden louvres set in a frame. The louvres are joined onto a track so that they may be tilted open ...
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