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The broken-window scenario is used as an analogy for destruction by natural disasters. [6] Disasters disrupt economic activity. [7] The economic effects of natural disasters are varied. [8] Firefighters at work in the Taisho-suji Market in Kobe, Japan after a 1995 earthquake.
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 behavior
James Q. Wilson and George L. Kelling first introduced the broken windows theory in an article titled "Broken Windows", in the March 1982 issue of The Atlantic Monthly: Social psychologists and police officers tend to agree that if a window in a building is broken and is left unrepaired, all the rest of the windows will soon be broken.
(Bloomberg Opinion) -- Whether or not “Broken Windows” policing tactics actually work is one of those debates that will never really end, mainly because there are so many different ...
A member of the French National Assembly, Bastiat developed the economic concept of opportunity cost and introduced the parable of the broken window. [2] He was described as "the most brilliant economic journalist who ever lived" by economic theorist Joseph Schumpeter. [3]
In other words, there remains an opportunity cost to the owner of the window, and to society, even if his (or his insurer's) funds were "trapped" in savings and investment. This criticism of the parable of broken window might make more sense if the owner's funds were hidden under his mattress, or some other allegory denoting a zero opportunity ...
Collective efficacy is an alternative to broken windows theory, which argues that efforts to prevent small crimes such as vandalism and public drinking reduce the likelihood of crime. According to broken windows theory, when residents and authorities do not work to prevent small crimes, a sense of disorder develops in the community.
First impressions are more important than early intervention: Qualifying broken windows theory in the lab (joint work with Christoph Engel et al.) ', International Review of Law and Economics (IRLE), vol. 37 (2014), pp. 126-136 [16]