The Broken Window Fallacy

Here’s an excellent (and short) video of Tom Palmer discussing the Broken Window Fallacy (HT: Steve Horwitz). It’s a venerable fallacy, but it’s one from which I hope we might be recovering. A couple of quick Google searches couldn’t turn up anyone saying that the recent earthquake in Haiti will be good for Haitian economic growth.

I had a Mises Daily a few years ago on the fallacy. Bastiat inspired Henry Hazlitt’s Economics in One Lesson, which I discuss here. Here’s a series of interviews with economists on different parts of Economics in One Lesson.

Cross-Posted at the Mises Blog and Division of Labour.

Art Carden is a Research Fellow at the Independent Institute and Associate Professor of Economics at Samford University.
Beacon Posts by Art Carden | Full Biography and Publications
Comments
  • Catalyst
  • Beyond Homeless
  • MyGovCost.org
  • FDAReview.org
  • OnPower.org
  • elindependent.org