The broken window fallacy is a parable that is sometimes used to illustrate the problem with the notion that going to war is good for a nation's economy. Its wider message is that an event that ...

The broken window fallacy refers to the idea that economic destruction caused by natural and man-made calamities does not give any boost to economic activity as is commonly believed and in fact ...

but in the first case replacing a broken window brings him back to where he started; in the second case he has a functional window and a new pair of shoes. The fallacy is to suggest that the ...

The broken window fallacy in such thinking, if I can presume to condense Bastiat, is that the real cost of breaking windows is ignored. The window repair company will make $2,000 from the repair costs ...