The broken window fallacy as it relates to Japan

Discussion in 'Off Topic [BG]' started by bassrique, Mar 21, 2011.

  1. For those not familiar with the broken window fallacy, here's an explanation.

    In a nutshell, the idea is that the destruction of a store's window may help the window maker, but the shop keeper in the end has replaced a window he already had and did not better himself by using that money elsewhere.

    In this month's New Yorker, a financial writer makes the case that there are times when broken windows can be good for an economy.

    The whole article.
  2. Primary

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    Here are some related products that TB members are talking about. Clicking on a product will take you to TB’s partner, Primary, where you can find links to TB discussions about these products.

    Jul 28, 2021

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