The Broken Window Fallacy

GPTKB entity

Statements (55)
Predicate Object
gptkbp:instance_of gptkb:Logic
gptkbp:can_lead_to misguided policy decisions
gptkbp:challenges the notion of job creation through destruction
gptkbp:concept insurance claims
microeconomics
gptkbp:depicts the difference between visible and invisible effects
the importance of considering unseen consequences
gptkbp:describes the misconception that economic activity is created by destruction
gptkbp:emphasizes the need for holistic economic analysis
gptkbp:encourages critical thinking in economics
gptkbp:example circular reasoning
gptkbp:highlights the fallacy of focusing only on immediate effects
https://www.w3.org/2000/01/rdf-schema#label The Broken Window Fallacy
gptkbp:is_a_caution_against short-term thinking in economics
gptkbp:is_a_concept_that_can_be_misunderstood_as support for economic interventionism
gptkbp:is_a_concept_that_can_be_related_to the law of unintended consequences
gptkbp:is_a_concept_that_can_be_used_to_argue_against the justification of war for economic gain
gptkbp:is_a_concept_that_encourages_analysis_of long-term economic impacts
gptkbp:is_a_concept_that_is_often_oversimplified_in gptkb:public_discourse
gptkbp:is_a_fallacy_that_can_be_countered_by understanding economic principles
gptkbp:is_a_fallacy_that_can_be_observed_in real-world economic scenarios
gptkbp:is_a_fallacy_that_can_lead_to inefficient resource allocation
gptkbp:is_a_foundation_for gptkb:Austrian_economics
gptkbp:is_a_key_argument_against destruction as a means of economic stimulation
gptkbp:is_a_principle_that_can_be_illustrated_by real-life examples of destruction
gptkbp:is_a_principle_that_can_be_illustrated_through case studies in economics
gptkbp:is_a_principle_that_highlights the difference between direct and indirect effects
gptkbp:is_a_principle_that_warns_against misinterpreting economic indicators
gptkbp:is_a_subject_of economists
economic education
gptkbp:is_a_topic_that_can_provoke debate among policymakers.
gptkbp:is_a_topic_that_is_relevant_to economic recovery discussions
gptkbp:is_a_topic_that_raises_questions_about the role of government in the economy
gptkbp:is_applied_in natural disasters
gptkbp:is_associated_with the idea of creative destruction
gptkbp:is_cited_in economic growth
gptkbp:is_critiqued_by gptkb:Keynesian_economics
the broken window theory
gptkbp:is_described_as the fallacy of composition
gptkbp:is_discussed_in economic literature
gptkbp:is_often_compared_to the broken window theory
gptkbp:is_often_discussed_in public spending
gptkbp:is_often_referenced_in libertarian economists
debates about economic stimulus
gptkbp:is_often_seen_in support for laissez-faire economics
gptkbp:is_often_used_in economic policy analysis
criticize government spending
gptkbp:is_recommended_by that broken windows do not benefit the economy
gptkbp:is_related_to opportunity cost
gptkbp:is_relevant_to public policy discussions
gptkbp:legal_principle business cycles
gptkbp:narrative the limitations of GDP as a measure of economic health
gptkbp:originated_in a parable by Frédéric Bastiat
gptkbp:bfsParent gptkb:Frederic_Bastiat
gptkbp:bfsLayer 5