The Broken Window Fallacy

GPTKB entity

Statements (55)
Predicate Object
gptkbp:instance_of gptkb:philosopher
gptkbp:advocates_for destruction as a means of economic stimulation
gptkbp:applies_to natural disasters
public policy discussions
gptkbp:can_lead_to inefficient resource allocation
misguided policy decisions
gptkbp:challenges the notion of job creation through destruction
gptkbp:depicts the difference between visible and invisible effects
the importance of considering unseen consequences
gptkbp:emphasizes the need for holistic economic analysis
gptkbp:encourages critical thinking in economics
gptkbp:example circular reasoning
gptkbp:highlights the difference between direct and indirect effects
the fallacy of focusing only on immediate effects
gptkbp:historical_debate the justification of war for economic gain
https://www.w3.org/2000/01/rdf-schema#label The Broken Window Fallacy
gptkbp:is_a_framework_for gptkb:Austrian_economics
gptkbp:is_analyzed_in long-term economic impacts
gptkbp:is_associated_with the idea of creative destruction
gptkbp:is_cited_in economic growth
libertarian economists
gptkbp:is_countered_by understanding economic principles
gptkbp:is_criticized_for gptkb:Keynesian_economics
the broken window theory
gptkbp:is_described_as the fallacy of composition
the misconception that economic activity is created by destruction
gptkbp:is_discussed_in public spending
economic literature
economic recovery discussions
gptkbp:is_effective_against misinterpreting economic indicators
short-term thinking in economics
gptkbp:is_observed_in real-world economic scenarios
gptkbp:is_often_associated_with debates about economic stimulus
gptkbp:is_often_compared_to the broken window theory
gptkbp:is_often_depicted_as support for laissez-faire economics
gptkbp:is_often_used_in economic policy analysis
criticize government spending
gptkbp:is_related_to opportunity cost
gptkbp:legal_issue business cycles
gptkbp:narrative_style the limitations of GDP as a measure of economic health
gptkbp:origin a parable by Frédéric Bastiat
gptkbp:related_concept gptkb:public_discourse
insurance claims
microeconomics
support for economic interventionism
the law of unintended consequences
gptkbp:research_focus the role of government in the economy
gptkbp:research_interest debate among policymakers.
gptkbp:subject economists
economic education
gptkbp:suitable_for that broken windows do not benefit the economy
gptkbp:theory case studies in economics
real-life examples of destruction
gptkbp:bfsParent gptkb:Frédéric_Bastiat
gptkbp:bfsLayer 4