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
|