Opportunity Costs: The Parable of the Broken Window
Opportunity Costs: The Parable of the Broken Window
Nov 17, 2016
learnliberty.org
Through the Parable of the Broken Window, Bastiat introduces the economic concept of Opportunity Cost. The parable describes a shopkeeper's son accidentally breaking his father's window. The spectators at the scene thought this was a good thing, as the glazier now had work. However, Bastiat says that "this theory is confined to what is seen; it does not take into account what is unseen". What is not seen is that the money, now spent on repairing the destruction, could otherwise have been used pr
0:24
Through the Parable of the Broken Window, Bastiat introduces the economic concept of Opportunity Cost. The parable describes a shopkeeper's son accidentally breaking his father's window. The spectators at the scene thought this was a good thing, as the glazier now had work. However, Bastiat says that "this theory is confined to what is seen; it does not take into account what is unseen". What is not seen is that the money, now spent on repairing the destruction, could otherwise have been used pr
2.6K viewsApr 3, 2024
FacebookStudents For Liberty
Out of Bounds (Window) Ending - The Stanley Parable Guide - IGN
Out of Bounds (Window) Ending - The Stanley Parable Guide - IGN
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ign.com
Professor Art Carden visits Bastiat's famous Parable of the Broken Window to explain why not all forms of spending are equal. | Learn Liberty
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Professor Art Carden visits Bastiat's famous Parable of the Broken Window to explain why not all forms of spending are equal. | Learn Liberty
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FacebookLearn Liberty
The Broken Window Fallacy - Economics Help
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The Broken Window Fallacy - Economics Help
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economicshelp.org
"Wun Weng" Parable Broken Down Since you people want to be smart about it by trying to twist Ateny Wek Ateny "Wun Weng" story, I will break it down in black and white for you. Dinka wisemen usually use folklore, parables and proverbs to pass serious messages in a soft and subtle way. It looks like some of you are deliberately refusing to get the subtle message. There are 4 characters in the story, Weng/Cow, Wun Weng/Owner, Koor/Lion, köc kök/Others who were trying to rescue the Cow with little s
1:48
"Wun Weng" Parable Broken Down Since you people want to be smart about it by trying to twist Ateny Wek Ateny "Wun Weng" story, I will break it down in black and white for you. Dinka wisemen usually use folklore, parables and proverbs to pass serious messages in a soft and subtle way. It looks like some of you are deliberately refusing to get the subtle message. There are 4 characters in the story, Weng/Cow, Wun Weng/Owner, Koor/Lion, köc kök/Others who were trying to rescue the Cow with little s
668 views7 months ago
FacebookJuba Media
215 years ago today, French economist Frédéric Bastiat was born. Celebrate by learning about Bastiat's most famous parable, "the broken window fallacy," with professor Art Carden. | Learn Liberty
3:10
215 years ago today, French economist Frédéric Bastiat was born. Celebrate by learning about Bastiat's most famous parable, "the broken window fallacy," with professor Art Carden. | Learn Liberty
20K viewsJun 30, 2016
FacebookLearn Liberty
Stanley Parable all endings and how many endings there are explained
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