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The book explores Frédéric Bastiat's critique of conventional economic thinking through his famous 'broken window' parable. It challenges the notion that destruction or public spending can stimulate the economy by highlighting the unseen consequences of such actions. While the visible damage of the broken window is clear, the text emphasizes the hidden costs and lost opportunities resulting from redirecting resources. Bastiat's insights encourage readers to consider the broader implications of economic decisions beyond immediate effects.
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That Which is Seen, and That Which is Not Seen, Frédéric Bastiat
- Language
- Released
- 2018
- product-detail.submit-box.info.binding
- (Hardcover)
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- Title
- That Which is Seen, and That Which is Not Seen
- Subtitle
- Bastiat and the Broken Window (1853)
- Language
- English
- Authors
- Frédéric Bastiat
- Publisher
- Suzeteo Enterprises
- Released
- 2018
- Format
- Hardcover
- Pages
- 68
- ISBN13
- 9781947844339
- Category
- Business and Economics
- Description
- The book explores Frédéric Bastiat's critique of conventional economic thinking through his famous 'broken window' parable. It challenges the notion that destruction or public spending can stimulate the economy by highlighting the unseen consequences of such actions. While the visible damage of the broken window is clear, the text emphasizes the hidden costs and lost opportunities resulting from redirecting resources. Bastiat's insights encourage readers to consider the broader implications of economic decisions beyond immediate effects.