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

The broken window fallacy | FEE - Foundation for Economic Education

3.2K views · 59 reactions | Professor Art Carden visits Bastiat's famous Parable of the Broken Window to explain why not all forms of spending are equal. | Learn Liberty | Facebook

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