#hazlitt — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #hazlitt, aggregated by home.social.
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@ajsadauskas @barubary The fallacy was identified over 170 years ago by #economist Frédéric #Bastiat as “the parable of the broken window” in “That Which is Seen, and That Which is Not Seen”: https://en.wikisource.org/wiki/Essays_on_Political_Economy/That_Which_Is_Seen,_and_That_Which_Is_Not_Seen#The_Broken_Window
Henry #Hazlitt expanded on this in his classic “#Economics in One Lesson” (1946), a fantastic and easily-digestible book that traces the long-term consequences of common economic beliefs. You can download it for free: https://fee.org/resources/economics-in-one-lesson/