4 ms·
This does not apply in this case because it is bringing in resources from outside of the country. The broken window fallacy only applies in a relatively closed
by timwiseman 17y ago
This does not apply in this case because it is bringing in resources from outside of the country. The broken window fallacy only applies in a relatively closed system.
Of course, even if this DOES improve the economy (and I am not saying it will, just that it does not violate the broken window fallacy if it does) this was a horrible tragedy with an enormous deathtoll.
- adharmad 17y agoAgreed..it does not seem to be broken window fallacy....sloppy on my part.
- WalkingDead 17y agoI don't even understand the broken window fallacy. The broken window repair does seem to increase GDP, as long as G means Gross (Gross Domestic Product). Of course the net gain is zero, but that's not what GDP mean, I think.