2 ms·
This argument is addressed in the 'opportunity cost' section of the "Parable of the Broken Window" Wikipedia page.[1] Briefly, the economic activity is most ap
by nickff 10y ago
This argument is addressed in the 'opportunity cost' section of the "Parable of the Broken Window" Wikipedia page.[1] Briefly, the economic activity is most apparent when spent replacing the broken window, while the opportunity costs are more diffuse, as that money may have been spend in small amounts on other things, but there is no overall increase in economic activity, only a transfer.
[1] https://en.wikipedia.org/wiki/Parable_of_the_broken_window#The_opportunity_cost_of_war https://en.wikipedia.org/wiki/Parable_of_the_broken_window#T...