Sunday, August 1, 2010

Some of the most powerful and important ideas are the simple ones.

Watch this short video, its mandatory.

The Broken Window Fallacy

1 comment:

Against the Current said...

You are correct Jason. Yet people do commit the error of using this fallacy in more complex contexts - for example, after something is already broken they will suggest that maybe it was good thing; or in numerous policy contexts.

Its not unlike the fallacy of thinking that protectionism makes us richer. One just has to point to the conclusion that we ought therefore to cut off trade altogether to achieve maximum riches. Yet people still believe it.

PL.