Tag Archives | bastiat

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Opportunity Costs: The Parable of the Broken Window

Some people argue that  natural disasters and other acts of destruction create wealth and employment as we repair the damage they’ve caused. Professor Mike Munger explains that this fallacy fails to take into “opportunity costs” into consideration. Whenever we use a resource for one purpose, like  fixing a window, we give up the opportunity to […]

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The Broken Windows Theory of Policing Has Failed 

by Ryan McMaken One of the most successful ideological movements waged by government agencies in recent decades has been the so-called Broken Windows theory of policing. Popularized in the 1980s by George Kelling, the theory states that if minor violations are ignored — such as the breaking of a window on private property — then those […]

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