4/2/10

The Wire, The Broken Window Fallacy, etc...

An episode of the THE WIRE in season 5 mentioned "the broken window fallacy"; sounded interesting; turns out it is. A facet at least of why things like the War on Drugs, price-fixing, modern medicine, and a lot of other things aren't working.

Parable of the Broken Window (Sloppy but interesting Wikipedia article)

and Frédéric Bastiat's (responsible for the above metaphor) original essay:

That Which is Seen, and That Which is Not Seen

These are fun too:

Economics In One lesson

Jevons Paradox

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