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|                                                                            |
|  Chapter II: The Broken Window                                             |
|                                                                            |
|  LET US BEGIN with the simplest illustration possible: let us,             |
|  emulating Bastiat, choose a broken pane of glass.                         |
|                                                                            |
|  A young hoodlum, say, heaves a brick through the window of a baker's      |
|  shop. The shopkeeper runs out furious, but the boy is gone. A crowd       |
|  gathers, and begins to stare with quiet satisfaction at the gaping        |
|  hole in the window and the shattered glass over the bread and pies.       |
|  After a while the crowd feels the need for philosophic reflection. And    |
|  several of its members are almost certain to remind each other or the     |
|  baker that, after all, the misfortune has its bright side. It will        |
|  make business for some glazier. As they begin to think of this they       |
|  elaborate upon it. How much does a new plate glass window cost? Two       |
|  hundred and fifty dollars? That will be quite a sum. After all, if        |
|  windows were never broken, what would happen to the glass business?       |
|  Then, of course, the thing is endless. The glazier will have $250 more    |
|  to spend with other merchants, and these in turn will have $250 more      |
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|[m/-O]                                     [_______________________] [[\/]!]|
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|==|          Netscape: LFB: Economics in One Lesson, The Applied      |()|[]|
+--+-------------------------------------------------------------------+--+--+
|File  Edit  View  Go  Bookmarks  Options  Directory  Window             Help|
|---------------------------------------------------------------------+-----+|
|[Back][Forward][Home] [Reload][Load Images][Open][Print][Find] [Stop]|T\\ Y||
|          +--------------------------------------------------------+ || \\|||
| Netsite: |http://laissezfaire.org/hh7135c2.html                   | ||.--.||
|          +--------------------------------------------------------+ +-----+|
|====->=====================================================<-===============|
|                                                                            |
|      Chapter II: The Broken Window                                         |
|                                                                            |
|      LET US BEGIN with the simplest illustration possible:                 |
|      let us, emulating Bastiat, choose a broken pane of                    |
|      glass.                                                                |
|                                                                            |
|      A young hoodlum, say, heaves a brick through the                      |
|      window of a baker's shop. The shopkeeper runs out                     |
|      furious, but the boy is gone. A crowd gathers, and                    |
|      begins to stare with quiet satisfaction at the gaping                 |
|      hole in the window and the shattered glass over the                   |
|      bread and pies. After a while the crowd feels the                     |
|      need for philosophic reflection. An several of its                    |
|      members are almost certain to remind each other or                    |
|      the baker that, after all, the misfortune has its                     |
|      bright side. It will make business for some glazier.                  |
|      As they begin to think of this they elaborate upon                    |
|      it. How much does a new plate glass window cost? Two                  |
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|[m/-O]                                     [_______________________] [[\/]!]|
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