The Broken Window Fallacy

That Which is Seen, and That Which is Not Seen by Frederic Bastiat, 1850

• Introduction.
• I. The Broken Window
• II. The Disbanding of Troops
• III. Taxes
• IV. Theatres and Fine Arts
• V. Public Works
• VI. Intermediates
• VII. Restriction
• VIII. Machinery
• IX. Credit
• X. Algeria
• XI. Frugality and Luxury
• XII. Having a Right to Work, Having a Right to Profit