economics in one lesson the shortest and surest way to understand basic economics phần 2

Đặc quyền này có thể bao gồm trong một Biểu thuế nhập khẩu cạnh tranh, nó có thể bao gồm trợ cấp, nó có thể bao gồm trong các luật ngăn chặn những người khác từ tín dụng của chính phủ sẽ nhận được các trang trại và máy kéo của họ tại các chi phí của những gì nếu không sẽ bị những người nhận tín dụng tư nhân. | CHAPTER III THE BLESSINGS OF DESTRUCTION So WE have finished with the broken window. An elementary fallacy. Anybody one would think would be able to avoid it after a few moments thought. Yet the broken-window fallacy under a hundred disguises is the most persistent in the history of economics. It is more rampant now than at any time in the past. It is solemnly reaffirmed every day by great captains of industry by chambers of commerce by labor union leaders by editorial writers and newspaper columnists and radio commentators by learned statisticians using the most refined techniques by professors of economics in our best universities. In their various ways they all dilate upon the advantages of destruction. Though some of them would disdain to say that there are net benefits in small acts of destruction they see almost endless benefits in enormous acts of destruction. They tell us how much better off economically we all are in war than in peace. They see miracles of production which it requires a war to achieve. And they see a post-war world made certainly prosperous by an enormous accumulated or backed-up demand. In Europe they joyously count 14 ECONOMICS IN ONE LESSON the houses the whole cities that have been leveled to the ground and that will have to be replaced. In America they count the houses that could not be built during the war the nylon stockings that could not be supplied the worn-out automobiles and tires the obsolescent radios and refrigerators. They bring together formidable totals. It is merely our old friend the broken-window fallacy in new clothing and grown fat beyond recognition. This time it is supported by a whole bundle of related fallacies. It confuses need with demand . The more war destroys the more it impoverishes the greater is the post-war need. Indubitably. But need is not demand. Effective economic demand requires not merely need but corresponding purchasing power. The needs of China today are incomparably greater than the needs of .

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