The Working Conditions of Labourers in India in the Industrial Regions
What is the n...
Question
What is the name of the story used by the French economist Frédéric Bastiat to explain a theory about the unintended economic consequences of certain events?
A
Parable of the broken window
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B
Parable of windows
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C
Parable of the broken chair
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D
Parable of chairs
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Solution
The correct option is A Parable of the broken window In 1850, the French economist Frédéric Bastiat used a story to explain a theory about the unintended economic consequences of certain events. This story came to be known as the “Parable of the broken window ”.