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
• B. Parable of windows
• C. Parable of the broken chair
• D. Parable of chairs

Answer 1

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 ”.