Remember in class we spoke about the Japanese earthquake possibly being good for their economy...well perhaps not!
The French economist Frederic Bastiat wrote a thesis explaining that destroying stuff does not actually create jobs. It was called 'What is seen and what is not seen'.
It's quite dry stuff but I really like this explanation below of his theory (see you tube clip)...it became known as 'The Broken Window Fallacy'
For extra reading click on this link to read the origonal text from the economist, Bastiat. A fine way to help explain lots of concepts in economics in particular opportunity cost.
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