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What is Parable of The Broken Window The parable of the broken window was introduced by French economist Frédéric Bastiat in his 1850 essay "That Which Is See

The author explains why the modern system has become so unwiedly and explains what must be done to correct it. He takes readers on an epic journey, from the daw

What is Opportunity Cost In microeconomic theory, the opportunity cost of a choice is the value of the best alternative forgone where, given limited resources,

What is Output Economics In economics, output is the quantity and quality of goods or services produced in a given time period, within a given economic network,

Here is a bold history of economics - the dramatic story of how the great economic thinkers built today's rigorous social science. Noted financial writer and ec