2min chapter

Ideas Having Sex cover image

10. James Otteson - Seven Deadly Economic Sins

Ideas Having Sex

CHAPTER

Opportunity Costs

Frederick Bastia was one of the first to articulate the idea that it sure looks like that's good for the economy. The best cinematic dramatization I've seen of the broken window fallacy is if you've seen the film, the Fifth Element. So this notion of opportunity costs is absolutely crucial.

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