Broken Window I

by Russ Roberts on April 16, 2004

in The Economy

Jeff Jacoby points out that Boston’s benefits from hosting the Democratic National Convention may be slightly lower (actually a lot lower) than the estimated $150 million being bandied about. It’s a nice example of the seen and the unseen. Seen are some of the benefits. The costs are a little harder to see. But he cites a study by the Beacon Hill Institute that claims when the full effects are considered, the Convention will actually harm the city by $12.8 million.

Here is the original analysis by Bastiat on the seen and the unseen.


Add a Comment    Share Share    Print    Email

Previous post:

Next post: