In 1850, French economist Frédéric Bastiat wrote about what is known as the parable of the broken window. In his 1946 masterpiece, Economics in One Lesson, Henry Hazlitt borrows from Bastiat to open his book with the lesson of the broken window. The lesson teaches us two mistakes people are prone to make when thinking about economics:

1. Not considering all the parties involved
2. Thinking about only what we can see and not about what we cannot see

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