The Broken Window Fallacy and the Economics of War

Economics Happy Hour Podcast · Nov 9, 2023 · 42m

This week, Brian O’Roark joins the show again to help Matt & Jadrian discuss the economic concepts behind war and conflict. With the Russia-Ukraine war ongoing and the renewed conflict in the Middle East, the three of us decided it was time to talk about various concepts related to war and conflict. Most of the discussion focused on a concept known as the broken window fallacy, but we also ventured into conversations around rationing, inflation, GDP, and other ways that economists discuss war and conflict in their classes.

In this episode, we discuss:

* The Broken Window Fallacy

* GDP…