Why can replacing a broken window be sensible without showing that breaking it was beneficial?
Answer & explanation
Repair helps after a loss; prevention could be better.
The two decisions occur at different starting points. Once damage exists, repair may be the best available action. Before damage, keeping the asset intact can leave resources free for something else.
Economics in One Lesson
Chapter 2 · The Broken Window
AI reviewed · sources pending · version 7
Generally accurate according to an AI review. Sources and this book association have not been verified.
