37 Responses to “Sometimes, Free Market Economics Jokes Write Themselves”

1. #1 |  Lee_Franke |  September 15th, 2004 at 8:26 pm

   OK I admit it…I do not get the joke?

   Is it a play on the ‘broken window’ fallacy?

2. #2 |  Scotty B |  September 16th, 2004 at 7:25 am

   In related news, we have a good number of manufactured home makers in my area. Due to the hurricane deluge in the south they have year round work until 2007 or 2008.

   Molly \ Carmella Decesare 2004

3. #3 |  fyodor |  September 16th, 2004 at 1:31 pm

   This reminds me of the old canard (and in fact, those who believe it may very well seize on this as evidence) that the GNP (or GDP or whatever) is meaningless because much of what it measures is “bad.”

   But the two important factors to consider are:

   1. Despite the boon to window makers, most people, and therefore the GNP, would have been better off without the storms. Same goes for oil spills, obesity, etc.

   2. At least people have the money to spend on new windows! If they hadn’t, then the window makers wouldn’t have gotten the business and the GNP wouldn’t be reflecting their increased income. While the people paying for new windows would surely have preferred not to have had their windows damaged by storms in the first place, the income going to the window makers still reflects the society’s wealth and as well as an improved circumstance from what would have been the case in lieu of those particular transactions.

   Sorry to turn the “joke” (although I don’t get it any more than Lee) into something serious, but that’s what it reminded me of!

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