glazier's fallacy
nounEtymology From the parable of the broken window, in which destruction of window glass is said to be good because it provides some business for glaziers.
1
The notion that destruction is good for an economy because it stimulates demand for goods and services. It is generally held to be a fallacy because there is no net benefit macroeconomically, no matter how much money some particular businesses may make.
- Related terms
- broken windows theory