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RE: Cooperativism: The -ism Of The Future

in LeoFinance3 years ago

The idea of unintended consequences is one of the important concepts in economics. It can be negative or positive. An example of a positive consequence is Adam Smith’s “invisible hand.” As for negative consequences, Frederic Bastiat, identifies them more as the unseen outcome of destructive policies. He elaborates on them in his parable of "The Broken Window” and applies them in his analysis to a wide range of issues such as taxes and government spending.

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