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National Repository of Grey Literature 2 records found  Search took 0.01 seconds. 
Application the broken window fallacy on the terrorist attacks of 9/11/2001 in the United States of America
 Weiss, Daniel ; Johnson, Zdenka (advisor) ; Fabianková, Klára (referee)
This thesis deals with terrorist attacks of 9/11/2001 in the United States of America. The goal is to analyze the selected economic impacts of the terrorist attacks and apply broken window fallacy on this disaster. The method of the study is comparison and analysis of macroeconomic impacts. Research confirms quarterly decrease in GDP, increase in unemployment rate and larger deficit in federal budget. The correlation between these attacks and subprime mortgage crisis is proved in this study. Last but not least negative impacts on aviation industry, financial markets, which led to drop in gross private domestic investment, insurance industry and on the whole tourism in the USA, especially decline in arrival tourists are examined. According to negative impacts that terrorist attacks had on economy of the United States of America, my hypothesis confirms the existence of the broken window fallacy.
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The Legacy of Frédéric Bastiat
 Chudoba, Matěj ; Vostrovská, Zdenka (advisor) ; Pavlík, Ján (referee)
This bachelor thesis deals with economic thought of Frédéric Bastiat; his complete work and fundamental ideas are introduced to readers. The biggest attention is paid to the "broken-window fallacy", e.g. preferring just immediate effects caused by a state intervention, and neglecting those long-term ones. The thesis presents a couple of examples of the impossibility to create even a single job vacancy by a state redistribution; the state only re-directs jobs from a private sector to the public one. The thesis follows up Bastiat's critic of protectionism and also demonstrates how a free international trade is veiled with a number of economic myths. Nor Bastiat's contribution in the domain of a spontaneous order and its difference from an artificially created socialist system is omitted. The aim of this work is not only to sum up his economic thinking but also to prove that his non-orthodox thoughts can be considered to be of a benefit for modern economics.
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