The Sooty Window
Every semester I begin my principles of microeconomics course with Henry Hazlitt's version of Bastiat's the broken window from Economics in One Lesson. I explain to them that while the story was originally written in the 19th century it is still relevant today. Steve Horowitz makes this point by well by presenting his parable of the Sooty Window. You can bet I will be using this example next time I teach my class.
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