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by tantalor 1039 days ago
I wonder if entertainment could be analogous to destruction? Like, do Taylor Swift concerts actually generate useful economic activity, or is it a broken window? Presumably those concert goers would have spent that money on something more useful..
2 comments

If the concert attendees value the concert experience more than they paid for the tickets, then the concert generated value.
The difference is that people want to be entertained. The shop-owner would rather not spend money on replacing a window.